Premarket: Stocks rebound after brutal selloff as traders await U.S, price data

European stocks and U.S. futures rebounded on Friday as markets stabilized after a week in which global equities have tumbled almost 2 per cent.

Investors were waiting for the release of the U.S. personal consumption expenditures index for June, the Federal Reserve’s preferred measure of inflation, at 8.30 a.m. ET. Investors have snapped up smaller companies that are more closely tied to the economy and affected by borrowing costs. At the same time, they have ditched popular artificial intelligence plays like Nvidia, helping pull down global stocks 1.7 per cent this week.

The Japanese yen, which has rallied 2 per cent this week, slipped from around a 12-week high as investors took pause ahead of Bank of Japan and Federal Reserve interest rate decisions next Wednesday.

España Últimas Noticias, España Titulares

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

Premarket: Stocks shift focus to earnings, FX markets on Japan intervention watchU.S. earnings kick off with big banks JPMorgan Chase, Wells Fargo and Citigroup
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Premarket: Digesting Biden exit, markets focus on earnings, dataTesla and Alphabet are due to report after the session close in New York, beginning the season for the “Magnificent Seven”
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Premarket: Digesting Biden exit, markets focus on earnings, dataTesla and Alphabet are due to report after the session close in New York, beginning the season for the “Magnificent Seven”
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Premarket: Stocks fall on feeble earnings reports, yen at seven-week highThe dour mood looked set to continue in the United States, where Wall Street futures pointed lower
Fuente: globebusiness - 🏆 31. / 66 Leer más »

Premarket: Tech tailspin whacks world stocks, yen roars to 2-½-month peakTraders react to the worst day for the Nasdaq since 2022 after underwhelming earnings from Alphabet and Tesla
Fuente: globeandmail - 🏆 5. / 92 Leer más »