Compass, Inc. (91D.F)
- Reuters
US STOCKS-Wall St climbs after jobless claims data spurs rate-cut bets
The main U.S. stock indexes rose on Thursday as weekly jobless claims data offered fresh evidence of a softening U.S. labor market and renewed hopes that the Federal Reserve will cut interest rates this year. After a sluggish open, the benchmarks pulled higher in morning trade, with megacap stocks Amazon, Microsoft and Alphabet in the lead.
- Reuters
GLOBAL MARKETS-Stocks gain as European shares hit new highs, dollar slips
World stocks edged higher on Thursday, helped by surging European stocks and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week. Two of BoE's nine rate setters, one more than in April, voted for a cut and Governor Andrew Bailey said more could be on the way than investors expect. The BoE sent a message that bets on the first cut being in August might be too conservative as it lowered its inflation forecasts for two and three years' time to 1.9% and 1.6% - below its 2% target - from its February projections of 2.3% and 1.9%.
- Barrons.com
Stock Gains Pick Up Pace. Dow Adds 200 Points.
The S&P 500 and Nasdaq Composite joined the Dow Jones Industrial Average in positive territory on Thursday. The Dow was up 200 points, or 0.5%. The S&P 500 was up 0.4%. The Nasdaq rose 0.3%. The yield on the 2-year Treasury note fell to 4.
