newagebd.net on Nostr: Global stocks diverge as US rate cut hopes diminish ========== Wall Street swung ...
Global stocks diverge as US rate cut hopes diminish
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Wall Street swung higher but European stocks fell on Friday as investors fret over data suggesting the US Federal Reserve could keep interest rates higher for longer. Asian and European stock markets fell following Wall Street losses Thursday as better-than-expected US data compounded worries the Federal Reserve will hold off on cutting interest rates this year. European and US indices have rallied to new records in recent days thanks to solid first quarter earnings by companies and their positive outlook despite the fact it is looking increasingly unlikely the Fed will begin cutting interest rates this year. Other data showing the US economy is coping with high interest rates, thus reducing any pressure on the Fed to cut them, has also been denting confidence in a quick reduction in borrowing costs. London was additionally hit by data showing a 2.3-per cent April slump in UK retail sales, days after hotter-than-expected inflation doused chances of a Bank of England rate-reduction any time soon.
#Stocks #UsFederalReserve #InterestRates #WallStreet #EuropeanStocks
https://www.newagebd.net/post/stocks/235982/global-stocks-diverge-as-us-rate-cut-hopes-diminish
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Wall Street swung higher but European stocks fell on Friday as investors fret over data suggesting the US Federal Reserve could keep interest rates higher for longer. Asian and European stock markets fell following Wall Street losses Thursday as better-than-expected US data compounded worries the Federal Reserve will hold off on cutting interest rates this year. European and US indices have rallied to new records in recent days thanks to solid first quarter earnings by companies and their positive outlook despite the fact it is looking increasingly unlikely the Fed will begin cutting interest rates this year. Other data showing the US economy is coping with high interest rates, thus reducing any pressure on the Fed to cut them, has also been denting confidence in a quick reduction in borrowing costs. London was additionally hit by data showing a 2.3-per cent April slump in UK retail sales, days after hotter-than-expected inflation doused chances of a Bank of England rate-reduction any time soon.
#Stocks #UsFederalReserve #InterestRates #WallStreet #EuropeanStocks
https://www.newagebd.net/post/stocks/235982/global-stocks-diverge-as-us-rate-cut-hopes-diminish