Page 14 - Patrick Spencer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The MSCI All Country stock index was slightly firmer and heading for first-half gains of about 11.5%, recouping over half of last year's losses, thanks in part to the AI boom lighting a fire under Big Tech. "Despite rising rates and worries of a recession, the market continues to climb a wall of worry and I think earnings will justify the multiples expansion that we've seen this year," said Patrick Spencer, vice chair of equities as RW Baird.

Global shares were steady on Friday as investors scrutinised inflation data from both sides of the Atlantic to cap a rollercoaster quarter for markets that upended bets on interest rates peaking. ...

LONDON, -On Friday, global shares remained steady as investors analyzed inflation data from both the United States and Europe, marking the end of a volatile quarter that disrupted expectations of interest rate peaks, according to Reuters. Oil was on track for its first monthly gain in 2023 due to a significant reduction in U.S. oil…

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Oil heads for second week of declines as U.S. economic growth slows more than expected