Premarket: Global stocks extend record run, pound steady as U.K. votes

World stocks clocked up more record highs on Thursday after U.S. data had narrowed the odds on a September Fed interest rate cut, while Europe was on politics watch again as UK voters headed to the polls in national elections.

That is partly because political risk has surged in the likes of France which holds the second round of its parliamentary elections in three days’ time, and in the United States ahead of its Presidential vote in November. France’s bond yields, which move inverse to price and are a proxy for government borrowing costs, were just edging higher though as investors eyed what could be a testing 10.5 billion euros French bond sale later.There had been more record highs on Wall Street on Wednesday as Nvidia leapt another 4.5% and Asia-Pacific shares had risen nearly 1% overnight to reach their highest since April 2022.

Analysts cautioned the series was contradicted by strength in the PMI survey of services, but did note that price measures in both surveys pointed to easing inflation.A run of subdued data mean Citi’s U.S. economic surprise index has sunk to -47.5, the lowest since August 2022. Meanwhile, the closely watched Atlanta Fed’s GDPNow estimate fell to just 1.5% from 1.7%.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Premarket: Global stocks mixed after Nvidia tumbles again as AI mania coolsU.S. futures muted ahead of Tuesday trading
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Premarket: Global stocks cling to gains, yen on intervention watchFed’s favoured inflation index looms large this week
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Premarket: Global stocks steady amid investor confidence on U.S. rate cutsPound treads cautiously ahead of BoE meeting
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Premarket: Global stocks boosted by Nvidia rallyU.S. markets are closed on Wednesday, which will likely result in muted trading throughout the day
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Premarket: Global shares stable as political turmoil saps market moodInvestors look for direction from a string of central bank meetings in Europe this week as well as fresh U.S. economic data
Fuente: globeandmail - 🏆 5. / 92 Leer más »