Wall Street is expected to rebound Thursday after the previous session's decline, with the focus shifting to the Bank of England's policy decision. Apple's AI partnerships and Micron's guidance also capture attention.
Wall Street is projected to rebound Thursday following the previous session's decline triggered by the Fed eral Reserve's policy announcement. The Bank of England's policy decision is next on the docket, and while it's anticipated to maintain interest rates, its stance could influence market sentiment. Apple is reportedly collaborating with Chinese partners for its artificial intelligence initiatives, while Micron has issued disappointing guidance. In the UK, inflation climbed to 2.
6% in November, surpassing the Bank of England's 2.0% target. Pay growth also exceeded expectations, raising concerns about underlying inflationary pressures. Despite expectations for a gradual easing of monetary conditions, the Bank of England's potential hawkish stance could impact market expectations. The Bank of Japan kept interest rates steady, citing cautiousness over the Japanese economic outlook and inflation trajectory. The BOJ projects CPI inflation to increase in 2025, fueled by a positive cycle of rising wages and consumer spending. US stock futures are showing modest gains, recovering from Wednesday's sharp sell-off following the Federal Reserve's revised interest rate outlook for next year. The Fed's decision to cut interest rates but signal a slower pace of reductions compared to previous forecasts led to a decline in major Wall Street indices
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