Stocks enjoy a bounce from rate-cut fever

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Stocks enjoy a bounce from rate-cut fever

LONDON -Global shares rose to one-month highs on Friday while the dollar held steady, giving commodities a boost, after softer U.S. jobs data gave investors confidence that interest rates will start to decline this year.

But rather than putting the brakes on the stock market, the numbers are giving investors confidence in the ability of the Federal Reserve to cut interest rates this year, as central banks in Europe have started to lower borrowing costs.rose 0.9% towards record highs on Friday, heading for one of its strongest weekly performances this year. U.S. stock futures were up 0.4-0.5%.

Hotter-than-expected inflation reports last month quashed any lingering expectations of near-term U.S. rate cuts. Markets are now fully pricing in a cut only in November though there is still a chance of the Fed moving in September. The yen remains in focus after last week's suspected rounds of interventions from Japanese authorities totalling nearly $60 billion aimed at pulling the yen off its 34-year lows of 106.245 per dollar touched on April 29.

 

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:

 /  🏆 450. in BUSÄ°NESS

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.

Status of the stocks: Record-low number of stocks on overfishing list in 2023Ongoing positive trends continued into last year
Source: NOAA - 🏆 160. / 63 Read more »

Top 10 Stocks to Buy as CPI Inflation Comes Roaring BackStocks Analysis by Investing.com (Jesse Cohen) covering: Gen Digital Inc, State Street Corp, Cleveland-Cliffs Inc, Humana Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

These 'all-weather stocks' can thrive in any economy and provide strong long-term returns, according to UBSWatch these compounder stocks that can grow no matter the economic cycle, UBS says.
Source: CNBC - 🏆 12. / 72 Read more »

Consumer Price Inflation Sends Stocks LowerSlightly hotter than expected consumer price inflation causes bond yields to soar and stocks to sharply decline.
Source: CNBC - 🏆 12. / 72 Read more »

Comeback candidates: Goldman loves these underperforming stocks with strong fundamentalsGoldman Sachs shared its list of buy-rated stocks that have the potential to come back big time.
Source: CNBC - 🏆 12. / 72 Read more »