News Formal

Futures gain, stocks extend rally as dollar dips: markets wrap

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stocks extended a rally Wednesday amid a retreat in the dollar and speculation that the worst of this year’s equity rout may be over. Moneyweb Stocks Markets

Stocks extended a rally Wednesday amid a retreat in the dollar and speculation that the worst of this year’s equity rout may be over. Technology shares fueled a climb of about 1.5% in a gauge of Asian equities after the S&P 500’s biggest jump since June. European futures pushed higher and US contracts were in the green too, encouraged by a Netflix Inc. surge in extended trading on a smaller-than-expected subscriber loss.

Speculation that company earnings will hold up and that the Federal Reserve will avoid very aggressive monetary tightening is giving investors some hope. Worries about a global downturn due to rising interest rates, Europe’s energy challenges and China’s Covid and property-sector woes are taking a back seat. “Stocks have been beaten down,” Kristina Hooper, chief global market strategist at Invesco, wrote in a note.

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:

 /  🏆 5. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stock markets rally on tech bounce, earnings hopeEquities piled higher on Wednesday following a surge on Wall Street, as investors grow hopeful in the ongoing earnings season.
Source: eNCA - 🏆 49. / 51 Read more »

Business Maverick: Netflix’s new hit stokes K-drama maker’s stock with 82% rallyKorea’s entertainment stocks have been much sought-after following a number of blockbuster hits and the growing appeal of its pop culture, with popular shows delivering stock price gains to companies involved in their production and distribution.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Stocks Surge Higher as Nasdaq 100 Rally Tops 2%: Markets WrapUS stocks extended gains as investors assessed the outlook for earnings amid speculation disappointments may be already priced into markets.
Source: dailymaverick - 🏆 3. / 84 Read more »

Stock markets rally on tech bounce, earnings hopeEquities piled higher on Wednesday following a surge on Wall Street, as investors grow hopeful in the ongoing earnings season.
Source: eNCA - 🏆 49. / 51 Read more »