US stocks rallied at the start of the holiday-shortened week, with the S&P 500 rising 1.6%, the Nasdaq surging 2.6%, and the Dow Jones Industrial Average rising more than 300 points as investors grew more confident that the Fed would soon ease policy.
New York Fed President John Williams hinted at room for an interest rate cut in the near future, and Fed Governor Christopher Waller said recent labor market weakness makes a December rate cut plausible. According to CME FedWatch, futures markets currently have a roughly 79% probability of a 25-bps rate cut at the December 9-10 meeting. Traders also face a busy economic calendar this week, including pending US retail sales and PPI data, which could still influence the Fed's final decision.
Technology led the gains, with Broadcom surging more than 10% on revived AI infrastructure trading, and Alphabet surging more than 4% after Gemini 3-related developments pushed its shares past Microsoft in market value, while Tesla rose more than 7% after Elon Musk signaled progress on its next-generation AI chip. (alg)
Source: Trading Economics
Asian stock markets continued their rally for a third day, tracking gains on Wall Street. Indexes in Japan, South Korea, and Australia opened higher after the S&P 500 rose 0.9% and the Nasdaq 100 ...
The Dow Jones Industrial Average closed higher on Tuesday (November 25th) after posting another rally, as traders weighed expectations for a Federal Reserve interest rate cut and the state of artifici...
European stocks advanced on Tuesday as regional markets cemented their positive start to the week. The pan-European Stoxx 600 closed the session preliminarily 0.9% higher, with most major bourses and...
Stocks in Europe edged higher on Tuesday, with both the STOXX 50 and the STOXX 600 gaining nearly 0.2%, extending the modest advance from the previous session. Rising expectations of a Fed rate cut ne...
Asian stocks rallied, following Wall Street's gains, buoyed by confidence that the Federal Reserve could cut interest rates in December and a rebound in technology stocks. Japanese and South Korean st...
The Japanese yen held its recent advance to around 156 per dollar on Wednesday, hovering at one-week highs and benefiting mainly from dollar weakness as traders ramped up bets on a US Federal Reserve rate cut in December. Those expectations grew...
The dollar index held below 100 on Wednesday, continuing its decline from the previous session. Pressure stemmed from weak US economic data, reinforcing market confidence that the Fed will cut interest rates at its December meeting. Data showed...
Oil prices remain stuck near their lowest levels in a month, with WTI around US$58 and Brent around US$61 per barrel. The market is clouded by the potential for peace in Ukraine, which could ease sanctions on Russian oil, while the IEA projects a...
European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest...
Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still...
U.S. President Donald Trump said fiscal revenue from his trade tariffs is set to "skyrocket" in the coming months as inventory levels among local...
European stocks recovered in afternoon trading and closed slightly higher on Monday (November 24th), paring losses from the previous week thanks to...