A gauge of global stock markets rose on Thursday while the dollar dropped and gl...
TOKYO - A gauge of global stock markets rose on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signaled possible interest rate cuts later this year.
Signs that China and the United States are returning to the negotiating table after a six-week hiatus also bolstered risk sentiment. On Wall Street, the S&P 500 gained 0.3% to 2,926, just 19 points off its record closing high hit on April 30. Japanese 10-year bond yields slipped 1.5 basis points to minus 0.155%, matching three-year lows while Australian yield hit a record low below 1.3%.
“While we expect ‘insurance’ rate cuts this year, we think the timing and magnitude of any policy easing is uncertain and somewhat dependent on U.S.-China trade relations,” said Andrew Wilson, CEO of Goldman Sachs Asset Management for EMEA and global Head of fixed income.
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.
Global stocks rally, bond yields plunge after Fed hints at rate cutsA gauge of global stock markets edged near this year's peak while benchmark...
Read more »
Stocks look set to drift up near records as investors await crucial Fed decisionStock-index futures were mired in muted action Wednesday as investors awaited a key decision by the Federal Reserve that could determine whether Wall Street is likely to get a highly anticipated rate cut, or cuts, this year.
Read more »
One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Read more »
Global stocks gain, dollar weakens after Fed signals possible rate cutsWorld stocks held near two-week highs as investors bet on a wave of central bank stimulus
Read more »
Stocks approach record as Fed soothes Wall Street's fearsThe S&P 500 approached a record high on Wednesday after the Federal Reserve sign...
Read more »
Stocks in Asia set to gain as Fed opens door for potential rate cutThe Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word word 'patient ' from its statement and said it would 'act as appropriate' to sustain the economy.
Read more »