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Investors shrugged off high inflation data, fueling a tech stock rally. Federal Reserve Chair Jerome Powell maintained a consistent stance on inflation, with plans for three rate cuts in 2024 and a cautious approach to balance sheet reduction.
XJO touches 7900 to close off strong Q1. Materials sector strong. Gold, Iron Ore and Lithium rise amid a rebound in resource prices
The S&P 500 clinched a fresh record closing high Wednesday, as Treasury yields slipped ahead of a speech from Federal Reserve governor Christopher Waller due later in the day and more cues on inflation.
Australian shares rebound amid steady February inflation at 3.4%, igniting rate cut hopes. Platinum slumps after $1.4 billion loss. Consumer staples lead gains; mining stocks falter.
Equities again drifted lower as investors digested data showing U.S. consumer confidence fell to the lowest level since November, just ahead of further remarks from Federal Reserve speakers and key inflation report later this week.
Australian shares drop as tech and real estate sectors decline, despite energy gains. S&P/ASX 200 down 21 points, mirroring Wall Street losses.
Equities closed lower Monday as big tech took breather ahead of key market-moving events this week including an update on inflation and remarks from Federal Reserve officials.
Real Estate helps XJO push above 7800. Materials and Tech also strong
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Equities edged higher but profit-taking capped gains on Friday after a week of record-setting advances fueled by a series of dovish central bank signals, while the dollar struggled to extend a gain as U.S. yields ticked lower.
Investors shrugged off high inflation data, fueling a tech stock rally. Federal Reserve Chair Jerome Powell maintained a consistent stance on inflation, with plans for three rate cuts in 2024 and a cautious approach to balance sheet reduction.
Fisher & Paykel Healthcare jumps after earnings. Energy stocks drag ASX lower
