Easing hopes prop up global stocks, pound sags as Britain eyes new PM

TOKYO - Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.

European stocks had also nudged higher on Monday with the European Central Bank seen cutting rates by 10 basis points on Thursday.“The likelihood of easing by the Fed is supportive for equity markets, but the probability of a 25 basis point rate cut has already been factored in for the most part,” said Soichiro Monji, senior strategist at Sumitomo Mitsui DS Asset Management.

Sterling was under pressure due to the likelihood of eurosceptic Boris Johnson becoming Britain’s next prime minister.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Forget 'FAANG' growth stocks, one technical analyst touts 'BAANG' stocks for a new, scarier eraA group of gold miners stocks 'BAANG' are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research. It’s actually TANG What happened to WANG Targeting capital gains should only be the begininng. CNBC and their tax reporter us paid heavily to keep the tax cuts going for the mega tich. Sickening scumbags
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »