LONDON, July 26 - European stocks and U.S. futures rebounded on Friday as markets stabilised after a week in which global equities have tumbled almost 2%, while the dollar regained ground against the yen ahead of U.S. inflation data.
Investors were awaiting the release of the U.S. personal consumption expenditures index for June, the Federal Reserve's preferred measure of inflation, at 1230 GMT . Investors have snapped up smaller companies that are more closely tied to the economy and affected by borrowing costs. At the same time, they have ditched popular artificial intelligence plays such as Nvidia , , helping to pull down global stocks , by 1.7% this week.
The yen has been drive higher by expectations that the Fed could cut while Japan raises rates in the coming months, as well as by suspected BOJ intervention earlier this month.
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:
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.
Why bad news is good news in a bull market: Stocks in TranslationThe major indexes (^DJI,^GSPC, ^IXIC) are in a record-smashing year as bullish calls on the S&P 500 pile up. RBC recently revised its S&P 500 (^GSPC) target ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
BlackRock bullish on U.K. stocks after elections, Japan stocks are top playBlackRock Investment Institute said in a mid-year outlook report that the prospect of higher-for-longer interest rates made inflation-linked bonds attractive
Source: globeandmail - 🏆 5. / 92 Read more »
Stock market news today: Stocks slip en route to sharp weekly losses for S&P 500, NasdaqStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: Nasdaq leads stocks higher after Biden backs outInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: US stocks wobble amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: US stocks slip ahead of Alphabet, Tesla resultsA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »