Premarket: Global stocks retreat after record highs

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 39 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 92%

Newsletter Nouvelles

Marketupdate,Tsx,Stocks

Bond market borrowing costs and the U.S. dollar rose after the Fed nudged back rate cut expectations

World stocks retreated from record highs on Thursday, as the feel-good factor of slowing U.S. inflation and somewhat comforting Fed signals made way for a fresh bout of politics- and tariffs-induced weakness in Europe.

A drop in bank stocks as well not only pointed to the market’s changed outlook on rates but also the uncertainty caused by this week’s sharp swing to the right in EU elections and France’s decision to call a snap parliamentary election. “And protectionism is something that got quite a bit of traction during the EU elections campaigns,” he added.

Wall Street futures were pointing to further gains there later, with the S&P expected to open 0.2 per cent higher and the Nasdaq 0.6 per cent better off. The closely watched CPI report earlier in the day had showed core U.S. prices growing at their slowest annual pace in over three years last month and analysts also took the view that those figures wouldn’t have been ready in time for the Fed’s forecasts.

 

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:

 /  🏆 5. 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.

Premarket: Global stocks wilt after U.S. bond yield jump as rate cut doubts resurfaceU.S. yields climbed after consumer confidence data came in stronger than expected and Fed’s Neel Kashkari said further rate hikes were still a possibility
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Global stocks slide ahead of U.S. Fed minutes while crypto soarsGold eased back from Monday’s all-time peak, while crude oil declined on worries of U.S. interest rates staying high for longer
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Global stocks drift after Fed officials hint interest rates may not fall soonLatest data show that U.S. labour market remains tight; U.S. futures pointing lowewr
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Stocks advance ahead of Fed rate decision and U.S. inflation dataGreenback held firm ahead of a key U.S. inflation report and Federal Reserve policy decision that could determine the near-term outlook for interest rates
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Stocks test footing ahead of U.S. inflation data, Fed meetingEuropean assets looked to stabilize a day after the announcement of a snap election in France had driven them lower
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Stocks idle ahead of Fed’s preferred inflation figureGreenback steady against peer currencies ahead of inflation data
La source: globeandmail - 🏆 5. / 92 Lire la suite »