Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Central banks' dovish cooing keeps world stocks lulled near two-week highs

Video Credit: Reuters Studio - Duration: 01:29s - Published < > Embed
Central banks' dovish cooing keeps world stocks lulled near two-week highs

Central banks' dovish cooing keeps world stocks lulled near two-week highs

World stocks held near two-week highs on Wednesday as investors bet on a fresh wave of monetary stimulus.

David Pollard reports.

0
shares
ShareTweetSavePostSend
 

Central banks' dovish cooing keeps world stocks lulled near two-week highs

Countdown to the Fed.

1800 GMT on Wednesday is when its forward guidance will soothe market concerns with a clear hint of more monetary stimulus to come.

At least, that was the bet keeping world stocks close to two-week highs, bond yields at multi-year lows.

And it might not be the only stimulus game in town.

After a strong Wall Street, and a near two per cent rise in Asian shares.

Europe was still digesting Tuesday's shock statement from Mario Draghi, signalling more stimulus in the ECB pipeline too.

It already has some analysts pricing in a July rate cut.

If for others, it's a question of wait and see.

SOUNDBITE (English) CITY INDEX MARKET ANALYST, KEN ODELUGA, SAYING: "Central banks, and particularly the ECB, very much likes to flag its actions well in advance.

So we're likely to see a horizon of six months at least before any action will be taken, which essentially takes us into the end of the year." Concern over U.S./China trade drove European shares around 6% lower in May.

Expectations of policy easing have helped recoup most of those losses.

Market sentiment was also buoyed by news Donald Trump will meet China's Xi Jinping at the G20 summit this month.

And for those caught in the trade war crossfire, like Japan, any breakthrough would be timely.

Its exports, according to data on Wednesday, fell for a sixth month in May as shipments especially to China dwindled.

Volumes were down nine per cent year on year.




You Might Like


Recent related videos from verified sources

Earnings Outlook: Here's What Investors Should Watch Next Week [Video]Earnings Outlook: Here's What Investors Should Watch Next Week

The earnings parade seems to never end ... Heading our way is a big week for earnings - especially for big banks and tech companies. To name a few, here are some of the companies expected to report..

Credit: The Street     Duration: 00:37Published

Facebook's Libra Faces Regulatory Headwinds [Video]Facebook's Libra Faces Regulatory Headwinds

Facebook is Real Money's Stock of the Day. The social media giant has come under pressure from politicians on both sides of the aisle regarding their Libra cryptocurrency. President Trump tweeted..

Credit: The Street     Duration: 00:57Published

Jim Cramer: Here's How Investors Should React to Market Highs [Video]Jim Cramer: Here's How Investors Should React to Market Highs

We've been getting a lot of news around market highs. It's safe to say that the end of the week was certainly a turnaround from the start of the week. We had the S&P 500 hit 3,000 this Wednesday, July..

Credit: The Street     Duration: 00:57Published

Jim Cramer on Market Highs, Trump's Tweets on Libra, and Amazon Prime Day [Video]Jim Cramer on Market Highs, Trump's Tweets on Libra, and Amazon Prime Day

It's finally Friday! Jim Cramer tackles the market highs and how investors should react to them, Trump's tweets about Facebook's Libra, and what investors should watch for during Amazon's Prime Day...

Credit: The Street     Duration: 07:20Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.