Asia-Pacific Markets Set for Higher Open After Wall Street's Rebound Rally
The Dow Jones Industrial Average gained 435.98 points, or 1.40%, to end the day at 31,581.28. The S&P 500 rose 1.83% to 3,979.90 and the Nasdaq Composite ticked up 2.14% to 11,791.90, breaking a seven-day losing streak.Federal Reserve Vice Chair Lael Brainard pledged on Wednesday to, saying that rising prices were hurting lower income households.
"We are in this for as long as it takes to get inflation down," Brainard said in prepared remarks for a speech in New York."So far, we have expeditiously raised the policy rate to the peak of the previous cycle, and the policy rate will need to rise further." Brainard said there was some examples of prices coming down in the retail sector but that there"also could be scope for reduction" in the profit margins of auto companies in particular.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Billionaire businessman explains how to invest like the best - CNN VideoDavid Rubenstein, author of 'How to Invest: Masters on the Craft' tells CNN's Matt Egan how the best investors approach their portfolios during times of volatility.
Les mer »
Asia-Pacific Markets Set for Higher Open After Wall Street's Rebound RallyInvestors will also be closely watching Federal Reserve Chair Jerome Powell’s speech Thursday.
Les mer »
Asian Stock Market: Bears keep reins amid downbeat Aussie/China data, hawkish Fed betsAsian Stock Market: Bears keep reins amid downbeat Aussie/China data, hawkish Fed bets – by anilpanchal7 Asia RiskAppetite Fed Recession Equities
Les mer »
Asia-Pacific Markets Trade Mixed; Australian Central Bank Decision AheadShares in the Asia-Pacific traded mixed at the open on Tuesday ahead of the Reserve Bank of Australia’s rate decision.
Les mer »
U.S. stock futures advance as Wall Street returns from Labor Day breakThe post-summer market began on Tuesday - following the Labor Day break - with Wall Street set to display a more positive mood than of late.
Les mer »