Several U.S. Federal Reserve officials speak later in the day; Australia keeps its rates at 12-year high
World shares ticked higher on Tuesday as an uneasy calm held in Europe and traders awaited remarks from a bevy of U.S. Federal Reserve officials, while the Australian dollar firmed after its central bank kept rates steady while warning about inflation.
“Markets have been settling down after last week’s moves in French government bonds and we have had some comments from Le Pen saying she was respectful of institutions,” said Lee Hardman senior FX strategist at MUFG. The gap between French and German 10-year government bond yields – a gauge of risk premium on French government bonds – narrowed to 72 basis points after hitting 82.34 bps on Friday, its highest level since February 2017.
“Optimism over a resilient economy, improving corporate earnings and the potential start of rate cuts have supported equities, defying concerns that the rally has been concentrated in just a few mega-cap tech stocks,” said Jameson Coombs, an economist at Westpac.The Reserve Bank of Australia was first up in a busy week for central banks. It kept rates at a 12-year high of 4.
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.
Premarket: World shares hold firm, traders await inflation dataU.S. PCE inflation and CPI numbers from major euro zone economies this week could jolt market
Read more »
Federal panel lists 35 'plausible' future threats to Canada and the worldA view of the Parker Lake wildfire near Fort Nelson, B.C. is shown on Monday, May 13, 2024 in a B.C. Wildfire Service handout photo.
Read more »
Premarket: Global stocks slide ahead of U.S. Fed minutes while crypto soarsGold eased back from Monday’s all-time peak, while crude oil declined on worries of U.S. interest rates staying high for longer
Read more »
Premarket: Stocks slip on inflation jitters, offsetting Nvidia hopesMarket also waiting for possible clues in U.S. Federal Reserve meeting minutes on when it will begin to bring down interest rates
Read more »
Premarket: Stocks catch a ride higher with Nvidia; investors cautious over ratesWall Street futures pointed higher after closing down yesterday
Read more »
Premarket: Global stocks slide as rate worries dent risk appetiteRobust U.S. and German economic data bolstered prospects of interest rates staying higher for longer
Read more »