Stocks rally stalls, eyes on Powell testimony for US rate clues

A man reads a magazine in front of a stock index board at a bank in Bangkok, Thailand October 17, 2016. REUTERS/Edgar Su/File PhotoTwo-year UK gilt yield crosses 5% ahead of BoE meeting ThursdayChina expected to ease monetary policy after growth disappoints

Hopes that the Fed will end its most aggressive rate increase campaign in decades are boosting global stock indices dominated by the U.S. tech megacaps that tend to outperform when risk appetite is buoyed by easier monetary policy.have flowed into big tech in recent weeks, with analysts citing the productivity-improving potential of artificial intelligence for the rally.

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.

Asian stocks pause rally, eyeing China stimulus, Powell testimonyInvestors are looking ahead to China's rate decision and Fed testimony from Jerome Powell.
Source: Reuters - 🏆 2. / 97 Read more »

Stocks rally stalls, eyes Powell testimony for rate cluesInvestors are looking ahead to China's rate decision and Fed testimony from Jerome Powell.
Source: Reuters - 🏆 2. / 97 Read more »

China's yuan to get boost as Hong Kong stocks priced in mainland currencyHong Kong-listed stocks are about to be priced in yuan, giving China's currency another boost
Source: BusinessInsider - 🏆 729. / 51 Read more »

Alibaba, other tech stocks drop as Goldman downgrades China growth forecastChina stocks had a rough ride on Monday, as Goldman Sachs piled on worries over growth and investors fretted the country won't move fast enough with stimulus.
Source: MarketWatch - 🏆 3. / 97 Read more »