Global Stocks Head for a Record High as Powell Talks Rate Cuts

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Global Stocks Head for a Record High as Powell Talks Rate Cuts

Bloomberg08-23

MSCI All Country Index jumps more than 9% since August lowUS interest-rate outlook, economic resilience lifts equitiesA television station displays Jerome Powell speaking at the Kansas City Federal ...

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Conrad Genio
·08-24
Here we go🤑
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ivanlwh
·08-23
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The dollar also weakened alongside lower Treasury yields on growing expectations that the Fed will start easing monetary policy at its next meeting in September.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/964d1800c2ee5fa0596a2c105eec3bfc\" alt=\"\" title=\"\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Equities have had a turbulent month after mixed US employment data in early August heightened fears about the likelihood of a recession. Traders’ anxiety was exacerbated by Japan raising borrowing costs for the first time in 17 years and a flight from crowded equity trades such as big tech, sparking a global selloff.</p><p>Since then, concerns about the outlook of the US economy have eased on the back of resilient consumer demand. US inflation has also continued to recede. Traders now expect about 100 basis point of cuts through December, according to swaps data.</p><p>The S&amp;P 500 is less than 1% away from an all-time high, while the tech-heavy Nasdaq 100 still has to make up over 4% to recover the past weeks’ losses. Meanwhile, benchmarks in Japan, Taiwan and Korea, among the most battered during the recent selloff, have become top global performers.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Stocks Head for a Record High as Powell Talks Rate Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal Stocks Head for a Record High as Powell Talks Rate Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-23 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-08-23/global-stocks-head-for-a-record-high-as-powell-talks-rate-cuts?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MSCI All Country Index jumps more than 9% since August lowUS interest-rate outlook, economic resilience lifts equitiesA television station displays Jerome Powell speaking at the Kansas City Federal ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-08-23/global-stocks-head-for-a-record-high-as-powell-talks-rate-cuts?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2024-08-23/global-stocks-head-for-a-record-high-as-powell-talks-rate-cuts?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193699908","content_text":"MSCI All Country Index jumps more than 9% since August lowUS interest-rate outlook, economic resilience lifts equitiesA television station displays Jerome Powell speaking at the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium on the floor of the New York Stock Exchange on&nbsp;Aug. 23.Global equities are set to close at an all-time high after recouping losses from the turmoil earlier this, as investors gain confidence from the scope of US interest-rate cuts and the lack of recession signals.The MSCI AC World Index rose as much as 1.1% on Friday to surpass its previous high of July 16, as Federal Reserve Chair Jerome Powell said the “time has come” for the central bank to cut its key policy rate.The benchmark has rallied more than 9% since hitting a low on Aug. 5 as risk assets recover from a bout of severe volatility. The dollar also weakened alongside lower Treasury yields on growing expectations that the Fed will start easing monetary policy at its next meeting in September.Equities have had a turbulent month after mixed US employment data in early August heightened fears about the likelihood of a recession. Traders’ anxiety was exacerbated by Japan raising borrowing costs for the first time in 17 years and a flight from crowded equity trades such as big tech, sparking a global selloff.Since then, concerns about the outlook of the US economy have eased on the back of resilient consumer demand. US inflation has also continued to recede. Traders now expect about 100 basis point of cuts through December, according to swaps data.The S&P 500 is less than 1% away from an all-time high, while the tech-heavy Nasdaq 100 still has to make up over 4% to recover the past weeks’ losses. Meanwhile, benchmarks in Japan, Taiwan and Korea, among the most battered during the recent selloff, have become top global performers.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341627685384296,"gmtCreate":1724427153357,"gmtModify":1724427463992,"author":{"id":"4159597431336922","authorId":"4159597431336922","name":"ivanlwh","avatar":"https://community-static.tradeup.com/news/cd223aa6d444515418e855db8e227296","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4159597431336922","idStr":"4159597431336922"},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341627685384296","repostId":1193699908,"repostType":4,"repost":{"id":"1193699908","kind":"news","pubTimestamp":1724424625,"share":"https://ttm.financial/m/news/1193699908?lang=&edition=fundamental","pubTime":"2024-08-23 22:50","market":"us","language":"en","title":"Global Stocks Head for a Record High as Powell Talks Rate Cuts","url":"https://stock-news.laohu8.com/highlight/detail?id=1193699908","media":"Bloomberg","summary":"MSCI All Country Index jumps more than 9% since August lowUS interest-rate outlook, economic resilience lifts equitiesA television station displays Jerome Powell speaking at the Kansas City Federal Re","content":"<html><head></head><body><ul style=\"\"><li><p>MSCI All Country Index jumps more than 9% since August low</p></li><li><p>US interest-rate outlook, economic resilience lifts equities</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f97c191534a22d0cb7f49328d668b31f\" alt=\"A television station displays Jerome Powell speaking at the Kansas City Federal Reserve&#39;s Jackson Hole Economic Policy Symposium on the floor of the New York Stock Exchange on&amp;nbsp;Aug. 23.\" title=\"A television station displays Jerome Powell speaking at the Kansas City Federal Reserve&#39;s Jackson Hole Economic Policy Symposium on the floor of the New York Stock Exchange on&amp;nbsp;Aug. 23.\" tg-width=\"2000\" tg-height=\"1334\"/><span>A television station displays Jerome Powell speaking at the Kansas City Federal Reserve&#39;s Jackson Hole Economic Policy Symposium on the floor of the New York Stock Exchange on&amp;nbsp;Aug. 23.</span></p><p>Global equities are set to close at an all-time high after recouping losses from the turmoil earlier this, as investors gain confidence from the scope of US interest-rate cuts and the lack of recession signals.</p><p>The MSCI AC World Index rose as much as 1.1% on Friday to surpass its previous high of July 16, as Federal Reserve Chair Jerome Powell said the “time has come” for the central bank to cut its key policy rate.</p><p>The benchmark has rallied more than 9% since hitting a low on Aug. 5 as risk assets recover from a bout of severe volatility. The dollar also weakened alongside lower Treasury yields on growing expectations that the Fed will start easing monetary policy at its next meeting in September.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/964d1800c2ee5fa0596a2c105eec3bfc\" alt=\"\" title=\"\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Equities have had a turbulent month after mixed US employment data in early August heightened fears about the likelihood of a recession. Traders’ anxiety was exacerbated by Japan raising borrowing costs for the first time in 17 years and a flight from crowded equity trades such as big tech, sparking a global selloff.</p><p>Since then, concerns about the outlook of the US economy have eased on the back of resilient consumer demand. US inflation has also continued to recede. Traders now expect about 100 basis point of cuts through December, according to swaps data.</p><p>The S&amp;P 500 is less than 1% away from an all-time high, while the tech-heavy Nasdaq 100 still has to make up over 4% to recover the past weeks’ losses. Meanwhile, benchmarks in Japan, Taiwan and Korea, among the most battered during the recent selloff, have become top global performers.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Stocks Head for a Record High as Powell Talks Rate Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal Stocks Head for a Record High as Powell Talks Rate Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-23 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-08-23/global-stocks-head-for-a-record-high-as-powell-talks-rate-cuts?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MSCI All Country Index jumps more than 9% since August lowUS interest-rate outlook, economic resilience lifts equitiesA television station displays Jerome Powell speaking at the Kansas City Federal ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-08-23/global-stocks-head-for-a-record-high-as-powell-talks-rate-cuts?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2024-08-23/global-stocks-head-for-a-record-high-as-powell-talks-rate-cuts?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193699908","content_text":"MSCI All Country Index jumps more than 9% since August lowUS interest-rate outlook, economic resilience lifts equitiesA television station displays Jerome Powell speaking at the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium on the floor of the New York Stock Exchange on&nbsp;Aug. 23.Global equities are set to close at an all-time high after recouping losses from the turmoil earlier this, as investors gain confidence from the scope of US interest-rate cuts and the lack of recession signals.The MSCI AC World Index rose as much as 1.1% on Friday to surpass its previous high of July 16, as Federal Reserve Chair Jerome Powell said the “time has come” for the central bank to cut its key policy rate.The benchmark has rallied more than 9% since hitting a low on Aug. 5 as risk assets recover from a bout of severe volatility. The dollar also weakened alongside lower Treasury yields on growing expectations that the Fed will start easing monetary policy at its next meeting in September.Equities have had a turbulent month after mixed US employment data in early August heightened fears about the likelihood of a recession. Traders’ anxiety was exacerbated by Japan raising borrowing costs for the first time in 17 years and a flight from crowded equity trades such as big tech, sparking a global selloff.Since then, concerns about the outlook of the US economy have eased on the back of resilient consumer demand. US inflation has also continued to recede. Traders now expect about 100 basis point of cuts through December, according to swaps data.The S&P 500 is less than 1% away from an all-time high, while the tech-heavy Nasdaq 100 still has to make up over 4% to recover the past weeks’ losses. Meanwhile, benchmarks in Japan, Taiwan and Korea, among the most battered during the recent selloff, have become top global performers.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":20,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}