Wall Street rebounds as oil prices ease, while Asia-Pacific markets retreat
Forsyth Barr reports that sticky US inflation strengthened expectations of a Federal Reserve rate hike despite Wall Street's rebound. European equities advanced on stronger UK growth and technology gains.
TLDR
Forsyth Barr's market summary, shared September 13, describe diverging markets. Easing oil prices helped Wall Street rebound, even as sticky US inflation reinforced expectations of a Federal Reserve rate hike. Stronger UK growth and technology gains lifted European equities, while Asia-Pacific markets retreated as elevated energy costs and tightening concerns pressured regional technology stocks.
Combined views
23
1 Source, first seen 17d ago