Bear market kept at bay as S&P futures lift

📆 13/05/2022 07:05 م
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‘A lot of fund managers have cut their equity allocations and raised cash, though we think this is a correction rather than a bear market’

The bear and bull statues outside the Frankfurt Stock Exchange. Picture: BLOOMBERG/ALEX KRAUS

Powell repeated his expectation of half-percentage-point interest rate rises at each of the Fed's next two policy meetings, while pledging that “we're prepared to do more”. S&P futures jumped 1.09% after the S&P index dropped 0.13% overnight, though the index is still eyeing a sixth straight week of declines.

Investors liquidated global equity funds worth $10.53bn in the week ended May 11, compared with $1.65bn of net selling in the previous week, according to Refinitiv Lipper. The dollar rose 0.47% to ¥128.83, while the euro was steady at $1.038, above Thursday’s five-year lows.

اكتب تعليق

This idea that 20.1% down is a bear market and 19.9% is not a bear market is probably one of the dumbest ideas that somehow persists.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Dollar hovers near 2-decade high as CPI keeps aggressive US rate hikes likely - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The US dollar held near a two-decade high on Wednesday after US inflation moderated less than markets had expected, keeping the Federal Reserve on course to tighten policy aggressively.
مصدر: SABCNews - 🏆 37. / 51 اقرأ أكثر »