News Formal

Business Maverick: Stocks skyrocket in best post-CPI day on record: markets wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 84%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Stocks surged in a buy-everything relief rally after slower-than-projected price growth spurred bets the Federal Reserve can downshift its aggressive rate-hike path.

The S&P 500 climbed 5.5% for the best first-day reaction to a CPI report since at least 2003 when records began. About 96% of stocks in the benchmark were in the green, the broadest advance since 4 October, according to Bloomberg data. The rally caught short-sellers wrong-footed, helping spur the outsized gains. Crypto marketsHeadline inflation came in at 7.7%, the lowest since January, before Russia’s war in Ukraine pushed up commodity prices.

Treasuries soared, sending the rate on two-year notes, more sensitive to monetary policy, down 25 basis points. Rates traders downgraded the odds of another three-quarter-point rate increase in December almost to nil, while continuing to price in a half-point hike. The Bloomberg dollar index sank 2%.

Dallas Fed president Lorie Logan said it may soon be appropriate to slow the pace to better assess economic conditions. San Francisco’s Mary Daly said the moderation was “good news,” but noted “pausing is not the discussion, the discussion is stepping down”.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: US Stocks Roar Higher as Yields Plunge on Soft CPI: Markets WrapUS stocks surged by the most in two years and Treasuries rallied after data showing prices rose slower than forecast fueled bets the Federal Reserve can dial back its aggressive tightening efforts.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: Asian stocks fall, crypto bounces before CPI: markets wrapAsian stocks weakened after US shares fell and cryptocurrencies arrested a sharp decline that sapped risk appetite ahead of crucial inflation data due later on Thursday.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

US stocks notch biggest gains in two years on improved inflation dataNasdaq jumps over 7% as CPI report indicates cooler-than-expected inflation
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

Hospitality stocks still offering upside[ICYMI] MoneywebNow podcast with SimonPB, analysis of M&R’s sale of Clough, a look at whether we could see a cyclical dash to emerging markets and the importance of private sector involvement in conversations at COP27. Download podcast:
출처: Moneyweb - 🏆 5. / 77 더 많은 것을 읽으십시오 »