Stocks Set for Gains on China Optimism, Fed Bets: Markets Wrap

-- Asian equities are set to follow Wall Street peers higher after several Federal Reserve policymakers hinted at further easing and as optimism surged that China was poised to announce stimulus measures.Belfast’s Grand Central Station Creates New Era for Northern Ireland’s Public Transport

Investors are now awaiting data on the Fed’s preferred price metric and US personal spending later this week. Neel Kashkari at the Minneapolis Fed also pointed to weakness in the job market, saying he backs lowering interest rates by another half percentage point by year end. His counterpart at the Atlanta Fed, Raphael Bostic took a moderate stance. Starting the central bank’s cutting cycle with a large step would help bring interest rates closer to neutral levels, but officials should not commit to a cadence of outsize moves, according to Bostic.

Australia is expected to remain a global outlier in the easing cycle on Tuesday. Economists see the RBA holding the cash rate at a 12-year high of 4.35% — and keeping it there until at least February. The nation’s 10-year yield dipped in early trading.Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Asian stocks log modest gains as data show China's economy slowing furtherHONG KONG (AP) — Asian stocks started the week with modest gains after U.S. stocks finished their best week of the year, approaching record levels.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

S&P 500, stocks cap volatile August with monthly gainsThe Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) each end the trading day over 1% higher, while the Dow Jones Industrial Average (^DJI) is trailing in gains ...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: Stocks erase gains, head for big weekly losses after jobs reportThe pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Nasdaq, stocks see major weekly gains ahead of Fed decisionUS stocks (^DJI, ^IXIC, ^GSPC) ended Friday's trading session higher, capping off a week of gains as markets rebound from early September volatility (^VIX). ...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Fed rate cut boosts futures as growth stocks lead gainsRate-sensitive growth stocks like Microsoft, Meta and Alphabet, that have led much of this year's rally, advanced over 1.5% each in premarket trading. Chip ...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stocks close mixed but pull off another week of gainsThe Dow Jones Industrial Average (^DJI) hovers above its flatline at Friday's close, while the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) stumble in the...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »