US markets rallied overnight as Fed officials indicated that they will continue to raise rates, but they’re open to slowing the pace of hikes. The Dow Jones rallied throughout the session, finishing up 398 points (+1.18%). At worst it was up 110 points, and at best it was up 415 points. The S&P 500 gained 1.36%, and the NASDAQ climbed 1.36%. In Europe, Stoxx 50 +0.5%, FTSE +1%, CAC +0.4%, DAX +0.3%. SPI Futures are up 62 points (+0.86%), following a 42-point rise yesterday.
HEADLINES
- Stocks soar as investors expect Fed to slow pace
- Retailers rally into holiday season after earnings blowouts
- FTX collapse ensnares creditors big and small all over the world
- Carvana’s unwinding triggers cascade of warnings on Wall Street
- U.S. Supreme Court clears way for lawmakers to get Trump's tax returns
- Harsh winter looms as Russian attacks hobble Ukraine's power capacity
- Best Buy forecasts smaller drop in sales ahead of holiday season
- Europe to be hit hardest in global slowdown – OECD
- EU executive proposes gas price cap at 275 euros/MWh
- China set to fine Ant Group over $1bn, signalling revamp nears end-sources
- Ronaldo to leave Manchester United after criticism of club
- Australia loses to France in World Cup 4-1
Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.
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