Stocks take a knock on central banks joining Fed’s long game with hikes

London/Tokyo — Global shares slid for a second day on Thursday as major central banks deliver their final policy decisions of the year, with the US Federal Reserve signalling that it expects interest rates to stay higher for longer.

And next up is the Bank of England, which is expected to raise rates by half a point to 3.5% at 1200 GMT. Just more than an hour later, the European Central Bank will also announce its rate decision. “It seems to be a recurring pattern and I would imagine one that’s going to continue as we go through Q1 of 2023 as well, so it’s a combination of a market getting ahead of itself and some profit-taking, but I don’t think it’s necessarily the start of an ominous downward trend,” she said.

In Europe, equities tumbled and bond yields ticked higher. The STOXX fell by 1.2% as heavyweight stocks across sectors sank.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

International Finance: Asia stocks benchmark clings to gain before Fed: markets wrapA gauge of Asian stocks eased from its session highs, mirroring moves seen on Wall Street, as investors weighed a slowdown in US inflation ahead of the Federal Reserve’s policy decision.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Stocks Trim CPI-Fueled Gains With Fed Set to Hike: Markets WrapUS stocks trimmed a rally sparked by an unexpectedly strong slowdown in price growth last month, as attention turned to whether the Federal Reserve will alter its aggressive approach to battling inflation.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: US Stocks Rise Ahead of Fed; Short-Term Bonds Gain: Markets WrapUS stocks advanced and short-term Treasuries gained as investors debated whether inflation had eased enough to encourage the Federal Reserve to slow monetary tightening.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

International Finance: Asian stocks fall, dollar edges up on hawkish Fed: markets wrapAsian stocks followed US equities lower after the Federal Reserve signalled interest rates will climb higher than anticipated next year.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »