U.S. stocks rallied on Friday, buoyed by a revival in the tech sector after a week of big data and earnings, and investors looked forward to policy changes under the incoming Trump administration. Nvidia (NVDA, Financial), Tesla (TSLA, Financial) and other companies helped the Dow Jones Industrial Average rise 1.1%, the S&P 500 up 1.2%…
Asian equities tracked Wall Street’s gains as cooling US core inflation kept alive the prospect of Federal Reserve easing this year. The yen jumped on Bank of Japan rate-hike expectations. Gauges in Australia, Hong Kong and South Korea all advanced, sending an index of Asian equities higher for a third day. The S&P 500 closed…
Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below 5 per cent for two consecutive quarters this year, posing challenges for Beijing to achieve its annual growth target of around 5 per cent. The International Monetary Fund estimates that the proportion of China’s nominal…
China’s top leaders have signaled stronger stimulus to help fill a hole in consumer demand. That doesn’t mean Beijing will roll out a “bazooka” package just yet, or abandon its factory focus. Senior officials last week endorsed their strongest pro-growth stance in a decade, indicating bigger government spending and more interest rate cuts. Boosting consumption…
US stock futures were little changed on Wednesday as investors braced for a consumer inflation report that will set the stage for the Federal Reserve’s final interest rate decision of the year. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 futures (ES=F) both wobbled along the flat line. Contracts on the…
STORY: Wall Street’s main indexes closed lower on Tuesday as investors awaited key inflation data that could influence the Federal Reserve’s decision on interest rates next week. The Dow, S&P 500 and Nasdaq all dropped between roughly one-third to one-quarter of a percentage point. The Consumer Price Index, due on Wednesday, is expected to show…
(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…
(Bloomberg) — China’s consumer inflation unexpectedly decelerated in November while factory deflation eased, painting a mixed picture of the effects of recent stimulus efforts on the economy ahead of key policy meetings this week. Most Read from Bloomberg The consumer price index rose a less-than-forecast 0.2% from a year earlier, the lowest since June, while…
China’s consumer inflation decelerated in November, in a sign government efforts to support the economy and sentiment haven’t been enough to turn around the weak demand. The consumer price index rose just 0.2% from a year earlier, below expectations of 0.4%. Factory deflation extended into a 26th straight month, though the 2.5% drop in the…
Stocks drifted higher leading into the shortened trading week that includes the Thanksgiving holiday. The Dow Jones Industrial Average (^DJI) gained nearly 2% for the week while the S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) added over 1.5%. In the week ahead, a fresh reading on the Fed’s preferred inflation gauge, the Personal Consumption…