U.S stocks gain as rate-pause signals lift sentiment - BNN Bloomberg

The Stoxx Europe 600 Index posted a modest gain after European Central Bank's Governing Council member Francois Villeroy de Galhau said the bank has already finished most of its interest-rate increases. Contracts for U.S. stocks pointed to a recovery after the S&P 500 and tech-heavy Nasdaq 100 closed Wednesday near session lows. Treasury yields stayed in a narrow range, with the two-year at 3.96 per cent.

“There is sufficient uncertainty for most people to see what they want to see,” said James Athey, investment director at Abrdn. “Equities are taking comfort from the lack of outright 'bad news' from the CPI print and the fact that the Fed is still sounding dovish relative to” February, when Fed Chair Jerome Powell suggested borrowing costs may reach a higher peak than traders and policymakers anticipate.

“Yes, they talked about recession, but they talked about the mild recessions. So no hard recession so far coming from these SVB fallouts,” Charles-Henry Monchau, chief investment officer at Syz Group, told Bloomberg Television, referring to the turmoil triggered by Silicon Valley Bank's collapse.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Oil advances with equities as risk-on sentiment drives market - BNN Bloomberg​Oil rose as appetite for risk assets pushed broader markets higher, ahead of key data this week that will shed light on supply-demand trends following the surprise OPEC+ production cuts.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Stocks gain with U.S. futures as bank earnings loom - BNN Bloomberg​U.S. equity futures took their cue from a positive day in Europe and Asia, even as investors braced for inflation data and corporate results that could confirm fears about the health of the financial system.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »