Shares and bonds rally as Fed feeds global rate peak hopes

shares-and-bonds-rally-as-fed-feeds-global-rate-peak-hopes
Shares and bonds rally as Fed feeds global rate peak hopes

European shares and bonds continued to rally on Thursday as traders bet that U.S. interest rates have reached their peak. This comes after Federal Reserve Chair Jerome Powell hinted that the central bank’s rate increases would slow down due to the strong Q3 U.S. GDP growth. The Bank of England’s upcoming rate decision is also being closely watched, with expectations that it may send a similar signal. Shorter-term bond yields are at two-month lows, and the dollar is weakening in the foreign exchange markets. The positive sentiment in the markets is also reflected in the performance of Asian shares and the anticipation of Apple’s quarterly results. The next major focus will be the U.S. non-farm payrolls data, which is expected to show a slowdown in job growth. Fed funds futures markets have reduced the likelihood of rate hikes in December and January, and there is now a 70% chance of U.S. rate cuts starting in June. Commodity markets, including Brent crude and gold, are also benefiting from the upbeat mood.

About News Team

Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

Have a tip we should know? tips@rhd.news

Most Read

  1. News
    Pandora Papers Financial Leak Shows Us the Secrets of the World’s Rich and Powerful
    3 years ago
  2. Health
    US Supreme Court Rejects J & J TALC Cancer Case Appeal
    3 years ago
  3. Lifestyle
    9 Habits that Drain your Daily Focus and How to Avoid Them
    3 years ago
  4. BUSINESS
    Women’s Demand for Shapewear – the big Trends
    3 years ago
  5. BUSINESS
    Valentino Launches its Cosmetics Line
    3 years ago
  6. Health
    US Promises to Share 60 million Doses of AstraZeneca Vaccines
    3 years ago
  7. Health
    UK Offers Aid Amid Surging COVID-19 Cases in India
    3 years ago
  8. Sports
    Thousands of fans welcome Charlton funeral cortege at Old Trafford
    8 months ago
  9. News
    Brit left fighting for life after train derails in Argentinia
    8 months ago
  10. BUSINESS
    Dubai faces down airline rivals with $50 bln jet orders
    8 months ago
  11. Sunak
    UK’s Sunak brings back Cameron, sacks Braverman
    8 months ago
  12. Sports
    Man United’s Hojlund, Eriksen withdrawn from Denmark team duty
    8 months ago
  13. Health
    Autumn Sneezing Syndrome is on the rise… here’s what you can do
    8 months ago
  14. Canada
    Canada beat Italy to win Billie Jean King Cup for first time
    8 months ago

Follow @rushhourdaily: