Financial Digest

Global shares edge up as Fed pause bets bolster sentiment

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Global equities were set for a small weekly gain on Friday following a Wall Street rally overnight, as rising bets the Federal Reserve will skip a rate increase next week overshadowed worries about U.S. markets being drained of cash.

rose 0.62%. Its gains put the benchmark index up 20% from its Oct. 12 closing low and heralded the start of a new bull market, at least by the definition of some market participants.Fed Chair Jerome)

The U.S. dollar index , which measures the currency against a basket of six major peers, rebounded 0.2% to 103.52.Elsewhere, the Turkish lira extended its decline to a new record low of 23.5 per dollar, even as President Tayyip Erdogan'sof a U.S. banker as central bank chief sent a strong signal for a return to more orthodox policy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indian shares flat as IT slide offsets Fed pause optimismIndian shares were little changed on Friday, as a slide in high-weightage IT stocks offset optimism due to improved sentiment from the increased probability of a rate pause from the U.S. Federal Reserve.
Source: Reuters - 🏆 2. / 97 Read more »