U.S. stocks mixed before earnings, Central bank moves - BNN Bloomberg

Europe's Stoxx 600 index fluctuated, while U.S. futures declined after posting their best two-week rally since November 2020. Chipmakers and Chinese stocks listed in the U.S. fell in premarket trading.

The yield on the 10-year Treasuries rose to 4.06 per cent after surging by nine basis points on Friday. Yields on U.K. gilts also advanced ahead of what could be the Bank of England's biggest interest-rate hike in more than 30 years. Euro-area inflation surged to a fresh all-time high, while the bloc's economy lost momentum -- reinforcing fears that a recession is now all-but unavoidable. That's after a core gauge of U.S. inflation accelerated in September, bolstering the case for more tightening.

Economists surveyed by Bloomberg expect Fed officials will maintain its hawkish stance, laying the groundwork for interest rates reaching around 5 per cent by March 2023, potentially leading to a U.S. and global recession.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks rise as traders await Fed; dollar declines - BNN BloombergThe dollar and Treasury yields fell as investors awaited the Federal Reserve's policy meeting. Stocks and U.S. equity futures rallied.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

U.S. stocks steady ahead of Fed meeting; Dollar falls - BNN BloombergEquities erased early gains ahead of the Federal Reserve's policy meeting Wednesday. A gauge of the dollar fell and gold rose.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

U.S. stocks pare weekly loss on China reopening rally - BNN BloombergGlobal equities trimmed a weekly loss as Chinese shares surged amid signs that authorities are trying harder to ease the impact of its COVID-Zero policy. Treasuries were little changed before U.S. payrolls data.
Source: BNNBloomberg - 🏆 83. / 50 Read more »