By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    White South Africans arrive in US after Trump administration granted them refugee status | World News
    White South Africans arrive in US after Trump administration granted them refugee status | World News
    May 13, 2025
    Trump’s Mideast Wish List: + Trillion in Investments – and Some Diplomacy Too
    Trump’s Mideast Wish List: $1+ Trillion in Investments – and Some Diplomacy Too
    May 13, 2025
    Djokovic-Murray coaching partnership ends before French Open | Tennis News
    Djokovic-Murray coaching partnership ends before French Open | Tennis News
    May 13, 2025
    Brussels seeks to sideline Hungary on Russia sanctions renewal – FT — RT World News
    Brussels seeks to sideline Hungary on Russia sanctions renewal – FT — RT World News
    May 13, 2025
    Investment banks lift China growth outlook after surprise trade deal with U.S.
    Investment banks lift China growth outlook after surprise trade deal with U.S.
    May 13, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    South Korea’s Democratic Party sets up ‘Digital Asset Committee’
    South Korea’s Democratic Party sets up ‘Digital Asset Committee’
    May 13, 2025
    Curve DAO (CRV) price drops as Curve Finance battles DNS attack
    Curve DAO (CRV) price drops as Curve Finance battles DNS attack
    May 13, 2025
    Best crypto to buy: XRP, ADA and Bitcoin Pepe
    Best crypto to buy: XRP, ADA and Bitcoin Pepe
    May 13, 2025
    2025 Cloud Mining Gold Rush: 5 Platforms That Pay While You Sleep
    2025 Cloud Mining Gold Rush: 5 Platforms That Pay While You Sleep
    May 13, 2025
    Strategy Pumps Fresh .34 Billion Into Its Crypto Coffers
    Strategy Pumps Fresh $1.34 Billion Into Its Crypto Coffers
    May 13, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: US, European stocks push higher as inflation eases
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > US, European stocks push higher as inflation eases
US, European stocks push higher as inflation eases
Business

US, European stocks push higher as inflation eases

Published July 29, 2023
Share
4 Min Read
SHARE

NEW YORK: Wall Street rebounded Friday (Jul 28) and eurozone stocks edged higher on data showing easing inflation, while the yen yo-yoed after Japan’s central bank tweaked its ultra-loose monetary policy.

The Dow added 0.5 per cent, while the broader S&P 500 climbed 1.0 per cent and the tech-heavy Nasdaq Composite Index jumped 1.9 per cent.

This came after data showed that the Federal Reserve’s preferred gauge of inflation, the personal consumption expenditures price index, rose 3.0 per cent last month from June 2022.

The figure was down from a 3.8 per cent rise in May, extending a downward trend.

The indicator is still above the central bank’s 2 per cent target over the longer run, “yet the Fed is bound to take some solace from the recognition that it continues to move in the right direction”, said Briefing.com analyst Patrick O’Hare.

Stock markets have enjoyed a broadly positive week on hopes the US Fed and other central banks were at or close to the end of more than a year of monetary tightening as inflation comes down.

The Fed on Wednesday said that future rate decisions would be determined by data, which was welcomed by investors who saw recent indicators – pointing to an easing of price pressure and softening of the labor market – as giving it room to hold off more increases.

And on Thursday, European Central Bank boss Christine Lagarde left open the possibility of a pause in rate hikes.

Paris stocks edged 0.2 per cent higher on Friday after data showed the French economy grew a forecast-busting 0.5 per cent in the second quarter, while inflation eased in July.

Frankfurt added 0.4 per cent, setting another record close, on slowing inflation despite data showing the German economy stagnated in the second quarter.

“With price pressures in Germany also slowing more than expected in July there is a sense that this week’s rate hike by the ECB may well have been its last, with a number of ECB policymakers expressing increasing caution over the growth outlook,” said analyst Michael Hewson at CMC Markets.

After a closely-watched meeting, the Bank of Japan (BoJ) said it would allow “greater flexibility” in government bond markets, having allowed them to move in a tight band in a process known as yields curve control.

But on Friday it said that while it would maintain that range, its upper and lower limits would be used as references, rather than being rigid.

The move means rates in Japan would be allowed to rise more than previously. The yen swung around after the announcement, but was lower against both the dollar and the euro near 2100 GMT.

The currency has been hammered for more than a year as the BoJ refused to shift from its loose policy, even as central banks around the world pushed up interest rates to fight surging inflation.

However, with prices picking up at home and the yen struggling, pressure has been growing on the bank to change tack.

The Nikkei 225 index sank more than two percent on the prospect of higher borrowing costs before paring the losses by the close.

“Market reaction has been very choppy as it is not a straightforward decision to digest,” said Khoon Goh, of Australia and New Zealand Banking Group.

Asian markets closed out the week mixed. Hong Kong and Shanghai were boosted by hopes for further measures by Beijing to boost the struggling Chinese economy.

#European #stocks #push #higher #inflation #eases

TAGGED:easesEuropeanhigherinflationpushStocks
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article As Ravens’ offense generates buzz, star-laden defense has had a leg up in camp so far As Ravens’ offense generates buzz, star-laden defense has had a leg up in camp so far
Next Article Taylor Swift fans cause seismic activity during US concert Taylor Swift fans cause seismic activity during US concert
- Advertisement -

Latest Post

White South Africans arrive in US after Trump administration granted them refugee status | World News
White South Africans arrive in US after Trump administration granted them refugee status | World News
World News
South Korea’s Democratic Party sets up ‘Digital Asset Committee’
South Korea’s Democratic Party sets up ‘Digital Asset Committee’
Cryptocurrency
Trump’s Mideast Wish List: + Trillion in Investments – and Some Diplomacy Too
Trump’s Mideast Wish List: $1+ Trillion in Investments – and Some Diplomacy Too
World News
Curve DAO (CRV) price drops as Curve Finance battles DNS attack
Curve DAO (CRV) price drops as Curve Finance battles DNS attack
Cryptocurrency
Best crypto to buy: XRP, ADA and Bitcoin Pepe
Best crypto to buy: XRP, ADA and Bitcoin Pepe
Cryptocurrency
Djokovic-Murray coaching partnership ends before French Open | Tennis News
Djokovic-Murray coaching partnership ends before French Open | Tennis News
World News
- Advertisement -

You Might Also Like

PwC kicks off hunt for successor to Ellis as UK chief
Business

PwC kicks off hunt for successor to Ellis as UK chief

February 2, 2024
Goliath Resources Receives ,000,000 Order From Strategic Singapore Based Global Commodity Group And The Previously Announced Non-Brokered Private Placement Has Been Increased From ,000,000 Up To ,500,000
Business

Goliath Resources Receives $2,000,000 Order From Strategic Singapore Based Global Commodity Group And The Previously Announced Non-Brokered Private Placement Has Been Increased From $3,000,000 Up To $6,500,000

August 13, 2024
Burberry replaces chief executive and warns on profits
Business

Burberry replaces chief executive and warns on profits

July 15, 2024
GM Reduces EV Production Plans despite Weak Demand, says EVs will Show ‘Varying Profit’ – Insights Success
Business

GM Reduces EV Production Plans despite Weak Demand, says EVs will Show ‘Varying Profit’ – Insights Success

June 12, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?