Stamford, Connecticut – 30th July 2015 – (Techsonian) – Fed policymakers voted Wednesday to leave interest rates unchanged and gave no indication a rise was imminent. The Fed said the U.S. economy is improving but signaled that it wants to see further economic gains and higher inflation before raising rates. Many investors expect the Fed will still lift rates in September or December, but its statement gave no timing for the raise. Low interest rates have been good for stock investors, helping fuel a bull market that has lasted more than six years.
Stocks were boosted by a strong batch of corporate earnings. Gilead Sciences rose 2.3 percent after its profit jumped 23 percent, helped by its new hepatitis C medicine Harvoni. Northrop Grumman led defense companies higher after it posted a stronger-than-expected profit in the second quarter and raised its outlook for the year. Northrop’s stock jumped 6.2 percent, its biggest one-day gain in at least five years.
Komatsu Ltd (ADR) (OTCMKTS:KMTUY) engages in the development, manufacture, marketing, and sale of various industrial-use products and services under the Komatsu brand worldwide. Its Construction, Mining, and Utility Equipment segment offers excavating equipment, such as hydraulic and mini excavators, and backhoe