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You can find the current article at its original source at http://www.theguardian.com/business/live/2015/sep/18/asian-stock-markets-mixed-as-us-federal-reserve-keeps-rates-on-hold-live

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Stock markets rattled after dovish Fed leaves rates unchanged Stock markets rattled after dovish Fed leaves rates unchanged
(7 months later)
9.14pm BST9.14pm BST
21:1421:14
US stock markets close 2% downUS stock markets close 2% down
Rupert NeateRupert Neate
US stock markets closed down almost 2% on Friday following sharp falls across the world due to investor’s renewed concern about the health of the global economy after the US Federal Reserve’s decided to leave American interest rates on hold.US stock markets closed down almost 2% on Friday following sharp falls across the world due to investor’s renewed concern about the health of the global economy after the US Federal Reserve’s decided to leave American interest rates on hold.
The Dow Jones Industrial Average closed down 291.7 points ( or 1.75%) to 16,383 points. The S&P 500 lost 32.09 points (or 1.6%) to 1,958.11 and the Nasdaq fell 66.72 points (1.36%) to 4,827.23 points.The Dow Jones Industrial Average closed down 291.7 points ( or 1.75%) to 16,383 points. The S&P 500 lost 32.09 points (or 1.6%) to 1,958.11 and the Nasdaq fell 66.72 points (1.36%) to 4,827.23 points.
The Fed is fanning fears over global growth, causing a big selloff: http://t.co/N57fUQRJf4 pic.twitter.com/7cjswWI260The Fed is fanning fears over global growth, causing a big selloff: http://t.co/N57fUQRJf4 pic.twitter.com/7cjswWI260
You can also read our updated news story here:You can also read our updated news story here:
Related: Global shares fall sharply as US rate decision unnerves markets
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at 9.15pm BSTat 9.15pm BST
8.30pm BST8.30pm BST
20:3020:30
Helena SmithHelena Smith
Over in Athens tonight, Syriza has held a pre-election rally where Padomes leader Pablo Iglesias has just addressed the crowd with the opening line: “I will speak in Spanish because in Berlin they have to learn what Spanish and Greek sounds like!”Over in Athens tonight, Syriza has held a pre-election rally where Padomes leader Pablo Iglesias has just addressed the crowd with the opening line: “I will speak in Spanish because in Berlin they have to learn what Spanish and Greek sounds like!”
He then went on to liken Tsipras to “a lion ... Noone has ever tried to defend your rights like Alexis.”He then went on to liken Tsipras to “a lion ... Noone has ever tried to defend your rights like Alexis.”
5.48pm BST5.48pm BST
17:4817:48
European shares close sharply lower after Fed commentsEuropean shares close sharply lower after Fed comments
Nick FletcherNick Fletcher
The US Federal Reserve may have left interest rates unchanged but the central bank’s cautious comments about the outlook for the global economy sent shudders through global markets.The US Federal Reserve may have left interest rates unchanged but the central bank’s cautious comments about the outlook for the global economy sent shudders through global markets.
Chris Beauchamp, senior market analyst at IG said: “Markets can be a fickle thing. Going into last night’s Fed meeting, talk revolved around how damaging a rate hike would be to equity markets. It turns out that no hike can also be rather problematic, especially when accompanied by a sober statement and downgrades to economic forecasts. As a result, stocks moved swiftly into the red this morning and have stayed there all day.”Chris Beauchamp, senior market analyst at IG said: “Markets can be a fickle thing. Going into last night’s Fed meeting, talk revolved around how damaging a rate hike would be to equity markets. It turns out that no hike can also be rather problematic, especially when accompanied by a sober statement and downgrades to economic forecasts. As a result, stocks moved swiftly into the red this morning and have stayed there all day.”
European markets were harder hit than the UK, with the weaker dollar pushing the euro higher and causing concern for European exporters. So the closing scores showed:European markets were harder hit than the UK, with the weaker dollar pushing the euro higher and causing concern for European exporters. So the closing scores showed:
On Wall Street the Dow Jones Industrial Average is currently down 235 points or 1.42%.On Wall Street the Dow Jones Industrial Average is currently down 235 points or 1.42%.
On that note we’ll close for the moment, but should be back to catch the Wall Street close. Meanwhile, thanks for all your comments.On that note we’ll close for the moment, but should be back to catch the Wall Street close. Meanwhile, thanks for all your comments.
4.41pm BST4.41pm BST
16:4116:41
Christopher Vecchio, Currency Analyst at DailyFX, confirms that a US rate hike this side of Christmas is now less likely than before:Christopher Vecchio, Currency Analyst at DailyFX, confirms that a US rate hike this side of Christmas is now less likely than before:
The implied probability of a rate hike in October, per the Fed funds futures contract, dropped from near 45% yesterday to 18% today; for December, from above 60% yesterday to 26% today.The implied probability of a rate hike in October, per the Fed funds futures contract, dropped from near 45% yesterday to 18% today; for December, from above 60% yesterday to 26% today.
4.08pm BST4.08pm BST
16:0816:08
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at 4.09pm BSTat 4.09pm BST
3.28pm BST3.28pm BST
15:2815:28
Some analysts are arguing today that the Fed has created a new ‘third mandate’, on top of its existing dual duties to deliver price stability and maximum employment.Some analysts are arguing today that the Fed has created a new ‘third mandate’, on top of its existing dual duties to deliver price stability and maximum employment.
Jeremy Zirin, chief equity strategist at UBS Wealth Management, says (via Reuters)Jeremy Zirin, chief equity strategist at UBS Wealth Management, says (via Reuters)
“Investors are wrestling with how concerned they should be regarding global growth.”“Investors are wrestling with how concerned they should be regarding global growth.”
“The Fed has introduced a quasi third mandate about the global growth, apart from the labor market and inflation.”“The Fed has introduced a quasi third mandate about the global growth, apart from the labor market and inflation.”
That means added uncertainty, which usually equals falling stock markets....That means added uncertainty, which usually equals falling stock markets....
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at 3.47pm BSTat 3.47pm BST
3.22pm BST3.22pm BST
15:2215:22
Every major stock market is in the red, with the exception of the Australian and Hong Kong indices which closed many hours ago before the rout got underway.Every major stock market is in the red, with the exception of the Australian and Hong Kong indices which closed many hours ago before the rout got underway.
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at 3.30pm BSTat 3.30pm BST
3.20pm BST3.20pm BST
15:2015:20
Perhaps we can file today in the ‘inexplicable market reaction’ box.Perhaps we can file today in the ‘inexplicable market reaction’ box.
Stocks are acting like they expected more QE yesterday,Stocks are acting like they expected more QE yesterday,
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at 3.20pm BSTat 3.20pm BST
2.44pm BST2.44pm BST
14:4414:44
Bill Gross backs the FedBill Gross backs the Fed
Bond trading veteran Bill Gross says the Fed made the right call last night, given financial market conditions.Bond trading veteran Bill Gross says the Fed made the right call last night, given financial market conditions.
Speaking on Bloomberg TV right now, Gross suggests that the current era of non-standard monetary policy could last for another five or ten years.Speaking on Bloomberg TV right now, Gross suggests that the current era of non-standard monetary policy could last for another five or ten years.
That would allow the problems created during the ‘fat’ decades of debt-driven growth pre-Lehman Brothers to be worked off, he argues.That would allow the problems created during the ‘fat’ decades of debt-driven growth pre-Lehman Brothers to be worked off, he argues.
Bill Gross says we need low interest rates in order to recapitalize. Watch live http://t.co/H89WEacu1C pic.twitter.com/um4ZAczB26Bill Gross says we need low interest rates in order to recapitalize. Watch live http://t.co/H89WEacu1C pic.twitter.com/um4ZAczB26
Gross concedes through that asset prices are simply too high, partly because they’re being priced against record low US interest rates and German bond yields.Gross concedes through that asset prices are simply too high, partly because they’re being priced against record low US interest rates and German bond yields.
Ultimately, there has to be a rebalance if capitalism itself is to rebalance, Gross added.Ultimately, there has to be a rebalance if capitalism itself is to rebalance, Gross added.
2.35pm BST2.35pm BST
14:3514:35
Wall Street opens sharply lowerWall Street opens sharply lower
Nick FletcherNick Fletcher
US markets have followed the rest of the world lower after the Federal Reserve’s concerns about economic growth.US markets have followed the rest of the world lower after the Federal Reserve’s concerns about economic growth.
The Dow Jones Industrial Average has lost more than 200 points or 1.2% in early trading, while the FTSE 100 is now 1.6% lower and Germany’s Dax has dropped 3.49%, with investors worried about euro strength against a weaker dollar hitting European exporters.The Dow Jones Industrial Average has lost more than 200 points or 1.2% in early trading, while the FTSE 100 is now 1.6% lower and Germany’s Dax has dropped 3.49%, with investors worried about euro strength against a weaker dollar hitting European exporters.
Dow opens down more than 200 points http://t.co/Mnt63OLRu6 pic.twitter.com/Ds2IKg7tMGDow opens down more than 200 points http://t.co/Mnt63OLRu6 pic.twitter.com/Ds2IKg7tMG
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at 2.36pm BSTat 2.36pm BST
2.31pm BST2.31pm BST
14:3114:31
2.30pm BST2.30pm BST
14:3014:30
The Wall Street opening bell has been rung, and the New York stock market is open for business.The Wall Street opening bell has been rung, and the New York stock market is open for business.