Stocks up, bond yields fall as markets mull Fed policy pause
By Koh Gui Qing NEW YORK (Reuters) - Wall Street stocks jumped on Thursday, pushing up global stock indexes, and Treasury yields fell, after investors
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By Koh Gui Qing NEW YORK (Reuters) - Wall Street stocks jumped on Thursday, pushing up global stock indexes, and Treasury yields fell, after investors
The export-oriented FTSE 100 closed down on Thursday as the pound gained after the Bank of England raised its main lending rate by 25 basis points. The FTSE 100 ended 0.8% down, as the... | March 23, 2023
* US shares jump * European shares dip as UK, Switzerland and Norway hike rates * Dollar stuck near 7-week low after mixed Fed message ... | 02:08pm
Wall Street stocks jumped on Thursday, pushing up global stock indexes, and Treasury yields fell, after investors took comfort that the Federal Reserve might pause its interest rate rises to offset the turmoil in financial markets. The gains in U.S stocks offset loses in Europe, where a post-Credit Suisse rebound sputtered to a halt as Switzerland, Norway and Britain all showed the year-long cycle of sharp interest rate rises was by no means over.
The yield on benchmark 10-year Treasury notes also fell to 3.4173% compared with 3.5% the previous day. In Europe, news of the rate hikes in Switzerland and Britain helped push the European-wide STOXX 600 share index down 0.21%.