World shares extend gains, dollar undermined by dovish Fed bets

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:Wall Street pushed higher and the dollar tipped lower on Monday, after stocks surged last week on expectations the U.S. economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts. The Dow Jones Industrial Average rose 0.51 per cent, to 40,866, the S&P 500 gained 0.53 per cent, to 5,583 and the Nasdaq Composite gained 0.54 per cent, to 17,727. MSCI's broadest index of world stocks had edged up around 0.67 per cent. The prospect of lower borrowing costs

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World shares extend gains, dollar undermined by dovish Fed wagers https://www.channelnewsasia.com/ - 19.08.2024 08:44
World shares extend gains, dollar undermined by dovish Fed bets https://www.channelnewsasia.com/ - 19.08.2024 08:44

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World shares extend gains, dollar undermined by dovish Fed wagers https://www.channelnewsasia.com/ - 19.08.2024 08:44
World shares extend gains, dollar undermined by dovish Fed bets https://www.channelnewsasia.com/ - 19.08.2024 08:44