US inflation data boosts global stocks, lowers Treasury yields

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 33 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 118%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

NEW YORK, July 26 - A gauge of global stocks rose and was on track for its best daily performance in six weeks on Friday as equities steadied after a sharp selloff and U.S. economic data showed an improving inflation landscape, sending Treasury yields lower.

"Overall, it's been a good week for the Fed. The economy appears to be on solid ground, and PCE inflation essentially remained steady," said Chris Larkin, managing director, head of trading and investing at E*Trade from Morgan Stanley in New York. However, megacap names also showed signs of stabilizing, with the Nasdaq up more than 1% after three straight days of declines that sent the index down nearly 5%.

MSCI's gauge of stocks across the globe , rose 7.15 points, or 0.90%, to 803.93. The MSCI index was on track for its biggest daily percentage gain since June 12 but was on pace for its second straight weekly fall.

 

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:

 /  🏆 13. in BUSİNESS

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.

3 gold stocks to watch ahead of inflation dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Argo Digital Gold gets strategic investment from Paxos and WonderFi for new platformThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »