DAX PERFORMANCE-INDEX (^GDAXI)
- Reuters
GLOBAL MARKETS-European stocks rise, dollar climbs as Fed rate path pondered
European stocks rose on Wednesday, boosted by company earnings, while U.S. futures were flat and the dollar climbed as investors assessed the signals on the path for Federal Reserve interest rates. The yen fell even with the threat of currency intervention from Japanese authorities to support it. Global stocks fell sharply in April as strong U.S. economic data caused investors to rein in their bets on rate cuts from the Fed and, by extension, other major central banks this year.
- Yahoo Finance UK
FTSE 100 LIVE: European stocks rise as pound slips ahead of Bank of England decision this week
Threadneedle Street is not expected to change interest rates this week.
- Reuters
GLOBAL MARKETS-Wall St loses steam, dollar gains as investors mull rate cut timing
Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve cuts interest rates this year, while a resurgent dollar helped weaken the yen further. Benchmark Treasury yields softened, but the dollar rose on the prospect of stronger U.S. growth and potentially higher rates than other developed economies. "It's a quiet day, the major averages are flat, and there's some profit taking," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
