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Stocks Rally on Rate-Relief Wagers; Pound Slips: Markets Wrap.
In: Bloomberg.com, 2023-11-15, S. N.PAG
Online
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Zugriff:
Stocks rallied as investors reacted positively to lower-than-expected inflation rates in the US and UK, suggesting that central banks may not raise interest rates as aggressively as previously anticipated. The Stoxx 600 Index in Europe rose by 0.6%, while the FTSE 100 index in London advanced by over 1%. The pound slipped after UK inflation slowed more than forecast, leading to optimism that the Bank of England may halt its rate hikes. Investors are now awaiting data on US retail sales and producer prices, which could impact expectations for future rate cuts. [Extracted from the article]
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Stocks Rally on Rate-Relief Wagers; Pound Slips: Markets Wrap.
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Autor/in / Beteiligte Person: | Rao, Sujata ; Hsu, Winnie |
Zeitschrift: | Bloomberg.com, 2023-11-15, S. N.PAG |
Veröffentlichung: | 2023 |
Medientyp: | serialPeriodical |
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