NEW YORK, Oct 9 - A gauge of global stocks rose slightly on Wednesday, while U.S. Treasury yields mostly edged higher, as investors awaited minutes from the Federal Reserve's September meeting and inflation data for clues on the central bank's interest rate path.
" just a reflection of how super-sized Big Tech has become. Any uncertainty there will feature into the rest of the market," said Ben Laidler, head of equity strategy at Bradesco BBI. After completely pricing in a cut of at least 25 bps last week, with a 35.2% chance of a second consecutive cut of 50 bps, the market is betting on an 84.1% chance of a 25 basis point cut at the Fed's November meeting, and a 15.9% chance it will hold rates steady, CME's FedWatch Tool, showed.
China's stock rally short-circuited, with both the Shanghai Composite index , and CSI300 index , suffering their biggest one-day percentage drops since February 2020.
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.
US 10-year yield tops 4%, stocks fall, as Fed rate cut expectations easeThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Asian Stocks Under Pressure Ahead of Fed Decision: Markets Wrap(Bloomberg) -- Most Asian stocks were poised for declines early Tuesday following a mixed session on Wall Street where traders boosted bets the Federal...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US Stocks Waver as Investors Weigh Inflation, Labor Data Ahead of Fed MeetingThe S&P 500 and Nasdaq Composite experienced mixed performance on Thursday as investors analyzed recent inflation and labor market data, which are influencing expectations for the Federal Reserve's next interest rate decision. The Dow Jones Industrial Average declined.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Nasdaq, stocks see major weekly gains ahead of Fed decisionUS stocks (^DJI, ^IXIC, ^GSPC) ended Friday's trading session higher, capping off a week of gains as markets rebound from early September volatility (^VIX). ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks recover, tech rebounds ahead of Fed cut: Market TakeawaysUS stocks (^DJI,^GSPC, ^IXIC) closed the week on a high note ahead of the Federal Reserve's highly anticipated interest rate cut next week. Meanwhile, the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks start week mixed ahead of Fed's September meetingUS stocks are mixed at Monday's market open, the Dow Jones Industrial (^DJI) rising by over 0.7% as the Nasdaq Composite (^IXIC) falls by nearly the same...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »