Latest consumer price data boosts hopes that the Fed could end rate hikes soon
Buoyed by cooler than expected US inflation data, Europe’s main indices continued to gain momentum. The blue-chip Stoxx 50 added more than 1.7 per cent. while the cross-continent Stoxx 600 was up by 1.5 per cent.rose between 4 per cent and 6 per cent after Jefferies raised price targets on the stocks.rose 3.7 per cent after the French defence group said it had initiated talks to buy supplier Cobham Aerospace Communications for almost €1 billion.shares fell 4.
Ten of the 11 major S&P 500 sectors advanced, led by gains in consumer discretionary stocks that added 1.1 per cent in early trading.added 2 per cent after the Financial Times reported that chip designer Arm is in talks to bring the megacap firm in as an anchor investor in advance of its planned listing.shed 0.6 per cent as Bank of America downgraded the networking equipment maker’s rating.
Major banks will kick off the earnings season later this week, with JPMorgan Chase, Wells Fargo and Citigroup reporting results on Friday. The results from US banks are unlikely to provide clarity on areas of uncertainty, although there could be the first signs of a trough in net interest margin, Citigroup wrote in a note downgrading JPMorgan to neutral. – Additional reporting: Reuters, Bloomberg
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Markets recover some poise after a week of lossesData out of China point to sluggish economy and put pressure on stocks seen as having local exposure
Leer más »
Leo Varadkar slams 'drip-fed' revelations in RTE scandalTaoiseach Leo Varadkar said that it is clear to everyone that RTÉ's reputation and finances are in trouble.
Leer más »
US inflation slows to 3% as rate rises biteMarkets pricing in a more than 90% chance of quarter point Fed rate rise this month even as inflation hits 27-month low via IrishTimesBiz
Leer más »
Novak Djokovic equals Roger Federer semi-final mark with latest Wimbledon winNovak Djokovic equals Roger Federer's record for most men's grand slam singles appearances
Leer más »
North Korea fires long-range missile after latest condemnation of USPyongyang had threatened retaliation against what it said were recent US spy plane incursions
Leer más »
What happens next for Ryan Tubridy and will he get RTE job back - scandal latestThe former Late Late Show host addressed two Oireachtas committees on Tuesday over the RTE payments scandal, which revealed he received €345,000 in non-disclosure payments over a five-year period.
Leer más »