Stocks, U.S. futures rise as inflation worries ease - BNN Bloomberg

Futures on the S&P 500 and Nasdaq 100 indexes advanced at least 0.2% each after the underlying gauges capped the first three-day rally since May on Wednesday. Asian semiconductor shares rallied after Samsung Electronics Co. reported a better-than-forecast revenue jump. The US two- and 10-year yield curve steepened by 1 basis point though it remained inverted for a third day.

“Global equities bounce as pressure points such as rates, oil and the dollar begin to ease,” Stephen Innes, managing partner at SPI Asset Management, wrote in a note. “Momentum has swung higher, with tech-heavy benchmarks outperforming after Samsung’s revenue was better than feared.” Carmakers in Europe posted some of the biggest gains in the benchmark Stoxx 600 index, which gained for a second day. Overnight gains in US stocks helped both Asia and Europe.

The Bloomberg Dollar Spot Index retreated for the first time in five days. The euro rebounded from levels that took the shared currency to the brink of parity with the greenback.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Tech helps stocks pare losses; Bonds rally - BNN BloombergU.S. stocks came off session lows, buoyed by gains in technology companies, though sentiment remains sour as recession fears continue to grip the market. Treasuries gained and oil tumbled.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stocks rise after traders parse data, U.S. Fedspeak - BNN BloombergU.S. stocks rose and Treasuries slid as investors grappled with fresh economic data that showed slightly slower growth, prompting some to consider the Fed’s reiterated hawkish stance in its June meeting minutes as outdated.
Source: BNNBloomberg - 🏆 83. / 50 Read more »