European Stocks Set to Rebound After Bank of England Placates Markets

📆 9/29/2022 7:30 AM
📰 nbcchicago

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European stocks are heading for a higher open on Thursday after the Bank of England stepped in to calm the markets.

Wells Fargo's Chris Harvey expects stocks to continue their upward move.

As the cost of capital rises and prices hover near record highs, the consensus is increasingly coming to believe that a Fed-induced recession is unavoidable, Harvey said. The 10-year Treasury yield last dropped 23 basis points to 3.733%, or the most it's dropped since 2020.

Write Comment

BOE intervention only a Bandaid ❗❗

Pensions on the line that's incredible , quantitative easing 🙄 that won't last

Just like our FED with MBS. America still is addicted to free money. Now BOE just said the party is just starting again.

the BoE Put

You mean sells out its residents.

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Source: MarketWatch - 🏆 3. / 97 Read more »