Marketscreener.com on Nostr: Stocks up as Fed chair calms some rate nerves ========== Stock prices in London were ...
Stocks up as Fed chair calms some rate nerves
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Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell. The FTSE 100 index added 32.56 points, 0.4%, at 7,970.00. Powell told a conference in California that the current risks to the US economy were "two-sided," with negative consequences for the economy if policymakers moved to cut rates too fast or too slow. But if the US economy continues to evolve as expected, most Fed participants still expect it will be "appropriate to begin lowering the policy rate at some point this year." Eyes now turn to Friday's nonfarm payrolls reading, which is expected to show the pace of jobs growth eased to 200,000 in March, from 275,000 in February. Gold powered higher as expectations of rate cuts from the Fed rose. Brent oil fell from USD89.69 to USD89.19 midday Thursday. Metal prices were also on the rise, with miners in demand as commodities prices continued to surge. Anglo American added 3.2%, while Antofagasta climbed 3.0%. PageGroup surged 5.5% after being raised to 'buy' from 'neutral' by UBS. CAB Payments jumped 12% after securing a payment service provider license. Cirata fell 27% as it reported annual results that were clouded by a possible fraud saga.
#StockMarket #FederalReserve #JeromePowell #Ftse100 #MiningStocks #NonfarmPayrolls #Gold #BrentOil #Miners #AngloAmerican #Antofagasta #Pagegroup #CabPayments #Cirata
https://www.marketscreener.com/quote/currency/AUSTRALIAN-DOLLAR-US-DOLL-2373531/news/Stocks-up-as-Fed-chair-calms-some-rate-nerves-46361820/
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Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell. The FTSE 100 index added 32.56 points, 0.4%, at 7,970.00. Powell told a conference in California that the current risks to the US economy were "two-sided," with negative consequences for the economy if policymakers moved to cut rates too fast or too slow. But if the US economy continues to evolve as expected, most Fed participants still expect it will be "appropriate to begin lowering the policy rate at some point this year." Eyes now turn to Friday's nonfarm payrolls reading, which is expected to show the pace of jobs growth eased to 200,000 in March, from 275,000 in February. Gold powered higher as expectations of rate cuts from the Fed rose. Brent oil fell from USD89.69 to USD89.19 midday Thursday. Metal prices were also on the rise, with miners in demand as commodities prices continued to surge. Anglo American added 3.2%, while Antofagasta climbed 3.0%. PageGroup surged 5.5% after being raised to 'buy' from 'neutral' by UBS. CAB Payments jumped 12% after securing a payment service provider license. Cirata fell 27% as it reported annual results that were clouded by a possible fraud saga.
#StockMarket #FederalReserve #JeromePowell #Ftse100 #MiningStocks #NonfarmPayrolls #Gold #BrentOil #Miners #AngloAmerican #Antofagasta #Pagegroup #CabPayments #Cirata
https://www.marketscreener.com/quote/currency/AUSTRALIAN-DOLLAR-US-DOLL-2373531/news/Stocks-up-as-Fed-chair-calms-some-rate-nerves-46361820/