Stocks, U.S. futures rise as China tech buoys mood - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 50%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Stocks rose with U.S. index futures as a rally in Chinese tech shares boosted sentiment and concern about contagion from banking turmoil continued to wane.

Tech shares led gains in European equities, while banks also outperformed. UBS Group AG rose after the Swiss lender brought back a former CEO to oversee the acquisition of Credit Suisse Group AG. Contracts on all three major U.S. gauges climbed, with the Nasdaq 100 poised to extend its best quarter since 2020.

Swaps traders have priced in about a 50 per cent probability the Fed will raise rates by a quarter point at its next meeting, with plans to ease thereafter. However, several strategists have joined BlackRock Investment Institute in saying markets are wrong in expecting imminent rate cuts. Investors are assessing risks of recession and the trajectory of central-bank policy after banking turmoil earlier this month sparked fears of wider contagion. An index of dollar strength was steady after ending Tuesday near the lowest level in eight weeks. “The banking crisis and the new tighter standards for banks is equivalent to one to two rate hikes,” said Eva Ados, chief investment strategist for ERShares, in an interview with Bloomberg Television.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

​Investment opportunities in cannabis stocks: Three hot picks from Matt Bottomley - BNN BloombergCannabis stocks have been under pressure for the last two years and many companies have hit all-time lows, but one analyst believes there could be a turnaround story for the sector. $Hiti is executing better than most US MSOs
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Stocks advance with banks as U.S. futures drift - BNN Bloomberg​Stocks rose as concern over broader contagion from the banking turmoil eased. U.S. futures drifted and the dollar traded lower.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »