Premarket: Stocks on steadier footing as benchmarks recover most lost ground

Global shares firmed on Friday, capping a rollercoaster week on a calmer footing after U.S. jobs data eased concerns that the world’s biggest economy was headed for a hard landing.

Oil prices headed for weekly gains of about 3 per cent as fears of a widening Middle East conflict persisted. In Europe, the STOXX index of 600 companies was up 0.7 per cent, with the loss for the week all but erased., also known as Wall Street’s ‘fear gauge’, was in negative territory, a far cry from its record one-day spike on Monday.

Investors will continue to study employment data, keep an eye on the Bank of Japan, and particularly on the annual meeting of global central bankers hosted by the Kansas City Fed in Jackson Hole later this month, she said. Also helping sentiment is Chinese data showing that consumer inflation ran at 0.5 per cent in July, above forecasts of a gain of 0.3 per cent, suggesting there is less risk of the economy sliding into outright deflation.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Premarket: Stocks rally to record highs ahead of U.S. inflation dataCPI figures are expected pave the way for the Fed to start its long-awaited interest rate cut cycle as soon as September
Fonte: globeandmail - 🏆 5. / 92 Leggi di più »

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
Fonte: globeandmail - 🏆 5. / 92 Leggi di più »

Premarket: World stocks slip on report U.S. might tighten technology curbs on ChinaEuropean stocks were trading lower while Wall Street futures were in negative territory
Fonte: globeandmail - 🏆 5. / 92 Leggi di più »

Premarket: European stocks slip, global IT outage causes chaosUncertainty across major economies added to headwinds for investors
Fonte: globeandmail - 🏆 5. / 92 Leggi di più »

Premarket: Stocks firm, bitcoin loses some oomph as Biden steps downInvestors prepare for a packed week of corporate earnings
Fonte: globebusiness - 🏆 31. / 66 Leggi di più »

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
Fonte: globebusiness - 🏆 31. / 66 Leggi di più »