🇬🇧

US Stocks Climbing As Traders Bet On Rate-cut Hopes

Video credit: Wochit News
Published on July 12, 2019 - Duration: 00:32s

US Stocks Climbing As Traders Bet On Rate-cut Hopes

Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring Chinese trade data.

Federal Reserve Chair Jerome Powell told Congress that the central bank is largely in agreement that "more accommodative monetary policy may be appropriate." However, Trump accused China of "letting us down" by not purchasing US agricultural products as promised.

Advertisement

You are here

Related news from verified sources

Europe's early stocks rally faded and global bond yields rose after jitters over corporate earnings and trade doused an early rally fueled by enthusiasm over...
on July 11, 2019 • Reuters

U.S. stocks dropped on Tuesday as investors fretted over a hit to company earnings from the protracted U.S.-China trade dispute and reined in expectations of a...
on July 9, 2019 • Reuters

Related videos from verified sources

Why a 50 Basis Point Cut Would Spook the Markets 03:45
Video credit: The Street - Published on July 31, 2019 

Fed Meeting -- How Many Interest Rate Cuts Will 2019 See? 00:55
Video credit: The Street - Published on July 30, 2019 

You might like