- October 5, 2022
- Posted by: Stratford Team
- Category: Economy
- Investors start to mull central bank ‘pivot’ on rates
- Dollar falls for fifth day
- Gold hits 3-week high
WASHINGTON, Oct 4 (Reuters) – U.S. stocks and oil on Tuesday posted strong gains for a second straight day while U.S. Treasury yields slid as investors wondered if global efforts by central banks to fight inflation may ease in the future.
A new report showing shrinking U.S. job openings, a weaker read of U.S. manufacturing data, and a smaller than expected rate increase by the Australian central bank all contributed to investor speculation that a central bank shift to less aggressive rate hikes could be looming.
That sentiment helped push Wall Street higher on Tuesday, with the Dow Jones Industrial Average (.DJI) closing up 2.8%, the S&P 500 (.SPX) jumping 3.06% and the Nasdaq Composite (.IXIC) gaining 3.34%.
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The MSCI world equity index (.MIWD00000PUS), which tracks shares in 45 nations, was last…
