Tag: Drift

Asia shares drift after rally, Wall Street reopen in focus

By Stella Qiu SYDNEY (Reuters) – Asian shares held a mixed tone on Tuesday after rallying the previous session, as rising bets of an imminent European rate cut helped risk appetite ahead of some key inflation data. A slew of European Central Bank officials said overnight the ECB has room to cut interest rates as […]

Asia shares drift after rally, Wall Street reopen in focus

By Stella Qiu SYDNEY (Reuters) – Asian shares held a mixed tone on Tuesday after rallying the previous session, as rising bets of an imminent European rate cut helped risk appetite ahead of some key inflation data. A slew of European Central Bank officials said overnight the ECB has room to cut interest rates as […]

Rishi Sunak warned not to drift to right after disastrous results

Rishi Sunak has been warned not to drift to the right after his party suffered mayoral elections losses in England’s two biggest cities. Labour’s Sadiq Khan stormed to victory in London but the West Midlands contest, which the Tories were on course to win, was seen as a potential lifeline for Sunak in an otherwise […]

US futures drift lower as faith in rate cuts fades

US stock futures pointed to more losses on Wednesday, as investors looked to a coming speech by Federal Reserve Chair Jerome Powell for clues to whether interest rates will stay higher for longer. S&P 500 (^GSPC) futures slipped 0.2%, while Dow Jones Industrial Average (^DJI) futures held just below the flatline. Contracts on the tech-heavy […]