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BEIJING (AP) — Global stocks rose today, a day after the Fed raised short-term interest rates by a quarter of a percentage point. On Wall Street, the future for the Dow industrials rose 0.3 percent and that for the S&P 500 gained 0.2 percent. Benchmark U.S. crude rose 60 cents to $49.46 per barrel in electronic trading on the New York Mercantile Exchange.
UNDATED (AP) — China's central bank raised short-term interest rates following the U.S. rate increase as Beijing tries to shore up the value of its currency and stanch an outflow of money. Hong Kong's central bank copied the Fed by raising its benchmark lending rate by one-quarter point to 1.25 percent. Japan's central bank held monetary policy steady.
WASHINGTON (AP) — There are two reports from the Labor Department being released today. One deals with weekly jobless claims; the other is the January survey on job openings and labor turnover. Also, the Commerce Department will release its report on housing starts for February and Freddie Mac will release this week's mortgage rates.
FRANKFURT, Germany (AP) — President Donald Trump has vowed to get tough on trade partners like China, Mexico and Germany. Now his Treasury chief, Steven Mnuchin, will get his first opportunity to confront them all in one room. Mnuchin is attending a meeting of the 20 most powerful economies' finance ministers this week in Germany.
BERLIN (AP) — German carrier Lufthansa is reporting a 4.6 percent rise in annual profit for 2016, despite a series of costly labor disputes. The airline says its net profit rose to 1.78 billion euros ($1.89 billion) last year, compared with 1.7 billion euros in 2015.
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