EUROPEAN EQUITY STRATEGY: BOFA GLOBAL RESEARCH RAISES LUXURY GOODS SECTOR TO OVERWEIGHT FROM MARKETWEIGHT . -May 17, 2024 at 05:48 am EDT
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Stateside equity futures flat, Dollar firmer vs G10 peers & Bonds pressured ahead of supply and Fed speak - Newsquawk US Market Open zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Investors are racing to buy British debt as traders ramp up bets that the Bank of England will start cutting interest rates before the US Federal Reserve. Official data showed the US rose by more than expected in March in a blow to US rate cut hopes.
U.S. Treasury yields
fell further and a gauge of global equity markets tried to
rebound on Thursday as investors took the long view that
interest cuts by the Federal Reserve and other central.