Value Stocks Dodge Tech Rout as Reality Starts to Return
Despite the Nasdaq’s dip, ASX impact is minimal. Record low unemployment prompts economists to reassess rate forecasts, while commodities exhibit mixed performance amid market uncertainty.
Despite the Nasdaq’s dip, ASX impact is minimal. Record low unemployment prompts economists to reassess rate forecasts, while commodities exhibit mixed performance amid market uncertainty.
Exploring the unexpected market recovery: Key sectors outpace a sluggish economy, bolstered by policy speculation and strategic guidance upgrades.
Tech stocks surge, led by Google, amid strong quarterly results from PepsiCo and Delta. AI advances and cooling inflation fuel market optimism despite potential rate hikes.
ASX rallied 1.6% as cooling US inflation and a weakening dollar fueled markets, while a sharp drop in China’s exports stoked further stimulus calls.
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.