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Wall Street stocks mostly held on to their previous gains on Friday, while the dollar stayed near 15-month lows, after U.S. inflation data unleashed a wave of investor optimism that the Fed was nearing the end of its rate-hiking cycle.
U.S. stocks extended recent gains to end higher on Thursday, with the Nasdaq rising more than 1% for a second straight day, as data showed the annual increase in U.S. producer inflation was the smallest in nearly three years.
Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices.
Global shares rose on Tuesday, a day ahead of U.S. inflation data that could warrant a quicker end to Fed rate hikes, while the prospect of China propping up growth helped to lift oil and other commodities.
Wall Street stocks rose slightly on Monday, while the dollar dipped, as investors digested Chinese economic data and looked ahead to a key U.S. inflation report and corporate earnings.
After the June jobs report showed a cooling but still-hot picture of the labour market, investors are looking to a key inflation report due Wednesday for more clues on the economy’s health.
MSCI's global equity index ended Friday's session virtually unchanged while the dollar was lower as government data showed that U.S. jobs growth slowed more than expected in June, easing worries about the outlook for Fed rate hikes.
MSCI's global index of stocks fell on Thursday while Treasury yields rose as a surge in U.S. private payrolls prompted concerns that interest rates would stay higher for longer.
MSCI's global equities index lost ground on Wednesday after weaker-than-expected overseas data as investors awaited upcoming U.S. inflation readings.
European shares were steady in thin trading on Tuesday, with a lack of fresh economic data from the region and uncertainty around the direction of global interest rates keeping investors cautious.
Wall Street stock indexes ended Monday's shorter session up slightly along with U.S. Treasury yields, as investors weighed up a mixed bag of economic data ahead of second-quarter earnings and uncertainty over the direction of central bank policy.
Wall Street closed sharply higher and the dollar softened on Friday as investors closed the books on a solid quarter, with data showing progress in the Fed's efforts to tame inflation.
The S&P 500 advanced on Thursday and benchmark Treasury yields hit their highest level since early March as robust economic data helped ease recession fears.
The Nasdaq Composite Index closed higher and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate hikes are probably in the cards.
