Premarket: Stocks advance ahead of Fed rate decision and U.S. inflation data

Global stocks rose on Wednesday, helped by positive sentiment in the technology sector, while the U.S. dollar held firm ahead of a key U.S. inflation report and Federal Reserve policy decision that could determine the near-term outlook for interest rates.

Focus is now turning to the U.S. consumer price index data later in the day, which is forecast to rise a slim 0.1 per cent in May from a month earlier, but with the core up 0.3 per cent. The MSCI All-World index rose 0.14 per cent on the day. In Europe, the STOXX 600 gained 0.5 per cent, rising for the first time in four days.

In the currency markets, the dollar index has held on to its post-payrolls gains since Friday, standing at 105.2 against its major peers. The euro is around its weakest in almost two years against the pound too. Sterling was up 0.14 per cent against the dollar at US$1.2757, shrugging off data that showed the British economy did not grow at all in April, after a strong start to 2024.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Premarket: Stocks test footing ahead of U.S. inflation data, Fed meetingEuropean assets looked to stabilize a day after the announcement of a snap election in France had driven them lower
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Stocks idle ahead of Fed’s preferred inflation figureGreenback steady against peer currencies ahead of inflation data
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Global stocks slide ahead of U.S. Fed minutes while crypto soarsGold eased back from Monday’s all-time peak, while crude oil declined on worries of U.S. interest rates staying high for longer
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Global stocks drift after Fed officials hint interest rates may not fall soonLatest data show that U.S. labour market remains tight; U.S. futures pointing lowewr
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Global stocks near all-time highs ahead of expected ECB rate cutBut what the European central bank does after that remains subject to much debate
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Stocks at record high ahead of U.S. inflation data; meme mania heats upShares in AMC and GameStop soar more than 25 per cent in premarket trading
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »