A look at the day ahead in U.S. and global markets from Mike
Dolan
After a week of worldwide stock market records, Friday seems set
for a breather - with attention switching to the.
After a week of worldwide stock market records, Friday seems set for a breather - with attention switching to the deepening Chinese housing bust and sweeping government plans to stop the rot there. Thursday's saw the blue-chip Dow Jones briefly top the 40,000 milestone as the S&P500, Nasdaq and MCSI all-country index all clocked all-time intraday highs too. Signs of U.S. disinflation resuming and the wider economy cooling all stoked hopes that Federal Reserve interest rate cuts are indeed coming - with annual corporate profit growth and year-to-date stock index gains revving up into double digits.
By Mike Dolan LONDON (Reuters) - Becalmed by a likely interest rate cut as soon as next month, euro zone government bond markets seem serene - but the European Central Bank continues to fret about leftfield shocks. Cosseted largely by more than a d.
Morning Bid: Dow Flirts With 40k, China Fights Homes Bust usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
A look at the day ahead in U.S. and global markets from Mike Dolan World stocks notched new records and the dollar nursed its worst day of the year as fears of an. -May 16, 2024 at 06:04 am EDT
- MarketScreener