A U.S. stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession.
A U.S. stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession.
Treasury yields turned
higher on Friday as the market anticipated the Federal Reserve
will pause its aggressive hiking of interest rates next week but
maintain a hawkish stance as the U.S. central ...
U.S. shares struck new highs for the year on Friday, setting world stocks up for gains for the week, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S. markets being drained of cash.
* Silver on track for bet week since early April. * Markets see 72% chance of Fed standing pat next week. * Palladium plunges to lowest in four years. By Deep Kaushik Vakil. Gold eased on Friday on a stronger dollar and higher yields, but was set for its best week since early May after weaker jobs data bolstered bets for the Federal Reserve to hold pat on interest rates next week.
Wall Street indexes opened higher on Friday as Tesla shares jumped on a tie-up with General Motors (GM), though investors largely remained on the sidelines ahead of inflation data and U.S. monetary policy decision next week.
Treasury yields tumbled on
Thursday after the number of Americans filing new claims for
unemployment benefits rose more than expected last week,
suggesting a slowing U.S. labor market that adds to ...
- Retail trading in U.S. stocks is starting to pick up again after months of slowdown, data showed, as the hype around artificial intelligence and a tamer interest-rate outlook prove hard to resist. U.S. inflows from individual traders hit their highest in three months last week, averaging at $1.36 billion per day, Vanda Research said in a note on Thursday.
Stock markets in the United Arab
Emirates edged higher on Friday ahead of a widely expected pause
in interest rate hikes by the U.S. Federal Reserve, alhtough
falling oil prices limited gains.
The dollar bounced off two-week lows on Friday, shrugging off some of the weakness that has set in this month as expectations have grown that the Federal Reserve may not raise interest rates again for some time. Next week is packed with key monetary policy meetings, including those of the Federal Reserve, the European Central Bank and the Bank of Japan.
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