From Yahoo Finance: 2024-07-10 03:20:05

European stocks rose slightly, following the US market’s rally and bets on a Fed rate cut. Stoxx 600 climbed 0.2%, while basic resources stocks dipped. S&P 500 and Nasdaq 100 hit records. Powell’s warning on job market led to rate-cut projections. Treasuries stable, dollar unmoved.

Market awaits Powell’s Congress testimony, key US data. Enagas SA climbs 4% after stake sale to Blackstone. Japan stocks rise, China and Australia drop. China sees minimal consumer price growth, sustained factory-deflation. Bond traders predict China will increase yields.

Oil declines on Chinese demand fears, despite US inventory dip. Copper and iron ore drop, gold holds. Key events include Powell and Fed speeches, US CPI, China trade data, bank earnings. Stock futures stagnant, Asian markets steady. Currencies and crypto prices hold stable.

Treasuries decline slightly, German and British yields drop. Brent crude falls to $84.05, gold rises to $2,372.49. Bitcoin and Ether prices see marginal gains. Market movements influenced by Fed’s monetary policy outlook and global economic data. Market sentiment cautious with mixed economic signals.



Read more at Yahoo Finance: China Stocks Eye Gains; S&P 500 Steady On Powell: Markets Wrap