HONG KONG, June 23 — Asian markets rose today to extend a global rally, as fresh pledges on monetary policy by the Federal Reserve reassured investors who had been rattled last week by the bank’s forecasts of an earlier-than-flagged hike in interest rates.
But observers said that repeated Fed promises to maintain the measures until unemployment is tamed and inflation is running consistently hot appear to be sinking in.“A pretty substantial part, or perhaps all of the overshoot in inflation comes from categories that are directly affected by the re-opening of the economy such as used cars and trucks,” he told lawmakers.
Meanwhile, others say the recent selling could provide an opportunity for markets to take another leg up to fresh highs, with Natixis analyst Jack Janasiewicz calling it “bewildering”, adding: “This caused a nice quick flush out of some weak hands riding the reflation trade and likely reset positioning to a better place.”
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Miners, industrial stocks boost FTSE 100; Morrisons surges 35pc | Malay MailLONDON, June 22 ― London's FTSE 100 ended higher yesterday, helped by gains in mining and industrial stocks, while supermarket chain Morrisons was the top gainer on the mid-cap index following a proposed takeover offer. After falling as much as 0.98 per cent to its lowest since May 19, the...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »
European stocks end higher as Lagarde talks up economic growth | Malay MailFRANKFURT, June 22 ― European stocks rose yesteray, led by growth-exposed sectors as encouraging comments from central bank head Christine Lagarde boosted optimism over a speedy economic recovery this year. The pan-European STOXX 600 index ended 0.7 per cent higher at 455.23 points after falling...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »
Global stocks, US yields recoup some losses; dollar falls | Malay MailWASHINGTON, June 22 ― US stocks were higher yesterday and global stocks advanced in choppy trade after hitting a four-week low earlier in the session, with investors still digesting last week's surprise hawkish shift by the US Federal Reserve. The US dollar retreated from Friday's 10-week high....
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »
US stocks dip ahead of Powell hearing | Malay MailNEW YORK, June 22 — Wall Street stocks edged lower early today as markets await a hearing with the Federal Reserve chair, amid debate on inflation and infrastructure spending. Today’s session opened in a low-key manner after Friday’s rout was followed by an impressive rally on Monday. Federal...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »
Banks, oil stocks set Wall St for rebound after Fed-induced rout | Malay MailJUNE 21 — Wall Street’s main indexes were set to open higher today as financials and energy stocks rebounded after hawkish comments from the Federal Reserve last week led the blue-chip Dow and the benchmark S&P 500 to their biggest weekly fall in months. Shares of banks including JPMorgan...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »