Stocks Extend Gains as Dollar Steadies; Oil Falls: Markets Wrap - Bloomberg

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Stocks Extend Gains as Dollar Steadies; Oil Falls: Markets Wrap  Bloomberg

A global stock rally sparked by Federal Reserve Chairman Jerome Powell’s dovish comments continued into Wednesday, though the pace of gains slowed amid lingering trade-war concerns. Treasuries edged higher, while the dollar steadied after four days of decline. Technology shares led the advance in the Stoxx Europe 600 as software companies including SAP and Micro Focus jumped after a positive sales forecast by U.S. peer Salesforce.com. Futures on the S&P 500 indicated a higher U.S. open after the underlying index climbed the most since January on Tuesday as Powell said the central bank is mo...

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 08:54:40Z
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