European stocks set to react positively to soft U.S. inflation data

ABONE OL
16 Mayıs 2024 08:55
0

BEĞENDİM

ABONE OL



Data released Wednesday showed that the U.S. consumer price index rose 0.3 percent in April, below the 0.4 percent rise predicted by the Dow Jones. Consumer prices still grew 3.4 percent from a year ago, which aligns with market estimates, but the data has encouraged traders to believe that the U.S. Federal Reserve could begin to cut rates shortly.

Asia-Pacific markets experienced an upswing on Thursday, mirroring the record highs of Wall Street benchmarks overnight, a direct result of the global relief rally triggered by the U.S. inflation data. This underscores the influence of global dynamics on market reactions, keeping the audience informed and aware.
 

America News Agency

Bu yazı yorumlara kapatılmıştır.


HIZLI YORUM YAP

Translate »