Market reports from ShareCast
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Asia report: Stocks rise after Powell's rate cut comments
Fri 08 March 2024 08:04
(Sharecast News) - Asia-Pacific markets were in the green across the board on Friday, following remarks from US Federal Reserve chair Jerome Powell overnight, indicating that interest rate cuts could be on the horizon pending supportive inflation signals.
US close: S&P 500 hits new record after Powell comments
Thu 07 March 2024 20:56
(Sharecast News) - US stock markets rose on Thursday, with the S&P 500 notching another record high on the back of strong gains for tech stocks, after comments from the head of the Federal Reserve raised hopes that interest-rate cuts were nearing a realit
Europe close: Stoxx 600 hits record high as ECB rate-cut hopes rise
Thu 07 March 2024 15:35
(Sharecast News) - European stocks rose strongly on Thursday with the Stoxx 600 finishing comfortably above the 500 level for the first time ever on the back of dovish comments from the European Central Bank, which lowered its outlook for inflation.
Europe midday: Stoxx passes 500 to hit record highs; Virgin in focus
Thu 07 March 2024 12:00
(Sharecast News) - European markets rallied to hit record highs on Thursday, with the Stoxx 600 index passing 500 points as investors awaited the outcome of the European Central Bank's policy meeting later in the day, while Virgin Money was in the spotlig
London midday: FTSE stays down but Virgin Money jumps on takeover
Thu 07 March 2024 11:14
(Sharecast News) - London stocks were still in the red by midday on Thursday as investors waded through a deluge of corporate news and continued to digest the Spring Budget, but Virgin Money surged on takeover news.