Already a subscriber?Investors celebrated signs that global interest rates are finally headed lower by pushing the S&P 500 and Nasdaq to record highs, and by elevating US chipmaker Nvidia into the $US3 trillion club, alongside Apple and Microsoft.
European Central Bank president Christine Lagarde last month. The central bank will meet again on Thursday.What’s more, the European Central Bank is almost certain to follow suit in its meeting on Thursday, when it is expected to cut its official interest rate for the first time in almost five years, even though eurozone inflation picked up slightly in May.
In the past five trading days, the yield on benchmark US 10-year bonds has plunged from 4.62 per cent to 4.28 per cent, the lowest level since late March.The US manufacturing sector, a key driver of economic activity, was surprisingly weak for the second consecutive month in May, according to the Institute for Supply Management’s purchasing managers index. Meanwhile, consumer spending is under pressure as high inflation eats into their savings buffers.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FinancialReview - 🏆 2. / 90 Read more »
Source: abcnews - 🏆 5. / 83 Read more »