Fed rate cut bets lift stocks, dollar steadies

LONDON: Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar.

Comments by New York Fed President John Williams on Thursday made it virtually certain, in the markets' view, that the Fed would cut interest rates by at least 25 basis points at its July 30-31 policy meeting and also revived expectations of an even deeper 50 bps reduction. "Despite a rather lackluster earnings season so far, investors are focusing on the prospect of a considerably easier monetary policy, which is why we see stocks ready to open higher this morning," said Konstantinos Anthis, head of research at ADSS.MSCI's broadest index of Asia-Pacific shares outside Japan was up 1per cent, bouncing back from the previous day's losses, while Japan's Nikkei advanced 2per cent.

The two sides resumed talks recently to seek an end to a year-long trade war that has rattled financial markets and slowed global growth. But most analysts do not expect an agreement any time soon, with some predicting a strong risk of further tariff escalation.

Italia Ultime Notizie, Italia Notizie

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

Asia stocks gain, dollar sags as Fed reinforces rate cut expectationsAsian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »

Asian stocks hit by trade woes while dollar rises, oil strugglesFresh trade worries and uncertainty about the Federal Reserve's plans for cutting interest rates weighed on Asian markets Wednesday while fears of ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »

Asian stocks wobble, bond yields fall on earnings woes, trade worriesAsian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »

Wall Street stocks end higher after dovish Fed commentsNEW YORK: Wall Street stocks finished higher on Thursday (Jul 18), snapping a two-day skid following dovish comments from a top Federal Reserve ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »

US: Stocks end higher after dovish Fed comments[NEW YORK] Wall Street stocks finished higher on Thursday, snapping a two-day skid following dovish comments from a top Federal Reserve official that shifted attention from mixed earnings. Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Leggi di più »