U.S. futures, stocks rise as traders eye peak rates - BNN Bloomberg

S&P 500 contracts and those on the tech-heavy Nasdaq 100 advanced at least 0.4 per cent after a rally on Wednesday that pushed the latter into a bull market. Retail shares led gains in the Stoxx Europe 600 Index, with Hennes & Mauritz AB soaring after the Swedish clothing company's first-quarter results beat expectations.

The current rally is built more on expectations than actions, leaving the market vulnerable should central banks — especially the Fed — disappoint investors, Veyret added. On the European economic front, Spanish inflation plummeted as energy costs retreated, though persistent underlying price pressures underscored the dilemma for the ECB as it weighs how much to raise interest rates. March's headline reading came in at 3.1 per cent — down from February's 6 per cent and much lower than the 3.7 per cent median estimate in a Bloomberg survey of economists.

The market is discounting 100 bps cuts this year. What a unprofessional headline. Should read “the markets continue climbing expecting no recession and 100 bps cuts”

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.

Margaret Franklin on rebranding finance as a career for women - BNN BloombergAs president and CEO of the CFA Institute, Margaret Franklin is turning her attention to growing diversity in the finance field, with a special focus on attracting young women and retaining them throughout their careers. Not sure this has to be labelled as it is already a career that has no gender bias. Seems nothing is newsworthy anymore unless it is controversial. Has creating the perception of gender inequality now a marketing tool?
Source: BNNBloomberg - 🏆 83. / 50 Read more »