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BHP Surges Higher to Boost ASX; Tech Shares Slump; Santos Case Dismissed
Softer US inflation increased bets on Federal Reserve rate cuts in June and July, lifting global equity indexes including S&P 500 futures and Stoxx Europe 600 amid thin holiday trading.
Summary by WA Today
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Sydney Morning Herald+3 Reposted by 3 other sources
ASX set to edge up, European markets advance; BHP results ahead
Stocks and bonds posted small moves amid muted holiday trading after Friday’s benign US inflation data reinforced expectations that the Federal Reserve will cut interest rates this year.
·Sydney, Australia
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Stocks Climb on Rate-Cut Wagers, Bonds Trade Flat: Markets Wrap
(Bloomberg) -- Stocks gained and bonds steadied after benign US inflation data reinforced expectations that the Federal Reserve will cut interest rates this year. Trading volumes were thin with the US and China shut for public holidays.
·Bern, Switzerland
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Total News Sources5
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
Factuality
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