On Wall Street, stocks are boosted by gains in technology-related shares, but regional bank shares fall after the Biden administration proposed stronger measures to help reduce risk.
NEW YORK, USA – Stock indexes advanced on Thursday, March 30, but finished below their session highs while the dollar declined as investors turned their focus to upcoming inflation data and the outlook forLonger-dated US Treasury yields fell ahead of personal consumption expenditures data due out Friday, March 31. Economists polled by Reuters expect core prices rose by 0.4% in February and posted an annual increase of 4.7%.
The US dollar slipped to a one-week low against the euro as German inflation data helped lift the common currency. And oil prices rose more than 1% on lower US crude stockpiles and an export halt from Iraq’s Kurdistan region, which offset pressure from a smaller-than-expected cut to Russian supplies.
Thursday’s signs of risk appetite among investors stemmed from hopes that bank turmoil has been contained as well as bets that central banks around the world are near the end of their interest rate hiking cycles, according to Jeff Kleintop, chief global investment strategist at Charles Schwab. But some investors were concerned by hawkish comments from Federal Reserve officials on Thursday as they braced for Friday’s key economic data as well as potential volatility from traders’ end-of-quarter efforts to square up positions.
“Traders are gearing up for what could be a more volatile day tomorrow and not making any big bets,” said Leo Grohowski, chief investment officer at BNY Mellon Wealth Management.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Russia detains Wall Street Journal reporter on espionage claimsMOSCOW, Russia - A US journalist working for the Wall Street Journal has been detained in Russia on suspicion of spying for Washington, Russia's FSB security service said on Thursday.
Baca lebih lajut »
Wall Street Journal reporter arrested in Russia on spying chargesA Wall Street Journal reporter has been arrested in Russia on suspicion of espionage, the first time an American journalist has been detained on accusations by Moscow of spying since the Cold War.
Baca lebih lajut »
European stocks get tech lift, UBS climbs on naming Ermotti as CEOEuropean shares rose, echoing an upbeat mood in Asian markets following Chinese tech giant Alibaba’s break-up plans, while strong outlook from chipmaker Infineon and a CEO change at Swiss bank UBS further aided the mood. | Reuters
Baca lebih lajut »
Stocks creep toward quarterly gain as bank fears subsideAsia’s stock markets held recent gains as fears of a banking crisis receded and investors weighed whether a break-up of Chinese conglomerate Alibaba signals Beijing’s regulatory storm aimed at tech companies might finally be clearing. | Reuters
Baca lebih lajut »
Stocks end higher on thin tradesLocal shares continued to slowly inch up yesterday, March 30, on the back of gains in US bourses. ManilaBulletin
Baca lebih lajut »
Philippine stocks firm up as US banking jitters waneMANILA -The benchmark Philippine Stock Exchange Index (PSEi) extended gains on Thursday after Wall Street had rallied on fading banking crisis woes and steady buying from foreign investors. By
Baca lebih lajut »