U.S. stocks climb after Yellen eases recession fears - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 50%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

U.S. stocks resumed a rally as investors weighed bets the Federal Reserve is approaching the end of its interest-rate hikes against evidence pointing to a slowdown in China's economy.

Yields tumbled after ECB Governing Council member Klaas Knot said monetary tightening beyond next week’s meeting is anything but guaranteed. The yield on 10-year German securities fell as much as 8 basis points to 2.4%, a two-week low.

Last week JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. delivered upbeat results through a quarter that included regional banking tumult and ongoing interest-rate hikes amid inflation concerns. “It’s clear that it’s the receding inflation narrative which is driving everything,” said Gilles Guibout, a portfolio manager at Axa Investment Managers in Paris. “Investors are feeding on hope: hope that US rates will get down sooner and hope that China will launch a stimulus package to beef up consumption.

European equities ticked higher after the steepest losses in more than a week Monday. Ocado Group Plc was the best performer on the Stoxx 600, rising as much as 16% after the UK online grocer’s first-half earnings topped estimates.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in BE

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.

U.S. stocks struggle as China weakness tempers risk-on - BNN BloombergLuxury and commodity stocks drove European stocks to their first decline in seven days on concerns about China's sluggish economy.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »