MSCI’s all-country equity gauge rose 0.2 per cent following news Thursday that the U.S. economy was growing robustly
Futures tracking Wall Street’s tech-heavy Nasdaq 100 index added 0.7 per cent in response to AmazonIn early trading, Britain’s FTSE 100 was up 0.3 per cent, Germany’s DAX was 0.5 per cent higher and France’s CAC 40 was down 0.4 per cent.
Still, analysts noted that any signal central banks’ recent victories against inflation were losing ground could renew speculation about even more rate hikes to come. The Fed holds its next interest rate-setting meeting next week. The world’s most influential central bank is widely expected to keep its funds rate in a range of 5.25-5.5 per cent, although chair Jay Powell has said a strong economy and tight jobs market could warrant more rate rises.
“In the current environment, uncertainty for monetary policymaker has increased significantly,” he said.U.S. fighter jets struck In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.9 per cent after hitting a fresh 11-month low on Thursday.
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