As Fed Chair Powell might say, the semiconductor sector’s recent pullback represents a recalibration rather than the start of a downturn. With foundational support from AI advancements and a stabilizing economy, investors might want to buy the dip on these chip stocks. Source link
To get John Authers’ newsletter delivered directly to your inbox, sign up here. The last few days have been an exercise in game theory. What were the main motivations for the Federal Reserve, and would that prompt them toward a cut of 0.25% or 0.5% in the fed funds rate? We have our answer, and…
Your financial playing field just shifted. For the first time in four years, the Federal Reserve reduced interest rates, announcing a jumbo cut of 50 basis points. It’s the sort of move usually deployed in a crisis, but the American economy remains strong. Inflation is trending down. Markets are up. What does this mean for…
Good afternoon. Here’s what you need to know to end your day. Stocks in Asia rallied after the Fed opted for an outsized rate cut to ensure a soft landing, while a gauge of regional currencies rose to a 14-month high. The Nikkei 225 climbed more than 2% as the yen slid. Source link
India’s overtaking of China in key global gauges will likely usher in a bigger influx of foreign flows, giving equities in the South Asian country another boost. India has overtaken China in the MSCI AC World IMI Index with a 2.35% weighting compared to a 2.24% for the latter, according to a Morgan Stanley report…
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai, where it’s all bright and sunny this morning. That’s a fitting backdrop for Indian stocks, which are…
Chinese stocks listed on mainland markets eked out a modest gain after a holiday break, seeking to catch up to Hong Kong equities’ momentum amid calls for major economic stimulus. The benchmark CSI 300 Index closed up 0.4% after fluctuating throughout the day, as investors debated whether weaker macro data will prompt the government to…
The dollar fell, resuming this month’s downtrend, as traders debated the size of a potential Federal Reserve interest-rate cut later Wednesday. Japanese shares rose. Bloomberg’s dollar index dropped for the fifth time in six days as market-implied odds put the chance of a half-point Fed rate cut Wednesday at just over 50%. The central bank…
The Dow hit an intraday record high, but technology stocks weighed on the S&P 500 and the Nasdaq on Monday ahead of the Federal Reserve’s pivotal monetary policy decision, due later in the week. In recent trading, the Dow Jones Industrial Average gained 121 points, or 0.3%, to 41,515. The blue-chip index had soared more than 300 points…
The stock market has recovered most of the losses suffered in its summer selloff. While the S&P 500 Index has bounced back before, this time is unique because it isn’t being led by Big Tech — instead it’s everyone else’s turn. Technology giants like Nvidia Corp. and Microsoft Corp. have led gains in the equities…