Easing Inflation Drives Stocks Higher
Equities climbed as slowing inflation data eased pressure on Treasury yields, stirring optimism for a potential final rate hike, fueling a rally in tech and commodities.
Equities climbed as slowing inflation data eased pressure on Treasury yields, stirring optimism for a potential final rate hike, fueling a rally in tech and commodities.
ASX gears up for a robust day, influenced by China’s expected stimulus, U.S. cyclical and banking upswing, and policy developments from central banks of New Zealand and Australia.
Equities rebounded Monday, bracing for key inflation data ahead of Federal Reserve’s policy meeting, despite market fluctuations and inflation concerns.
U.S. job growth undershot forecasts, easing fears of aggressive Fed rate hikes, benefiting energy stocks while defensive sectors fell back.