Dollar firm before Fed, automakers rally on Honda-Nissan talks

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Dollar firm before Fed, automakers rally on Honda-Nissan talks - Channel News Asia

Quick Summary:

LONDON : Global shares and the U.S.dollar edged up on Wednesday as investors made last-minute adjustments to portfolios in the countdown to the year's final flurry of central bank meetings, while news of a potential Nissan-Honda tie-up lifted car stocks.

French manufacturer Renault was the stand-out performer, rising more than 6 per cent, as the company owns a large stake in Nissan.Paris' CAC 40 was up 0.

The Fed is expected to cut rates by a quarter point, but to signal a cautious approach to loosening monetary policy next year.