US equity futures and European stocks meandered in cautious trade, with investor attention focused on how aggressive the European Central Bank will be in the fight against inflation when it announces its interest rate decision later.
A dollar gauge rose as traders assessed comments from Federal Reserve officials on their commitment to fighting inflation. Treasuries steadied after rallying as Australia’s central bank chief signaled a potential end to outsized policy moves. Fed officials reiterated their determination to get inflation under control. Vice Chair Lael Brainard said interest rates will need to rise to restrictive levels, while cautioning risks would become more two-sided in the future. Chair Jerome Powell is due to speak later on Thursday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks retreat in face of record dollar strength - BNN BloombergStocks dropped in Europe and US equity futures fluctuated as investors assessed prospects for aggressive central bank monetary tightening and as a dollar gauge climbed to a record.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
The Daily Chase: Bank of Canada hikes; U.S. dollar steamrolls FX market - BNN BloombergIt’s essentially a slam dunk that the Bank of Canada will raise its main policy rate for the fifth time in as many meetings today.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
U.S. stocks retreat in face of record dollar strength - BNN BloombergStocks dropped in Europe and US equity futures fluctuated as investors assessed prospects for aggressive central bank monetary tightening and as a dollar gauge climbed to a record.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
U.S. futures, European stocks rise; Pound rebounds - BNN BloombergUS stock futures climbed, with dip buyers drawn to attractive valuations after three weeks of Wall Street declines. European stocks rose as investors assessed responses to the region’s energy crisis ahead of the European Central Bank’s policy meeting later this week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »