S&P 500 Snaps Two-Day Losing Streak Powell says a strong economy hasn t changed Fed s expectation that interest rate cuts will be warranted later this year.
Powell Still Sees Room for Fed.
India Business News: Sensex and Nifty hit new all-time highs driven by strong foreign fund buying. Sensex touched 72,120 points, closing just below that mark at 72,038, up
S&P 500 Pauses Record Rally, Hang Seng and ASX 200 Drift Higher dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
S&P 500 Pauses Record Rally, Hang Seng and ASX 200 Edge Higher
S&P 500, HANG SENG, ASX 200 INDEX OUTLOOK:
The IMF upgraded global economic growth to 6.0% from 5.5% for 2021 as outlook improved
A slew of Euro Area service PMI data will be in focus while traders await the FOMC minutes
USD, IMF, California Reopen, FOMC minutes, Asia-Pacific at Open:
Wall Street equity indices paused their record rally on Tuesday, with Dow Jones and the S&P 500 retreating modestly from all-time highs amid thin trading volume. There appeared to be lack of fresh catalysts overnight to fuel further gains after Monday’s rally, allowing stocks to consolidate. News crossed the wires that California is ready to fully remove the Covid-related restrictions on June 15th. This helped boost sentiment in the consumer sector, while the information technology sector was a clear lagger.