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Global shares decline ahead of Fed decision on rates

September 21, 2022

Via: ABC News

Global shares mostly declined Wednesday as investors looked ahead to a widely expected interest rate hike by the U.S. Federal Reserve to try to tamp down the highest inflation in decades.

France’s CAC 40 fell nearly 0.1% in early trading to 5,974.93, while Germany’s DAX lost 0.2% to 12,648.87. Britain’s FTSE 100 gained 0.6% to 7,235.02. The future for the Dow industrials was up 0.1% at 30,828.00. The S&P 500 future rose 0.1% to 3,875.75.

Japan’s benchmark Nikkei 225 dipped 1.4% to finish at 27,313.13. Australia’s S&P/ASX 200 dropped 1.6% to 6,700.20. South Korea’s Kospi lost 0.9% to 2,347.21. Hong Kong’s Hang Seng shed 1.8% to 18,444.62, while the Shanghai Composite slipped 0.2% to 3,117.18.

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