Global markets were mixed as U.S. jobless claims rose, gold and platinum rallied, semiconductors fell after Broadcom’s margin outlook weighed on tech, and cannabis stocks surged on renewed rescheduling speculation.
Global equity markets mixed as Fed cuts rates for third time, U.S. jobless claims rise, and trade deficit narrows to lowest since June 2020.
The Federal Reserve’s decision to lower the federal funds rate by 25 basis points helped lift XLF by 1%. Key holdings moved in mixed: JPMorgan rallied on CEO commentary about cost management, while Wells Fargo announced job reductions as part of its restructuring efforts in investment banking.
VGT climbed 0.6% following the Fed’s decision to ease rates by 25 basis points. Apple edged higher after regulatory comments from Tim Cook, while Micron surged to an all-time high on bullish earnings forecasts tied to rising memory prices.
XLY advanced about 1% during Wednesday trading as the Fed’s latest 25-basis-point rate cut helped bolster consumer-discretionary momentum. Heavyweights including Amazon and Tesla led the move, supported by improving expectations for year-end spending.
Global equity markets mixed as investors await anticipated Fed rate cut amid easing inflation signals and cautious ECB outlook.
Global equity markets dip as investors anticipate a 25 basis point Fed rate cut amid cooling job market and inflation concerns, while Germany's trade surplus unexpectedly widens.
Global equity markets mixed as investors brace for Federal Reserve's anticipated interest rate cut amid mixed U.S. economic data and European resilience, while Asian markets decline on Japan's GDP contraction.
Global equity markets rise on strong German factory orders and U.S. labor data, while the Fed and Reserve Bank of India signal potential rate cuts to boost growth.
Global equity markets mixed as Fed rate cut expectations rise amid disappointing U.S. labor data and flat European retail sales.
Global equity markets rise on Fed rate cut expectations as positive economic data and tech stock trends bolster investor sentiment.
Global equity markets rise as Euro area inflation hits 2.2%, while Japan's bond yields fall and the British pound weakens amid rate cut expectations.
