News Formal

Premarket: Global stocks boosted by U.S. rate relief confidence

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 30 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 64%
  • Publisher: 92%

Newsletter Nyheter

Marketupdate,Tsx,Stocks

Shares traded near one-month highs while U.S. futures pointed to a steady start

Global shares traded around one-month highs on Tuesday, boosted by renewed confidence in U.S. interest rate cuts, while a weaker yen and small dip in the Australian dollar kept the U.S. dollar steady.

On Tuesday, U.S. futures pointed to a steady start later on, while stocks in Europe caught a bid from the banks, where UBS and Unicredit beat expectations, sending the STOXX 600 up 0.6 per cent. “As long as the optionality of Fed cuts on any weakness remains, the Fed put is intact which will continue to support risky assets,” he said.

Treasuries, which rallied on Friday’s jobs figures, traded steady in New York overnight and 10-year yields held at 4.49 per cent in Tokyo on Tuesday. Interest rates markets price at least one U.S. rate cut this year, in November.

 

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:

 /  🏆 5. 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.

Premarket: Global stocks and Japanese yen steady ahead of U.S. payrollsCrude benchmarks headed for steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East
Källa: globeandmail - 🏆 5. / 92 Läs mer »