Pound treads cautiously ahead of BoE meeting
Global shares held around record highs on Thursday, supported by investor confidence in the prospect of a drop in U.S. interest rates this year, which also boosted gold, while the pound held steady ahead of a Bank of England meeting later in the day.
The MSCI All-World index was broadly steady at 805.19, having marked another record high on Wednesday, when U.S. markets were closed for a public holiday. “We still feel that this is a bank that wanted to cut six months ago and fully expect an implication of a cut in August, with the door open for more to come after,” he said.
A surge in tech stocks on Tuesday lifted AI chipmaker Nvidia above Microsoft as the world’s most valuable company, leading to a global rally in tech shares. Weston though cautioned that index market breadth has been poor, with participation underwhelming, suggesting the rally has been built on a shaky foundation.
Marketupdate Tsx Stocks Equities S&P Dow Jones Oil Banks Wall Street
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sherdog’s WMMA Pound-for-Pound Top 10Liz Carmouche displayed a flair for the dramatic in her latest Professional Fighters League appearance.
Read more »
Sherdog’s WMMA Pound-for-Pound Top 10Liz Carmouche displayed a flair for the dramatic in her latest Professional Fighters League appearance.
Read more »
Sherdog’s WMMA Pound-for-Pound Top 10It’s the end of an era—at least for now—in the women’s pound-for-pound rankings.
Read more »
Sherdog’s WMMA Pound-for-Pound Top 10It’s the end of an era—at least for now—in the women’s pound-for-pound rankings.
Read more »
Sherdog’s Pound-for-Pound Top 10 RankingsIslam Makhachev had to dig a little deeper than expected against Dustin Poirier.
Read more »
Sherdog’s Pound-for-Pound Top 10 RankingsIslam Makhachev had to dig a little deeper than expected against Dustin Poirier.
Read more »