Stocks gain at start of week packed with earnings and rate decisions

NEW YORK/SYDNEY, July 29 - Global stocks broadly gained on Monday in a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to interest rate cuts, while Japan might lift borrowing costs in a step toward"normality".

The U.S. Treasury will outline its bond sale plans for the quarter, while China's politburo meeting could produce more stimulus following surprise rate cuts last week. "The FOMC is set to hold steady but is likely to revise its statement to hint that a cut at the following meeting in September has become more likely," wrote analysts at Goldman Sachs in a note.

Investors are less sure whether the Bank of England will ease at its meeting on Thursday, with futures showing a 51% probability of a cut.The Nasdaq and the S&P 500 rose on Monday, buoyed by megacap stocks, while the Dow Jones , opens new tab fell.

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 wobble to kick off huge week for marketsInvestors are bracing for a big week filled with a Fed rate decision, the jobs report and Big Tech earnings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks steady after steep Big Tech-led sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks whipsaw after steep Big-Tech sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks set for rebound as investors wait for key inflation dataInvestors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »