NEW YORK, USA – A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank The ECB had for weeks flagged a 25-basis-point hike, until earlier this week, when sources told Reuters the central bank was weighing a bigger move. The central bank also introduced a bond protection plan, called the Transmission Protection Instrument , that is designed to cap borrowing costs across the region.
As the US corporate earnings season rolls along, 91 companies in the benchmark S&P 500 index have reported quarterly results, with 78% topping expectations, according to Refinitiv data. That’s slightly below the 81% beat rate for the past four quarters but well above the 66% rate since 1994. US economic data was on the soft side with weekly initial jobless claims touching a fresh eight-month high and a gauge of factory activity in the mid-Atlantic region for July hitting its lowest in slightly over two years.‘s policy meeting next week, in which it is largely expected to hike rates by 75 bps.
France Dernières Nouvelles, France Actualités
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