(Reuters) – Wall Street futures climbed on Thursday as investors drew confidence from the Federal Reserve’s signaling of more interest rate cuts this year despite uncertainties stemming from U.S. trade policies. The Fed opted to maintain current interest rates on Wednesday, a move widely anticipated by the market, but reaffirmed its forecast for two 25…
The stock and bond markets pulled a sharp 180 this week. After prolonged sell-offs, both rallied on a renewed outlook for Fed rate cuts. A trifecta of events suggests the Fed can be more aggressive than previously thought. Stocks and bonds staged a major turnaround this week thanks to a perfect storm of factors that…
(Bloomberg) — European stocks followed Asian shares lower as enthusiasm about China’s latest stimulus pledge faded, while traders await key inflation data from the US as well as a European Central Bank policy decision later this week. Most Read from Bloomberg The Stoxx Europe 600 index snapped an eight-day streak of gains, with basic resources…
US stocks fell on Wednesday, with the S&P 500 snapping a winning streak amid a sell-off in tech. Dell shares dropped 12% after the company lowered guidance for the quarter. Investors took in the fresh inflation data, which bolstered bets for a December Fed rate cut. US stocks ended lower on Wednesday, with the benchmark…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The bullish euphoria that came from the possibility of a quick return to neutral rates after the Fed’s 50 basis point cut in September has faded. But it’s been swapped with a different…
China’s stock rally could extend another 15% to 20%, Goldman Sachs says. China’s equity indexes have jumped dramatically since Beijing announced major stimulus policies. Goldman highlighted still low valuations and diminishing risk as tailwinds for a continued rally. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The labor market offered an unexpected surprise on Friday as the September jobs report showed 254,000 payrolls added in September — 104,000 more than expected. Worries of a flagging labor market have been…
A fresh reading on inflation Friday keeps the Federal Reserve on track to continue cutting interest rates this fall, likely in 25 basis point increments. The Fed’s preferred inflation gauge — the so-called core Personal Consumption Expenditures (PCE) index that excludes volatile food and energy prices — clocked in at 2.7% over the prior year…
We recently compiled a list of the A Game Changer: Jim Cramer’s Latest Top 10 Stock Picks. In this article, we are going to take a look at where NIKE Inc. (NYSE:NKE) stands against Jim Cramer’s other stock picks. Jim Cramer: Billions to Flood the Market as Double Rate Cut Sparks Stock Surge! In a recent…
The bulls are back and investors are chasing the market higher. Last week I wrote about why a 50 basis point interest rate cut could be a mistake, as experts told me a bold move by the Fed could signal doom and gloom for the economy and risk triggering a market selloff. Yet, a week…