Business Maverick: Stocks in Asia, US futures rise as oil snaps Slide: markets wrap

its biggest interest-rate hike in 27 years and warned of a prolonged economic contraction.

A global equity index is set for a third weekly advance in a recovery from bear-market lows, helped by resilient company profits in the US. The durability of the bounce remains in doubt because of central bank rate rises to tackle punishing inflation. US payrolls on Friday are the next key data point for markets. Hiring likely softened in July but the labour market remains consistent with an expanding rather than recessionary economy and the Fed will press on with rate hikes, according to Anna Wong, chief US economist for Bloomberg Economics.

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.

Business Maverick: Stocks rise in Asia as Alibaba leads tech rebound: markets wrapAsian stocks rose on Thursday, as Alibaba led Chinese tech companies higher ahead of its quarterly results. Bets on further Federal Reserve interest-rate hikes supported Treasury yields.
Source: dailymaverick - 🏆 3. / 84 Read more »

Stocks climb with all eyes on US jobs dataUS employment data is expected to show nonfarm payrolls rose by 250,000 jobs in July
Source: BDliveSA - 🏆 12. / 63 Read more »

[TOP STORY] Time to buy US consumer discretionary and tech stocks?[LISTEN] We think tech as a whole has been unfairly blighted: you had unicorns trading at 10-20x sales & then tech stalwarts ...which aren't that expensive vs their growth prospects': Flagship's KyleWales on MoneywebNOW TechStocks Adobe podcast Yes! Markets are going higher. The fed is having to slow down.
Source: Moneyweb - 🏆 5. / 77 Read more »

Asian stocks climb as Wall Street remains bullishData showed a solid increase in demand for US-manufactured goods
Source: BDliveSA - 🏆 12. / 63 Read more »

PayPal leads buyback frenzy, giving stocks a liftInvestors are debating whether the rebound in US stocks will stick, but corporate America is taking no chances and turning to a favorite old method for juicing the market: Buying back billions of dollars of their own stock.
Source: BusinessTechSA - 🏆 24. / 61 Read more »