News Formal

Stock market today: Global shares rise after Wall Street rallies to records

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

South Africa News News

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

Global benchmarks are mostly higher after U.S. stocks rallied to records following indications from the Federal Reserve that it expects to deliver interest rate cuts later this year.

FILE - A person takes photograph an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Feb. 22, 2024. Asian benchmarks were mostly higher on Thursday, March 21, 2024 after U.S. stocks rallied to records following the Federal Reserves indication that it expects to deliver interest rate cuts later this year. – Global benchmarks were mostly higher on Thursday after U.S. stocks rallied to records following indications from theFrance's CAC 40 rose 0.

The Federal Reserve's survey of its policy makers showed the central bank still expects to deliver three cuts to interest rates in 2024. That’s the same number as they had penciled in three months earlier, and expectations for the relief that such cuts would provide are a big reason U.S. stock prices have set records.

Fed Chair Jerome Powell said he noticed the last two months' worse-than-expected reports, but they “haven’t really changed the overall story, which is that of inflation moving down gradually on a sometimes bumpy road towards 2%. That story hasn't changed.”

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:

 /  🏆 442. 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 market today: Global shares trade mixed despite Wall Street's record rallyGlobal shares are mixed in muted trading as optimism set off by a record rally on Wall Street gradually ran out of momentum.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly rise after Wall Street's record rallyAsian shares are mostly rising, encouraged by a record rally on Wall Street. Benchmarks gained Wednesday in Sydney, Seoul and Hong Kong. Tokyo's Nikkei 225 lost morning gains to slip in afternoon trading. Also on investors' minds is the Japanese yen's rise against the U.S.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: World markets are mostly lower after retreat on Wall StreetShares have retreated in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Wall Street rises ahead of a big week for central banksStocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next.
Source: latimes - 🏆 11. / 82 Read more »