Stocks gain and bond yields retreat amid hopes that central banks may have reached peak hawkishness
U.S. stock futures rose on Tuesday as bond yields fell amid hopes central banks may get less aggressive on rate-hiking plans.
What’s driving markets The S&P 500 was in line to extend the previous session’s 2.6% per cent bounce off 22-month lows. The U.S. ISM manufacturing index described expansion slowing faster than investors expected, and “gave a positive spin to the market,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
“The cross-asset reaction to the RBA’s below-consensus 25bp rate hike is critical from a risk-taking perspective to determine if markets can bring relief from the first ‘soft’ pivot from a major central bank following the recent spike in cross-asset volatility,” said Stephen Innes, managing partner at SPI Asset Management.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supreme Court rejects challenges to federal ban on bump stocks, classifying them as machine gunsThe Supreme Court announced Monday it would not hear a challenge to the federal ban on bump stocks, which classifies the devices as “machine guns.”
Read more »
Stocks kick off October with a huge rally | CNN BusinessStocks kicked off October with more treats than tricks for investors. The market rallied to begin the fourth quarter, despite growing worries about the financial health of European banking giant Credit Suisse and weak economic data.
Read more »
Monthly Forex Seasonality – October 2022: US Dollar Rallies; Gold & Stocks ReboundThe tenth month of the year typically sees more positive results for the US Dollar. The Euro and the Japanese Yen tend to underperform the rest of the majors in October. October has been a better month for both gold prices and US stocks.
Read more »
South Korean and Japanese Defense Stocks Are Rallying After North Korea Fired a Missile Over JapanShares of South Korean and Japanese defense firms rose sharply in Asia’s session after the North launched a ballistic missile that flew over Japanese territory.
Read more »
INDIA STOCKS Indian shares rise 2% as banks, metals surgeIndian shares rose 2% on Tuesday, led by gains in banks and metal companies, as an attempted bounce in global equities and upbeat quarterly updates from companies lifted investor sentiment ahead of the corporate earnings season.
Read more »
Week Ahead: Stocks To Gyrate On Technicals, Mester, Jobs Data | Investing.comMarket Overview Analysis by Pinchas Cohen/Investing.com covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, NASDAQ Composite. Read Pinchas Cohen/Investing.com's latest article on Investing.com
Read more »