Wall Street closed out October on a high. AI optimism, solid earnings, and easier financial conditions lifted stocks to their sixth consecutive month of gains while credit just notched its third straight advance. But as risk assets surged afresh, the Federal Reserve sent a quieter, more complicated signal. Source link
The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed. Jobs reports, a key inflation reading and the Federal Reserve’s interest rate decision all hit over the next 14 trading sessions, setting the tone for investors as…
Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation surprise just over a week out from Fed Chair Jay Powell’s crucial Jackson Hole speech. The Producer Price Index (PPI) for July showed inflation for businesses rose 0.9% over the prior month, well ahead of the…
I’m Chris Anstey, an economics editor in Boston. Today we’re looking at Europe-China ties. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here. Fifty years after the European Economic Community (now the European Union) established diplomatic ties with mainland China, relations…
Asian equity-index futures struggled for direction Thursday after the dollar weakened and US stocks rose in volatile trading after President Donald Trump played down the prospect he may soon fire Jerome Powell. Trump said he is “not planning on doing anything” to remove Powell, after a White House official said the president was likely to…