© Reuters. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease outbreak, walks past an electronic board displaying stock market data outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon/LONDON/TOKYO - World stocks headed for a fourth straight week of gains on Friday as investors scaled back views on how far U.S. interest rates and inflation can climb, while oil recouped some of the previous week's losses.
"I wouldn't be surprised if we have a good finish into the weekend," he added, though he said investors remained cautious.gained 0.53% after the S&P index closed down 0.07%.climbed 0.56% and was eyeing a near-1% rise on the week. However, San Francisco Federal Reserve Bank president Mary Daly said on Thursday that while a 50 basis point rate hike next month"makes sense" given economic data, she'd be open to a bigger hike if necessary. The rate is currently in the 2.25%-2.5% range.
"There are too many uncertainties to know the path of oil and other CPI prices ahead, but the peak of inflation is clearly behind us," Nikko Asset Management chief global strategist John Vail wrote in a note.
James_Harvey001 What could possibly go wrong?
That flies in the face of all things logical. You should try charting it yourself and showing me my error. Got technicians?
Whyy is the media silent about thiss?