Global shares were mostly higher Wednesday, as investors watched for key inflation data likely to influence the Federal Reserve's stance on interest rates.
FILE - The New York Stock Exchange on Wednesday, June 29, 2022 in New York. – Wall Street inched slightly higher early Wednesday ahead of the release of key inflation data likely to influence the Federal Reserve's stance on interest rates.
A higher reading than expected would likely raise expectations the Fed will raise rates by another quarter of a percentage point at its next meeting in May. Higher rates can undercut inflation, but in slowing the economy they raise the risk of a recession and hurt prices for stocks and other investments.
In Europe, France's CAC 40 added 0.4%, Germany's DAX edged up 0.2% and Britain's FTSE 100 climbed 0.6%. On Wall Street on Tuesday, the S&P 500 had its smallest one-day move in more than a year, slipping 0.17 points, or less than 0.1%. Most of the stocks in the index rose, as did the Dow Jones Industrial Average, which gained 0.3%. The Nasdaq composite slipped 0.4%.
Investors will get updates on what CEOs say about current and upcoming conditions. One fear is that banks in particular could pull back on their lending following all the turmoil in their sector, caused in part by the past year’s swift leap in interest rates.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Wall Street 'Overjoyed' as Biden Lets Medicare Advantage Insurers Off EasyOne healthcare stock analyst called the Biden administration's weakened reforms a 'sigh of relief' for the insurance industry.
Lire la suite »
Wall Street slips, dollar gains as Fed seen hiking rates in May By Reuters*WALL STREET SLIPS TO START THE WEEK, DOLLAR GAINS AS FED SEEN HIKING RATES IN MAY $DIA $SPY $QQQ $USD 🇺🇸🇺🇸
Lire la suite »
Wall Street banks to reveal weak quarterly earnings, bleak outlook for 2023Earnings per share of the six largest US banks including JPMorgan Chase, Morgan Stanley, and Goldman Sachs are expected to decline by around 10% from the previous year.
Lire la suite »
Wall Street ends mixed with inflation data, earnings on tapSome Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month's regional banking crisis and a slowing economy expected to hurt profitability
Lire la suite »
U.S. finds Wall Street Journal reporter in Russia is ‘wrongfully detained’The Biden administration formally determined Monday that a Wall Street Journal reporter arrested in Russia on espionage charges has been “wrongfully detained.”
Lire la suite »
US designates Wall Street Journal reporter Evan Gershkovich as wrongfully detained by Russia | CNN PoliticsEvan Gershkovich, the Wall Street Journal reporter who is being held in Russia, has been designated as wrongfully detained by the US State Department
Lire la suite »