Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account. Jerome Powell set the stage for the central bank to cut interest rates to bolster flagging growth. The S&P 500 and the Nasdaq… Read More ›
Confident remarks by Jay Powell on the outlook for the US economy helped US and European stock markets push higher
StockMarketNews.Today – Upbeat Powell testimony bolsters equities.
Dollar holds gains as Fed chair reiterates commitment to gradual rate rises.
Investors face a new week trying to ascertain whether the recent bounce in risk appetite can hold. Attention will focus on Federal Reserve chair Jay Powell when he testifies this week.
Risk back on, but for how long?. The FTSE All-World equity index moved back into positive territory last week and also climbed above key measures of momentum, suggesting the prosect of a larger break higher that in turn attracts further buying.