NEW YORK/LONDON, May 8 - A gauge of global equity performance faltered on Wednesday as investors await new inflation data to assess the course of potential Federal Reserve interest rate cuts, while the dollar edged higher on expectations of U.S. economic out-performance.
The main concern among traders and investors is whether inflation is on course to reach the U.S. central bank's 2% target and when Fed Chair Jerome Powell might cut rates. "The takeaway from last week was that Powell was not quite as hawkish as many investors were setting him up to be." But stocks have rallied in May, partly encouraged by last week's nonfarm payrolls, which showed a cooling in the hot U.S. labor market but remained stronger than pre-pandemic data.
In currency markets, the yen dropped 0.56% to 155.54 per dollar even after Bank of Japan governor Kazuo Ueda said the central bank may take monetary policy action if currency falls affect prices significantly. U.S. Treasury yields have fallen in recent days as traders have moved to price back in two rate cuts from the Fed this year, having seen one as most likely in the middle of April. The 10-year yield, which moves inversely to its price, was 1.8 basis points higher at 4.48%.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »