NEW YORK, April 8 — US and European stocks moved in opposite directions on Thursday, with Wall Street shrugging off two losing sessions as investors reassess equity valuations in light of the Federal Reserve’s tougher stance on inflation.
With central banks focused on taming high inflation, investors are preparing for rapid US interest rate hikes after a stream of recent comments from Fed officials and the minutes of last month’s policy meeting spelled out an aggressive posture. The ECB’s governing council played it safe at the March meeting, agreeing to wind down monthly bond purchases at an accelerated pace in the second quarter, while keeping the end date of the stimulus scheme flexible.But the minutes revealed that some governors wanted to go further to combat inflation, as the war in Ukraine pushes up prices further for energy, food and raw materials.
March brought the first Fed hike since it slashed US rates to zero when the Covid-19 pandemic broke out two years ago, and officials say more are on the way.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: malaymail - 🏆 1. / 86 Läs mer »