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Global Markets React to US Inflation Surprise, Chinese New Year Break, and Spring Festival Holiday Market Review /
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2024-07-09 09:01:50

Global Markets React to US Inflation Surprise, Chinese New Year Break, and Spring Festival Holiday Market Review on Nostr: US stocks hit record highs, but concerns arise over Powell's testimony ...

US stocks hit record highs, but concerns arise over Powell's testimony
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#6b553831 ver:1.21

US stocks hit record highs fueled by optimism over accommodative monetary policy, but concerns arise over Powell's testimony. Investors crave more signals of potential rate cuts. Asian shares rise as markets hope for a dovish stance from Powell. European indices close in the negative, with French CAC 40 underperforming. French assets and euro affected by prospect of increased taxes and spending. US dollar steadies near four-week lows. Gold price attempts a bounce while defending psychological support. Litecoin sees recovery with strategic dip-buying surge. US inflation data to be released on Thursday. #StockMarket #FederalReserve #MonetaryPolicy #Powell #Inflation...

#newstr #UsStocks #FederalReserve #Ecb #Euro #Japan #Yen #UsEconomicSlowdown #StockMarkets #Inflation #JeromePowell'sSemiannualTestimony

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