wobbled
Ahead of that, the Commerce Department is due to release advance estimates of U.S. fourth-quarter gross domestic product later on Thursday, with expectations thatbecame the first major central bank to say it was ready to pause or end its tightening cycle, with markets now hoping that other central banks will hint next week at a similar mindset, analysts said.
"What the market is really looking for is what the Fed will say next week in terms of how many hikes they have in mind," Laureline Renaud-Chatelain, fixed income strategist at Pictet Wealth Management, who expects a 25-basis point hike at next week's Fed meeting. "We believe the Fed will make a special effort to avoid suggesting that the end of the tightening process is in sight," said Kevin Cummins, chief economist at NatWest Markets.Asian equities rose to a fresh seven-month high, with Hong Kong shares playing catch-up to other markets' gains as trade resumed after its three-day Lunar New Year holiday.climbed 1.1% and was set for its fifth straight day of gains.
Why do I get the feeling that professional traders in the stock market have their foundation in an emotional roller coaster and selfish wishful feelings instead of looking at the developing facts that are occurring in the economy.