The end of a hair-raising week for the stock market has left more questions than answers, with Thursday's bumper U.S. growth data goosing a blistering rotation to small cap stocks as traders brace for three major central bank decisions next week.
Whether due to those easing bets or post-election trades or both, this month's switch to U.S. small cap stocks from pricey Big Tech megacaps seems to have survived the jarring mid-week market swoon that questioned the whole complex. Concerns about China's economy linger even after authorities said on Thursday they would allocate 300 billion yuan in ultra-long treasury bonds to support a programme of equipment upgrades and consumer goods trade-ins.The other major central bank meeting next week is the Bank of England. Even though a majority of economists polled think the BoE will cut as soon as August 1, money markets think it's in the balance and still only ascribe a 50-50 chance.
Elsewhere, NatWest gained 8% after the British bank said it would buy Metro Bank's mortgage portfolio for 2.4 billion pounds. Our exclusive poll shows that viewers are unlikely to stop watching the BBC dancing competition due to the ongoing row. MANSFIELD, Ohio, July 26, 2024--The Board of Directors of The Gorman-Rupp Company has declared a quarterly cash dividend of $0.18 per share on the common stock of the Company, payable September 10, 2024, to shareholders of record August 15, 2024. This will mark the 298th consecutive quarterly dividend paid by The Gorman-Rupp Company.Enefit Green will publish its Q2 2024 interim report on 1 August 2024 at 09.
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