MSCI's World Stock Index touched a five-week high, while Asian shares rallied.
"The MSCI world equity index is now nearly 10% off its lows – a move that has been helped by some stability in Europe and probably the very high cash and underweight equity positions held by the investor community," said Chris Turner, global head of markets at ING. The Bank of Canada is widely expected to raise rates by another 75 bps later in the day to contain stubbornly high inflation.Chinese shares recovered some ground after a sharp selloff on Monday sparked by concerns that President Xi Jinping's new leadership team, revealed on Sunday, will prioritise the state at the cost of the private sector, and keep tough zero-COVID policies in place possibly into next year.
U.S. data on Tuesday showed slowing home price growth and souring consumer confidence, with some signs that the Fed's aggressive rate hikes are starting to cool the labour market.
Lol, Nq are about to break to so low levels we all cryes, going to dra spy with it. Fang start to pops on the downside, Imagine how many Companys in the compostit that is dependent on them
'hopes'.. nice
HOPE ...
Great news 🚀🚀💸💸👌✌️🤟 fedpivot
Umm. Look at futures. This is WRONG
massive drop on its way, liquidation hunting
Rallying this much on hopes? Is there more to it? Are pivots inevitable at this point?
Invest........don't trade
Investors should not live on hope, but live on facts