U.S. stocks push higher amid bets on slower Fed hikes - BNN Bloomberg

Investors are turning their focus to the busiest day of the earnings season along with key economic data.

The Fed raised rates by 75 basis points for a second month, saying such a move is possible again and reiterating its desire to curb inflation. Chair Jerome Powell added the pace of hikes will slow at some point and policy will be set meeting-by-meeting. That shift comes amid signs of an economic slowdown.

US and European firms worth more than US$9.4 trillion will report their results on Thursday. The latest US earnings were mixed, with Facebook parent Meta Platforms Inc. posting its first ever quarterly sales decline as Ford Motor Co. beat estimates. Barclays Plc’s earnings fell short of forecasts after the bank booked charges and penalties in the US.

Meanwhile, confidence in the euro-area economy fell to the weakest in almost 1 1/2 years as fears of energy shortages haunt consumers and businesses, and the European Central Bank’s first interest-rate increase in a more than decade feeds concerns that a recession is nearing.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Growth stocks will make a quick comeback before crashing again - Chris Vermeuelen
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »

TSX closes down as Shopify slumps, global stocks wobble‘It is really shining a light on the real growth slowdown that we’re seeing here, in particular in e\u002Dcommerce’
La source: VancouverSun - 🏆 49. / 61 Lire la suite »

Asian stocks follow Wall Street ahead of likely U.S. rate hikeAsian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the U.S. Federal Reserve to cool inflation.
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Asian stocks follow Wall Street lower before likely U.S. rate hikeAsian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation.
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Shopify rallies with tech stocks despite weaker earnings outlook - BNN BloombergShopify rallied, reversing losses in premarket trading, as Chief Executive Officer Tobi Lutke urged investors to overlook the slowdown in e-commerce and focus on the company’s longer-term growth strategy.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Walmart profit warning hammers retail stocksIndustry bellwether stokes fears in struggling sector A warning flag of the next recession
La source: globeandmail - 🏆 5. / 92 Lire la suite »