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...Jagjit S ChadhaDirector, National Institute of Economic and Social Research, London SW1, UK...
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...The S&P 500 closed at record high for the second session in a row after Federal Reserve officials maintained projections to cut interest rates by 0.75 percentage points this year....
...Stock markets in Asia were muted in early trading on Wednesday despite the US S&P 500 closing at a record high....
...The benchmark S&P 500 index rose 0.5 per cent in a broad rally, with tech and real estate the best-performing sectors. Nearly two-thirds of stocks closed higher....
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