![]() ‘Also helping sentiment was good news from Amazon and Apple, with both managing to deliver better-than-expected sales despite rising prices and a weakening consumer outlook.’ ‘With many of the big US names reporting this week and the Federal Reserve delivering its latest decision on rates, this always felt like a make or break week, and fragile markets have just about emerged intact,’ said AJ Bell investment director Russ Mould. In Frankfurt, the DAX 40 was 1.2% higher. In Paris, the CAC 40 stock index was up 1.0%. The Cboe Small Companies was up 0.3% at 13,819.61. The Cboe UK 100 index was up 0.5% at 737.07. The AIM All-Share index was up 5.96 points, or 0.7%, at 919.08. It also has caused a fresh headache for President Joe Biden, who has seen his approval ratings plummet ahead of midterm elections in November. ![]() This fuelled predictions of recession and therefore less need for big additional rate hikes by the US Federal Reserve. Strong numbers from Apple and Amazon in the US and from NatWest and Standard Chartered helped to lift investor sentiment.Įxpectations for the peak of the US tightening cycle were being scaled back, after the US economy contracted for a second straight quarter between April and June, according to official data released on Thursday. ![]() European stock markets were on the rise at the end of an eventful week, on a combination of positive earnings from big-name companies on both sides of the Atlantic and growing expectations that interest rates hikes may top out sooner than previously expected. ![]()
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