Continental European sharemarkets ended lower on Wednesday, pressured by losses in real estate and technology equities, which fell 1.2% and 1.1%, respectively. Basic resources equities added 0.6%, tracking a rebound in metal prices and leading sectoral gains. UK equities were buoyed by a 0.8% lift in metal miners as investors digested inflation data. Annual headline … Read more
US sharemarkets were mixed on Wednesday. US Treasury yields ticked higher, pressuring rate-sensitive megacaps such as Nvidia, Meta Platforms and Apple, which fell between 0.8% and 1.2%. Chip equities such as Advanced Micro Devices and Micron Technology dipped over 3% each. Intel lost 4.4% after a report said the Pentagon had pulled out of a … Read more
US sharemarkets were mixed in choppy trade as investors scrutinised earnings and commentary from policymakers for clues on the timing of the US Federal Reserve’s first debt charge rate cut. Fed economic organization of Cleveland President Loretta Mester suggested she’s not in a rush to begin cutting rates, saying policymakers will probably gain confidence to … Read more