ASX Set to Edge up, European Markets Advance; BHP Results Ahead
Softer US inflation data boosted expectations for Federal Reserve rate cuts in June or July, lifting global stocks including a 0.4% rise in S&P 500 futures, analysts said.
5 Articles
5 Articles
ASX set to edge up, European markets advance; BHP results ahead
Stocks and bonds posted small moves amid muted holiday trading after Friday’s benign US inflation data reinforced expectations that the Federal Reserve will cut interest rates this year.
Stocks Climb on Rate-Cut Wagers, Bonds Trade Flat: Markets Wrap
(Bloomberg) -- Stocks gained and bonds steadied after benign US inflation data reinforced expectations that the Federal Reserve will cut interest rates this year. Trading volumes were thin with the US and China shut for public holidays.
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