Global equity markets rallied on Monday to lift a gauge of world stock indexes to a fresh peak, while the euro briefly jumped to a five-month peak against the U.S. dollar as the first round of an election in France went to the market's preferred contender.
U.S. single-family home price increases accelerated at a faster pace than expected in November and rising mortgage rates coupled with potential economic growth could push them higher, a survey showed on Tuesday.
A rally in major world stock markets lost some steam on Thursday despite a continued surge in bank shares, as investors reassessed positions, while U.S. bond yields continued to climb on the likelihood of inflation under President-elect Donald Trump's proposed fiscal policy.
U.S. stocks futures pointed to a sharply lower open for Wall Street on Wednesday, as a market that had been projecting an election victory by Democrat Hillary Clinton scrambled to recalibrate to an upset win by Republican Donald Trump.
As we head into the end of the trading week, attention will remain on a few familiar topics that have dominated recently, the Federal Reserve, crude oil and the aftermath of the ECB response, or lack of, to new lower inflation and growth forecasts.
U.S. stocks advanced today as a weaker-than-expected payrolls report tamped down expectations for a September rate hike from the U.S. Federal Reserve, although hawkish comments from another Fed official kept expectations for one this year intact.