News Formal

Stocks, futures up as post-Powell slide subsides - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 50%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Stocks rose on Tuesday as investor sentiment stabilized following a rout sparked by the Federal Reserve’s signal of a sustained period of restrictive monetary policy to quell inflation. Treasury yields and the dollar declined.

European stocks and US futures rallied, signaling a break in the equity slump that began Friday when Chair Jerome Powell stressed the Fed is willing to let the economy suffer to cool price pressures. Retailers and banks led the gains, while energy companies and miners underperformed.

Euro-area economic confidence dropped to its lowest level in 1 1/2 years, though Spanish inflation eased for the first time in four months. Powell’s push back against market hopes for a pivot to interest-rate cuts next year is the latest setback in a challenging year for investors. The Fed this week is also set to step up the unwinding of its near-US$9 trillion balance sheet. Other risks range from China’s economic slowdown to Europe’s energy crisis as Russia continues its war in Ukraine and chokes gas supplies.

Minneapolis Fed President Neel Kashkari said sharp stock-market losses show investors have got the message that the US central bank is determined to contain inflation. “People now understand the seriousness of our commitment to getting inflation back down to 2 per cent,” he said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 83. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Global stocks up as traders digest U.S. Fed anti-inflation pledgeGlobal stocks and Wall Street futures rebounded Tuesday as investors digested last week's Federal Reserve pledge to fight inflation by keeping interest rates elevated.
Källa: CTVNews - 🏆 1. / 99 Läs mer »

Eleven defensive TSX dividend stocks for conservative investorsWe are looking for profitable companies in defensive sectors selling at a reasonable price
Källa: globeandmail - 🏆 5. / 92 Läs mer »

The Daily Chase: Powell's wake-up call for markets; 'Frenzy' in plastic surgery market - BNN BloombergIt looks like there will be more selling at the start of trading today, extending losses after U.S. Federal Reserve Chair Jerome Powell’s pledge to “keep at it” served as a wake-up call to anyone doubting the central bank’s determination to combat inflation.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »