The rate-sensitive technology sector led the advance in Europe after Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde at Jackson Hole on Friday failed to shake the outlook for interest rates. With UK markets closed for a bank holiday, trading volumes were two-thirds lower than the 30-day average for this time of day.
Powell stuck to the script in his Jackson Hole speech, saying that the Fed is “prepared to raise rates further if appropriate,” even as he stressed that the central bank would “proceed carefully,” guided by economic data. Lagarde, likewise, said the ECB would set borrowing costs as high as needed to keep inflation in check but stopped short of signaling an increase at the next meeting.
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:
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.
Technology stocks lead European shares higher; China-related stocks riseMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
China-Dependent Japan Stocks Plunge on Boycott Over WastewaterShares of Japanese companies that are especially reliant on China demand plunged after users online in Asia’s biggest economy called for a boycott over the release of treated wastewater from the wrecked Fukushima nuclear plant.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
China’s Fukushima Backlash Is Starting to Weigh on Japan Stocks(Bloomberg) -- Shares of Japanese companies that are especially reliant on China demand plunged after users online in Asia’s biggest economy called for a boycott over the release of treated wastewater from the wrecked Fukushima nuclear plant. Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate Polls3M Agrees to Pay More Than $5.5 Billion Over Militar
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Veteran Investor Says It’s All Coming Together for China StocksA 30-year veteran of investing in emerging markets says that “everything is coming together” for a rally in China’s equity market after a week that saw shares slide to fresh 2023 lows.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stocks open higher as inflation, jobs data looms: Stock market news todayStock futures were higher early Monday as markets continue to digest Powell's key speech from last week.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »