Premarket: Stocks firm as U.S. upbeat outlook absorbs geopolitical shocks

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 92%

Newsletter Nouvelles

Marketupdate,Tsx,Stocks

South Korea stocks skid, Wall Street futures flat

Global shares held steady on Monday, as investors took geopolitical tumult in their stride, leaving oil and gold modestly higher, while the dollar edged up ahead of U.S. inflation data this week that could cement a December rate cut.

Friday’s U.S. monthly employment data, which was strong enough to soothe any concerns about the resilience of the economy, but not so robust as to rule out a rate cut from the Federal Reserve next week, acted as a shock absorber. “The interesting thing is the ‘Trump rally’ has just continued, with no pullback and no opportunities for fresh longs to come in. You have to pay up or you’re missing out. That is very much the feeling of this market at the moment,” he said.

Markets now imply an 85% chance of a quarter-point cut at the Dec. 17-18 meeting, up from 68% ahead of the jobs figures, and have a further three cuts priced in for next year. This week is chock-full of central bank meetings, aside from the ECB. The Swiss National Bank could cut rates by as much as half a point given slowing inflation, as is Canada’s central bank when it meets on Wednesday following an unexpected rise in unemployment for November.

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
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

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: Stocks push higher, U.S. dollar pauses as markets await Trump appointmentsNvidia earnings on Wednesday may set near-term tone for stocks
La source: globebusiness - 🏆 31. / 66 Lire la suite »

Premarket: Global stocks rise with cooling geopolitics ahead of Nvidia earningsWall Street futures up, U.S. dollar steady
La source: globebusiness - 🏆 31. / 66 Lire la suite »

Premarket: Global stocks sputter as Nvidia’s growth slows, bitcoin hits new highRussia-Ukraine concerns lift gold, oil
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Premarket: Euphoria all around as Bitcoin vaults above $100,000, stocks hit record highsMSCI’s world stock index jumps
La source: globebusiness - 🏆 31. / 66 Lire la suite »