- Reuters
Stocks drift, China unveils 'historic' steps for property
Global stocks eased on Friday after Federal Reserve officials hinted U.S. interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector. Data on Wednesday showed cooling US consumer price inflation, prompting markets to price in at least two rate cuts this year. Traders expect roughly two quarter-point cuts from the Fed this year, with November being the most likely starting point.
- CNN Business
China has teased how it might fix its property crisis. Markets are loving it
Chinese stocks surged on Thursday after officials in a major city announced plans to buy unsold homes in what some analysts believe could be a trial run for a much bigger solution to the country’s property crisis.
- Reuters
Stocks hit record highs, yields fall; US CPI raises rate cut hopes
NEW YORK (Reuters) -Global stock markets rose to record highs while U.S. Treasury yields and the U.S. dollar fell on Wednesday as data showed U.S. consumer prices rose less than expected in April, suggesting inflation has resumed a downward trend in the second quarter. The CPI report raised expectations that the Federal Reserve will cut interest rates two times this year. The Dow and S&P 500 registered record closing highs for the first time since March 28 and the Nasdaq posted a record closing high for the second session in a row, while the MSCI world stock index was also set for a second straight record high close.
