News Formal

Wall Street ends sharply higher, dollar dips on UK U-turn, strong earnings

  • 📰 Reuters
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

U.S. stocks kicked off the trading week with a rally after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results

Long-dated Treasury yields turned higher late in a choppy session for the bond market, even as investor sentiment eased in the wake of the British policy about-face.The 30-year bond last fell 23/32 in price to yield 4.0214%, from 3.975% late on Friday.

The euro and sterling gained strength following Hunt's announced policy announcement, causing the greenback to lose ground against a basket of major world currencies.The Japanese yen weakened 0.19% versus the greenback at 149.06 per dollar, while sterling was last trading at $1.135, up 1.61% on the day.

Crude prices oscillated as markets juggled signs of looming recession and China's continued loose monetary policy. U.S. crude settled down 0.18% to close at $85.46 per barrel, while Brent settled at $91.62 per barrel, essentially flat on the day.Register now for FREE unlimited access to Reuters.comReporting by Stephen Culp Additional reporting by Marc Jones in London Editing by Mark Potter, Will Dunham and Nick Zieminski

 

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

Y?

But, but Biden! He’s a menace to global economics…!

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:

 /  🏆 2. in MY

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.

Netflix Earnings Preview: Wall Street Focus on Ads May Outweigh Subscriber AddsAhead of its third quarter disclosure on Oct. 18, analysts weigh the streaming giant's forecast of 1 million net sub additions with the potential upside and momentum of the service's ad-tier launch.
Source: THR - 🏆 411. / 53 Read more »

Stock Market News: Dow Futures Rise After Bank of America EarningsFutures rose after Bank of America's earnings, and investors cheered the U.K.'s U-turn on economic policies. Follow our live markets coverage.
Source: WSJ - 🏆 98. / 63 Read more »

As market volatility persists, Wall Street analysts say to sell these stocksCNBC Pro screened almost 1,500 large and mid-cap global stocks and found a number of major companies with sell or underweight ratings. So buy then… Crap, looks like that's a Pro article and a subscription is required. Maybe someone accidentally sent it from this account? So buy Pro and get 3 picks….not
Source: CNBC - 🏆 12. / 72 Read more »