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Stocks Advance as Markets Cheer Weak Inflation
Markets rose on hopes of US Federal Reserve rate cuts next year, boosted by a 2.7% inflation slowdown and strong tech earnings including Micron and TikTok-Oracle deal.
- On Friday, global stock markets pushed higher as expectations for lower US interest rates cheered investors, while traders said the US consumer price index triggered a dip-buying rally.
- In Europe, Germany's central bank on Friday predicted a slower recovery, while the European Central Bank kept eurozone borrowing costs unchanged, creating regional policy divergence.
- After Wednesday, Micron Technology's earnings soothed tech fears, and shares surged 5.5 percent, following gains of over 10 percent on Thursday, boosting the Nasdaq.
- The Nasdaq gained, with the Magnificent Seven tech stocks, including Nvidia and Alphabet, gaining 0.6 percent, supporting broader index rises, as market optimism grew.
- Looking ahead, US consumer inflation in November slowed to 2.7 percent, fueling hopes the Fed may cut rates next year, but John Williams said the data may be `distorted`.
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20 Articles
20 Articles
Reforma+2 Reposted by 2 other sources
The S&P 500 won 0.78%, at 6 thousand 773.91 points; the Nasdaq sum 1.37%, at 23 thousand 004.92; and the Dow Jones rose 0.14%, at 47 thousand 955.33 integers.
·Mexico City, Mexico
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Total News Sources20
Leaning Left2Leaning Right3Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
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