TOKYO - A gauge of global stock markets rose on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signaled possible interest rate cuts later this year.
Signs that China and the United States are returning to the negotiating table after a six-week hiatus also bolstered risk sentiment. On Wall Street, the S&P 500 gained 0.3% to 2,926, just 19 points off its record closing high hit on April 30. Japanese 10-year bond yields slipped 1.5 basis points to minus 0.155%, matching three-year lows while Australian yield hit a record low below 1.3%.
“While we expect ‘insurance’ rate cuts this year, we think the timing and magnitude of any policy easing is uncertain and somewhat dependent on U.S.-China trade relations,” said Andrew Wilson, CEO of Goldman Sachs Asset Management for EMEA and global Head of fixed income.
Monetary Policy is all fixed and the FED just proved it. Job market is good and economy is good so this cut is just for Wall Street, Big Banks and Big Companies. All these are in huge debt and they need low interest. If they had surplus they would want higher interest rates!!
Fake News
Sounded like a very cautious FED to me. The only 'fuelling of rate cut hopes' was from the journos at the press conference trying to get Chair Powell to say something that was not in the June report, and sadly for them, he stuck to the written report.
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:
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.
Global stocks rally, bond yields plunge after Fed hints at rate cutsA gauge of global stock markets edged near this year's peak while benchmark... Yeah, then the fat cats will have inside knowledge as to when the rates will inevitably go up due to the enormous deficit 45 hooked his “feigning fake friends” up with and they’ll know EXACTLY WHEN to sell, sell, sell their stocks. We can’t have anything nice. Bond $ is moving into alternative investments for diversification. When investors demand more return in short term than in long run, they think US headed for recession, indicates an inverted yield curve. Lasting for a quarter accurate 100% of the time, predicted past 7 recessions. U.S. debt, more than 100% debt-to-GDP ratio vs 77% tipping pt.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks look set to drift up near records as investors await crucial Fed decisionStock-index futures were mired in muted action Wednesday as investors awaited a key decision by the Federal Reserve that could determine whether Wall Street is likely to get a highly anticipated rate cut, or cuts, this year. draghi set up the bases loaded, Powell just needs to release the dovish statement for new ATHs and the grand slam. $SPY $SPX $QQQ $IWM
Source: MarketWatch - 🏆 3. / 97 Read more »
One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks gain, dollar weakens after Fed signals possible rate cutsWorld stocks held near two-week highs as investors bet on a wave of central bank stimulus Thanks Trump! thanks realDonaldTrump PromisesMadePromisesKept
Source: Reuters - 🏆 2. / 97 Read more »
Stocks approach record as Fed soothes Wall Street's fearsThe S&P 500 approached a record high on Wednesday after the Federal Reserve sign... Mary Thomas’s approaches seems spiteful amongst their own resolves
Source: Reuters - 🏆 2. / 97 Read more »
Stocks in Asia set to gain as Fed opens door for potential rate cutThe Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word word 'patient ' from its statement and said it would 'act as appropriate' to sustain the economy. Stop saying potential ratecut HIS WORDS! NO FUKING RATE CUTS UNTIL 2020 , YOU GUYS REALLY ARE MONEYMONSTERS Post the transcripts FAKE NEWS NETWORK! Thought the news from Powell was hold on it might go up?
Source: CNBC - 🏆 12. / 72 Read more »