Economic events
Another reason for market pep: A global central bank easing cycle is starting
There’s another reason why Wall Street had such a big day on Thursday besides some solid economic data. Investors are realizing we are in the middle of a massive, synchronized global central bank easing cycle and the Federal Reserve is about to join the party. In the past, such massive monetary easing has given a […]
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Dow jumps 500 points, Nasdaq adds 2% as comeback rally gains steam: Live updates
Small cap stocks outperform large and mid-cap stock indexes Thursday With investors reassured by stronger-than-expected July retail sales about the state of the U.S. economy, small cap stocks are outperforming mid- and large cap stocks at midday Thursday. The Russell 2000 small cap index was recently ahead almost 2.8% against gains of about 2.1% in […]
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European markets higher as investors digest UK growth, cooler-than-expected U.S. inflation
The London skyline. Vuk Valcic Sopa Images | Lightrocket | Getty Images LONDON — European stocks were higher Thursday, maintaining the week’s positive momentum as investors digest cooler-than-expected inflation readings in the U.S and U.K. The regional Stoxx 600 index was up 0.2% at 9:38 a.m. in London, with healthcare stocks leading gains, up 0.5%. […]
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Japan second-quarter GDP beats expectations, expands 0.8% from previous quarter
Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, April 25, 2023. Photographer: Kentaro Takahashi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Japan’s second-quarter gross domestic product beat analysts’ expectations on Thursday, both on a quarter-on-quarter as well as an annualized basis. GDP rose 0.8% quarter on quarter compared […]
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Europe stocks nudge higher; Sterling gains after UK wage growth falls to two-year low
European stocks closed higher last Friday as investors digested economic data from the region including a preliminary U.K. second-quarter GDP reading, July inflation prints out of France, Spain and Italy, and euro zone industrial production for June. Camilla Cerea | Bloomberg via Getty Images LONDON — European stocks were slightly higher on Tuesday, as market […]
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European markets open higher as rebound continues; U.S., UK inflation in focus this week
The London skyline. Andrea Pucci | Moment Open | Getty Images LONDON — European stocks kicked off the new trading week higher, with U.S. and U.K. inflation data set to dominate focus this week. The pan-European Stoxx 600 index nudged 0.3% higher at Monday’s open as investors hunt for signs that last week’s market rout […]
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Markets just had the most volatile week since the pandemic outbreak — What we learned
A wild week of trading on Wall Street ended with the S & P 500 back roughly where it started, but the lessons learned by whipsawed investors over those five days could determine what happens next. The S & P 500 had its worst day since 2022 on Monday, and then its best since 2022 […]
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Harris erases Trump’s lead on economy among younger Americans, CNBC/Generation Lab survey finds
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. Brendan Mcdermid | Elizabeth Frantz | Reuters Younger Americans do not appear to hold Vice President Kamala Harris responsible for what many of them believe is a worsening U.S. economy under the Biden-Harris administration, according to a new survey from CNBC […]
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10-year Treasury yield dips as traders weigh state of U.S. economy after latest data
U.S. Treasury yields were lower Friday as investors continued to assess the state of the U.S. economy after labor data buoyed sentiment. The yield on the 10-year Treasury was around 6 basis points lower at 3.938% at 8:57 a.m. ET, nonetheless holding near the level it was at last week before a weak U.S. jobs report helped trigger […]
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Asia-Pacific markets set to rise as U.S. stocks bounce back from rout
Sunrise around the Bund river district on November 02, 2023 in Shanghai, China. James D. Morgan | Getty Images News | Getty Images Asia-Pacific markets are set to open higher on Friday, tracking gains on Wall Street after new labor market data boosted investor confidence in the U.S. economy and eased recession concerns following a sharp market […]
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