While you were sleeping: Refreshed growth bets

Mon, 02 Nov 2015

By Margreet Dietz Nov. 3 (BusinessDesk) - Wall Street moved higher after the latest data on steady manufacturing in the US and the euro-zone bolstered optimism about the outlook for global growth. Last week US policy makers reminded investors it might raise interest rates at the Federal Open Market Committee meeting in December. Futures traders now see a 50 percent chance the Fed will increase rates in December, up from 33 percent a month ago, according to Bloomberg. The recent data also kept alive those bets. A report by the Institut...

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