News Formal

Pound and U.K. bonds rally; U.S. stocks, futures advance - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The pound rallied and U.K. bonds surged as more of Prime Minister Liz Truss’s package of unfunded tax cuts were reversed. Stocks rose, with investors preparing for a number of key earnings reports this week.

The pound rallied and U.K. bonds surged as more of Prime Minister Liz Truss’s unfunded tax cuts were reversed. Stocks rose, with investors preparing for a number of key earnings reports this week.

The yield on 10-year gilts fell 36 basis points to 3.97 per cent and the pound traded 1.1 per cent higher at US$1.1293. Treasury yields and the dollar eased against its Group-of-10 counterparts, providing a touch of respite to harried currency markets. Meanwhile, the outlook for consumer prices in the U.S. continues to fuel bets that the Federal Reserve may make jumbo rate hikes at its next two meetings, weighing broadly on the outlook for global economic growth and markets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As U.K.'s Prime Minister Liz Truss fights for job, new finance minister says she made mistakesThe fact that Jeremy Hunt is Britain\u0027s fourth finance minister in four months is testament to a political crisis that has gripped Britain since Johnson was… How long will this minister last?
Source: VancouverSun - 🏆 49. / 61 Read more »

As U.K.'s Prime Minister Liz Truss fights for job, new finance minister says she made mistakesThe fact that Jeremy Hunt is Britain\u0027s fourth finance minister in four months is testament to a political crisis that has gripped Britain since Johnson was…
Source: OttawaCitizen - 🏆 21. / 68 Read more »