Stock Surge Eases as Bond Rally Resumes; Oil Falls: Markets Wrap - Bloomberg

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Stock Surge Eases as Bond Rally Resumes; Oil Falls: Markets Wrap  Bloomberg

A global stock surge sparked by Federal Reserve Chairman Jerome Powell’s dovish comments showed signs of waning on Wednesday, with investor sentiment still fragile amid lingering trade-war concerns. Treasuries advanced, while the dollar steadied after four days of decline. The Stoxx Europe 600 drifted, as gains for travel and technology stocks offset declines for carmakers. Futures on the S&P 500 also inched up after the underlying index climbed the most since January on Tuesday as Powell said the central bank is monitoring the trade war’s impact and would act appropriately to sustain the U...

https://www.bloomberg.com/news/articles/2019-06-04/stocks-in-asia-to-rally-as-fed-signals-ready-to-act-market-wrap

2019-06-05 07:33:43Z
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