Global stocks, US dollar power higher on ‘slow and steady’ rate hopes

NEW YORK, March 3 — Wall Street stocks reversed losses to end higher yesterday, and US government bond yields tempered gains, as investors digested strong economic data and signals of a measured interest rate approach from the Federal Reserve.

The S&P 500 and Nasdaq Composite both gained around 0.75 per cent, even as Tesla Inc fell nearly 6 per cent after the company did not unveil a much-awaited small, affordable electric vehicle. “The economic impact of tightening remains a puzzle. Profitability might not be that fragile, at least, not yet,” he said.

Fed funds futures tied to the Fed’s policy rate see about an even chance that the rate will range from 5.5 per cent-5.75 per cent by September, from the current range of 4.5 per cent-4.75 per cent.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Global stocks, US dollar power higher on ‘slow and steady’ rate hopesNEW YORK, March 3 — Wall Street stocks reversed losses to end higher yesterday, and US government bond yields tempered gains, as investors digested strong economic data and...
แหล่ง: malaymail - 🏆 1. / 86 อ่านเพิ่มเติม »

Asian stocks up on hopes Fed will adopt slow approach to more hikesHONG KONG, March 3 — Asian shares rose today after Wall Street reversed losses on signals of a measured policy tightening approach from the US Federal Reserve as well as on...
แหล่ง: malaymail - 🏆 1. / 86 อ่านเพิ่มเติม »

Global palm oil market to record narrow deficit this year | The Malaysian InsightFitch anticipates higher biofuel blending mandate will spur demand for the commodity.
แหล่ง: msianinsight - 🏆 8. / 63 อ่านเพิ่มเติม »