Contracts on the S&P 500 and the Nasdaq 100 advanced by about 0.3 per cent. In U.S. premarket trading, Walt Disney Co. dropped after predicting a wider loss for its streaming service this quarter. Robinhood Markets Inc. rose following better-than-expected results from the trading platform. Travel and personal-care stocks led gains in European equities.
“It's definitely optimistic to think about a rate cut, but not so optimistic to think about a rate pause,” Sunaina Sinha Haldea, global head of private capital advisory at Raymond James, said on Bloomberg Television. “The print gives the Fed what it needs to contemplate a pause.” The Bloomberg Dollar Spot Index rose, rebounding from Wednesday's losses. Yields on 10-year Treasuries were dropped by two basis points.
Meanwhile, an ECB survey out Thursday showed that consumer expectations for euro-zone inflation rose “significantly” in March, with projections for the next 12 months rising to five per cent from 4.6 per cent in February.
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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »