Wall Street: ASX set to jump; ECB raises rates
Wall Street turned solidly higher following a weak start while the European Central Bank raised rates and pledged more may be on the way
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Wall Street turned solidly higher following a weak start while the European Central Bank raised rates and pledged more may be on the way
Shares of banks and other financial institutions rallied after the Federal Reserve's decision to pause rate increases took the pressure off regional banks....
Those "holding out for wider yields or relative value" are frustrated due to an extremely tight muni range, but FHN Financial's Kim Olsan said, "the reality is that supply has yet to materialize to force that change."
Wall Street swept higher Thursday in the wake of a messy mix of economic reports, revving the longest rally for Wall Street in a year and a half into a higher gear.
Shares are mostly higher in Asia after a broad-based rally on Wall Street. Tokyo, Hong Kong, Shanghai and Sydney all logged moderate gains. Japan's central bank kept its monetary policy