Morning Bid: Stocks on firmer footing after wild week

An element of calm has returned to markets as a wild week winds down, with European and U.S. stock futures pointing overall higher on Friday following the frenetic selling of the previous two days.

Investors were frantically unwinding long-held bearish yen bets and/or seeking a safe haven play with the Japanese currency, spurred by a spate of weak U.S. economic data, the global equity sell-off, and growing speculation of a Bank of Japan rate hike next week - not to mention the helping hand of some deft currency intervention by Tokyo.

However, a cooling of price pressures keeps bets alive for a September Fed cut, and the dollar is edging lower against the likes of the euro and sterling heading into the European morning.

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.

Morning bid: Stocks surfing new highs, French surpriseWall St stocks start the week surfing new records into another earnings season and Federal Reserve testimony, while surprise French election results saw the ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

France Leads European Stocks Lower in Shaky End to First HalfEuropean stocks slipped in the final trading session of June, with French shares tumbling to the lowest level in five months ahead of Sunday’s first round of legislative elections.
Source: BNNBloomberg - 🏆 83. / 50 Read more »