News Formal

U.S. stocks set for best month since 2020; Dollar falls - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

Stocks in the US and Europe are set for their biggest monthly advance since November 2020 on positive earnings and expectations of shallower Federal Reserve monetary tightening.

Nasdaq 100 futures added more than 1 per cent after the US stock market hit a seven-week high Thursday. Amazon.com Inc. and Apple Inc. rose in premarket trading after both companies beat revenues estimates.

The tone was more somber in Asia, hampered by a tumble in Chinese tech shares that dragged Hong Kong toward a correction of more than 10 per cent from a June high. US-listed Chinese stocks fell in premarket trading, following a downbeat economic growth assessment from China’s top leaders and a lack of new stimulus policies.

Meanwhile, the euro-zone economy expanded by more than three times the amount economists expected, putting it on a firmer footing as surging inflation and a possible Russian energy cutoff threaten to tip it into a recession. Inflation in the region climbed to another all-time high, supporting calls for the European Central Bank to follow up its first interest-rate hike since 2011 with another big move.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks push higher amid bets on slower Fed hikes - BNN BloombergStocks rose on Thursday as the prospect of a slower pace of Federal Reserve monetary tightening filtered across global markets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Analyst urges 'caution and patience' on alternative lending stocks - BNN BloombergThe rapidly-changing dynamics of the mortgage market have pressured alternative lending stocks this year, leading one analyst to warn there could be more room for their share prices to continue falling in the coming months.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

U.S. stocks push higher amid bets on slower Fed hikes - BNN BloombergStocks rose on Thursday as the prospect of a slower pace of Federal Reserve monetary tightening filtered across global markets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »