Remy Blaire brings the latest business headlines from the New York Stock Exchange as markets close for trading on Monday, March 18.
Full video transcript below:
REMY BLAIRE: I'm Remy Blaire, reporting from the New York Stock Exchange.
stocks are nervous ahead of the Federal Reserve's March policy meeting. Investors are looking forward to the two-day meeting, with a decision on interest rates scheduled for March 20. Markets widely expect the central bank to keep interest rates stable; The Fed last raised rates in July 2023. Markets are currently pricing in a nearly 50 percent chance of rate cuts in June.
In other news, a new report from the Milken Institute shows that the top country for investors is Denmark. The Institute's Global Opportunity Index uses 100 indicators, in five categories, to determine where investors prefer to keep their money. Those five categories are business perception, economic fundamentals, financial services, institutional framework, and international standards and policies.
Denmark ranked first for business perception and third for economic fundamentals. Rounding out the top five are Sweden, Finland, the United States and the United Kingdom. The United States moved up one place in this year's rankings and earned the top score in the institutional framework category.
China, the world's second-largest economy, ranked 39th on the list. According to the report, “while China attracted more than half of total capital inflows to emerging and developing Asia between 2018 and 2022, its attractiveness to investors appears to have waned recently, likely due to rising geopolitical tensions with the United States.” ”.
That will be enough for your daily report. From the New York Stock Exchange, I'm Remy Blaire of TheStreet.
