News Formal

Stocks Gain as Inflation Feeds Rate-Cut Wagers: Markets Wrap

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 33 sec. here
  • 41 min. at publisher
  • 📊 Quality Score:
  • News: 153%
  • Publisher: 50%

Asia News

Pacific Rim,Top Asia,Pacific Rim

Asian stocks advanced as upbeat US growth data suggested the Federal Reserve is engineering a so-called soft landing for the economy.

Catherine Bosley and Matthew Burgess -- Global stocks rose, with European markets at record highs, as signs of moderating inflation cemented expectations of interest-rate cuts across the developed world.

US equity futures also advanced, with contracts on the Nasdaq 100 adding 0.6% and the S&P 500 up 0.4%. Nvidia Corp. edged higher in premarket trading, following the previous day’s 6% drop, while other tech names, including Marvell Technology Inc. and Dell Technologies Inc. were boosted by forecast-beating results.

“Inflation is looking better and economic growth remains decent and that’s the environment we are in,” said Florian Ielpo, head of macro research at Lombard Odier Asset Management in Geneva. “Inflation is a done deal so markets are more likely to pay attention to what’s happening to employment and growth,” he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European Stocks Gain With Focus on US Inflation, Nvidia Results(Bloomberg) -- European stocks rose on Tuesday as investors awaited US inflation data and Nvidia Corp. earnings later this week.Most Read from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks edge higher as key inflation report matches expectationsWall Street awaited a key signal on consumer prices that is set to help shape the near-term future of interest-rate policy
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks jump as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Tech stocks lead rally after inflation data sets table for CPIInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks edge higher ahead of key signals on inflation, economyWall Street is coming off a whipsaw week that has left markets jumpy and 'on edge.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks waver ahead of key signals on inflation, economyWall Street is coming off a whipsaw week that has left markets jumpy and 'on edge.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »