News Formal

Global Stocks Mostly Fall On Lingering Worries Over Inflation

  • 📰 channelstv
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Sverige Nyheter Nyheter

Global stocks mostly retreated Wednesday after British inflation data doused hopes of a quick Bank of England rate cut, while Federal Reserve minutes spotlighted worries about lingering pricing pressure.

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. London stocks closed lower and the pound jumped on news that Britain’s Consumer Prices Index rose 2.3 percent in April, slower than the previous month but outpacing analyst expectations of 2.1 percent.

But US indices tripped into the red after the Fed minutes showed that policy makers were frustrated with the lack of progress in bringing inflation towards the central bank’s two percent target.The disappointing inflation data, and the strong economic figures in the first quarter, led them to conclude that “it would take longer than previously anticipated” for them to be confident that inflation was trailing off, the Fed said.

Anticipation was high heading into the day owing to results from artificial intelligence highflier Nvidia.The chip-maker’s stock price is up 90 percent in 2024 with its high-end processors prized by firms looking to get ahead in the booming artificial intelligence sector.

 

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:

 /  🏆 7. 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.

Tokyo stocks end higherTokyo stocks ended higher on Thursday on the back of bumper results from US chip giant Nvidia.
Källa: GuardianNigeria - 🏆 1. / 94 Läs mer »

Bargain hunting in MTNN, 12 stocks lift capitalisation by N29bDespite losses by many equities, transactions at the Nigerian Exchange Limited (NGX) reopened in an upward note yesterday as market capitali
Källa: GuardianNigeria - 🏆 1. / 94 Läs mer »

Bamboo launches Nigerian stocks to deepen retail capital marketsBamboo Global Inc, an online brokerage firm, yesterday launched on its platform Nigerian stocks including blue chip corporations like Guaranty Trust Holding Company PLC, MTN, and Dangote Cement.
Källa: vanguardngrnews - 🏆 5. / 75 Läs mer »

Index dips further by 0.5 per cent amid sell pressure in 19 stocksFollowing sell pressure in 19 stocks, the Nigerian Exchange Limited (NGX ) sustained a sliding profile yesterday, as the All-share index plummeted
Källa: GuardianNigeria - 🏆 1. / 94 Läs mer »