Closing Bell 10th May: ASX Climbs on Energy Boost and China Recovery Hopes
The Australian Stock Exchange saw gains, led by energy companies as optimism over China’s economic rebound and rising commodity prices fueled market enthusiasm.
May 10, 2024
Bulls vs. Bears: Stocks sail higher on rate cut optimism
The investor sentiment pattern, in the US equity market in particular, is of extreme selective hearing with any weakness in the economy cheered because it will trigger rate cuts, while any strength in the economy is cheered as “proof” of a soft landing.
Pre-Market Pulse 10th May – Stocks sail higher on rate cut optimism
The DOW notched its 7th straight gain for the day as slightly higher US jobless claims pushed Treasury yields back to levels prior to rate hike chatter in early April