Stocks recoup most of week's sell-off as nerves steady

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LONDON :Global shares extended gains on Friday to erase nearly all of their losses from a big sell-off earlier in the week, with investors betting on the U.S.economy avoiding a hard landing as Fed policymakers signalled rate cuts as soon as September.

Wall Street stock index futures were about 0.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.65 per cent, more than reversing the drop from Thursday.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanUnited States

Topics: Stock Japan Rate Losses Week August Index Monday Cent Investors Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 10:18:54 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 844 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21999357

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 29 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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