European stocks are heading for a higher open on Thursday after the Bank of England stepped in to calm the markets.
Wells Fargo's Chris Harvey expects stocks to continue their upward move.
As the cost of capital rises and prices hover near record highs, the consensus is increasingly coming to believe that a Fed-induced recession is unavoidable, Harvey said. The 10-year Treasury yield last dropped 23 basis points to 3.733%, or the most it's dropped since 2020.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sudden leaks in both gas pipelines from Russia have Europe warning of sabotageBoth natural gas pipelines linking Europe to Russia have suddenly begun leaking, prompting European leaders to warn Tuesday of sabotage at a perilous time for energy security in the bloc.
Weiterlesen »
Nord Stream pipeline leaks remind Europe it can't rely on natural gas from RussiaEurope can’t rely on Russia for natural gas --- that’s an issue that has already been driving a rally in European benchmark prices for the energy source, but...
Weiterlesen »
White House: Suspicious Russian pipeline leaks underscore need for clean energyWhite House press secretary Karine Jean-Pierre told reporters Tuesday that the mysterious leaks in two European gas pipelines emphasize the need to transition the United States, Europe, and Western allies to clean energy sources.
Weiterlesen »
U.S. stocks open mixed after Bank of England interventionU.S. stock index futures on Wednesday showed Wall Street in danger of recording a seven-day losing streak, though a surprise intervention from the Bank of England helped to limit losses.
Weiterlesen »
The Fed May Not Be Able to Pivot Even If It so Desires“I do not think that they’re crazy enough to listen to the idiots on Wall Street to save their money,” dickbovesays tells HeleneBraunn.
Weiterlesen »