Stocks Advance as Concerns Over Rate Hikes Recede: Markets Wrap
(Bloomberg) -- US index futures and global stocks rose amid signs inflation expectations are receding and central banks are no longer in a rush to accelerate monetary tightening. Contracts on the S&P 500 and Nasdaq 100 indexes added at least 0.3% each. MSCI Inc.’s benchmark for world equities climbed for a seventh day. Crude oil extended gains as an OPEC+ plan for output cuts sparked short covering. Tesla Inc. rose in New York premarket trading after reporting a 19% increase in China deliveries. Traders are overcoming their initial bearish reaction to the oil cartel’s plan and are now bett...
Source: swissinfo.ch
