Hong Kong stocks jumped after a one-day break and Australian, Japanese and South Korean shares rose as improving risk sentiment dragged global equities from oversold levels. US and European stock futures inched lower after the S&P 500 jumped 3.1% on Tuesday and the Euro Stoxx 50 enjoyed its best day since March. Elon Musk revived his $44-billion bid for Twitter, which soared 22%.
A Fed official speaking on Tuesday indicated further tightening ahead for the US central bank, dousing hopes that peak interest rates may be near. “There are a lot more bonds for sale,” Gibbs said. “That pushes prices down and yields up. That would make bonds more attractive than equities and put more and more headwinds on equities.”
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.
Source: dailymaverick - 🏆 3. / 84 Read more »