Stock market rises, awaits cues on US inflation

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 55%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Local stocks edged higher Monday as investors await cues on US inflation and interest rates. The 30-company Philippine Stock Exchange

Local stocks edged higher Monday as investors await cues on US inflation and interest rates.

Overseas investors anticipate the release of US August inflation rate, producer price index and retail sales. Traders have been in retreat over the past week after a string of readings suggested the economy and labor market remained resilient despite more than a year of monetary tightening. “The data remains indicative of the fact that even if the Fed were to pause in September, they would potentially not close the doors to further tightening,” said Saxo Group’s Redmond Wong.

US Treasury Secretary Janet Yellen looked to calm worries that the long-running rate hikes would cause a recession in the world’s top economy, saying she was optimistic it was on course for a soft landing. The yen has tumbled around 10 percent owing to the BoJ’s refusal to move away from its ultra-loose monetary policy, even as the Fed pushed borrowing costs to a two-decade high.

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

 /  🏆 20. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

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

Local stocks rise as investors await US dataLocal stocks edged higher Monday as investors await cues on US inflation and interest rates. The 30-company Philippine Stock Exchange
مصدر: MlaStandard - 🏆 20. / 55 اقرأ أكثر »

DTI launches ‘FiestaKusta’ to promote local creative industry in Central VisayasTHE Department of Trade and Industry (DTI 7) hosted its first 'FiestaKucha Cebu': Regional Creative Festival in Central Visayas in order to recognize and gain greater support from...
مصدر: sunstaronline - 🏆 18. / 59 اقرأ أكثر »