Stocks hold firm as US inflation data keep rate cut hopes alive

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 56 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 127%
  • Publisher: 78%

Kitco News Notícia

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

NEW YORK/PARIS, Aug 14 - Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose moderately in July, as expected, reinforcing investor bets that the Federal Reserve could start cutting interest rates soon.

"The one thing that was surprising here was rent accelerating," said Gennadiy Goldberg, head of U.S. rates strategy at TD Securities in New York."I think that's the reason for the market's somewhat disappointed reaction, even though the print actually came in on the weaker side of consensus. In line with expectations that U.S. monetary policy will soon be eased, the benchmark 10-year Treasury yield fell to 3.8295%, and the two-year Treasury yield was steady at 3.9537%.

UBS shares , were up around 3.1% after the bank reported $1.1 billion of net profit in the April to June quarter, beating analysts' forecasts. "Markets are less in panic mode," said Justin Onuekwusi, chief investment officer at investment firm St. James's Place. "The market is being far too aggressive in those Fed cuts, particularly when you have hawkish-leaning Fed officials saying they are looking for more data to support cuts."

In commodities, Brent crude futures were down 1% at $79.84 a barrel, while U.S. West Texas Intermediate crude fell 1.6% to $77.08.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 13. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks hammered after this week's labor data shows investors treating 'bad news as bad news'Expectations for more Federal Reserve interest rate cuts are rising, but markets are selling off on the news, marking a shift in how investors are digesting ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

3 stocks retail investors turned to when stocks fell this weekSome retail investors used the market sell-off earlier this week as a buying opportunity. IG Group North America CEO JJ Kinahan joins Yahoo Finance to...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: Stocks slip en route to sharp weekly losses for S&P 500, NasdaqStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: US stocks set for rebound as investors wait for key inflation dataInvestors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: US stocks set for rebound after key Fed-watched inflation dataInvestors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: Stocks rally before Fed as Nvidia surges 7%A tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »