US stocks advance before Apple earnings, US payroll data
The Peninsula
London: US stocks rose on Thursday as investors digested the Federal Reserve interest rate outlook and awaited Apple s latest results on the eve of cr...
London: US stocks rose on Thursday as investors digested the Federal Reserve interest rate outlook and awaited Apple's latest results on the eve of critical payroll data.
The yen wobbled following another surge against the dollar that fuelled speculation Japanese authorities had intervened for a second time this week.
Federal Reserve boss Jerome Powell warned Wednesday US interest rates would stay higher for longer, after the central bank left borrowing costs on hold once again.
Powell's remarks, however, were tempered by his assurance that rates would not likely be hiked again, soothing worries in some quarters that the bank's battle to bring inflation back to its two percent target would need to be stepped up.
The Fed also said it would slow down the pace at which it shrinks its balance sheet, having bought up vast amounts of bonds previously to keep rates low.
