US stocks notch biggest gains in two years on improved inflation data

New York — US stocks jumped, the dollar tanked and Treasury yields tumbled on Thursday as cooler-than-expected inflation data suggested the Federal Reserve's barrage of interest rate hikes are beginning to have their intended effect.

“I’m surprised at the gain relative to the slight drop in inflation,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. “There must have been a lot of money sitting on the sidelines.” “It’s a powerful sign that maybe what the Fed and central banks around the world are doing is going to work.”

Emerging market stocks lost 0.49%. MSCI’s broadest index of Asia-Pacific shares outside Japan closed 0.21% higher, while Japan's Nikkei lost 0.98%. The dollar tumbled against a basket of world currencies as the prospect of post-peak inflation lured investors away from the safety of the greenback.

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.

Business Maverick: Asian stocks fall, crypto bounces before CPI: markets wrapAsian stocks weakened after US shares fell and cryptocurrencies arrested a sharp decline that sapped risk appetite ahead of crucial inflation data due later on Thursday.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

Business Maverick: US Stocks Roar Higher as Yields Plunge on Soft CPI: Markets WrapUS stocks surged by the most in two years and Treasuries rallied after data showing prices rose slower than forecast fueled bets the Federal Reserve can dial back its aggressive tightening efforts.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

MARKET WRAP: JSE and rand surge as US inflation surprisesInvestors welcome much better-than-expected US CPI data, raising hopes the Fed will take a more dovish stance on rates
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

Market welcomes US inflation data[LISTEN] Viv Govender of Rand Swiss discusses today’s market movements, US CPI, the rand, and whether the worst is behind us, on the SAfm Market Update with Moneyweb. inflation Fed Download the podcast
La source: Moneyweb - 🏆 5. / 77 Lire la suite »