European markets were due for a higher open, with Eurostoxx 50 futures and FTSE futures 0.2% higher
SINGAPORE – Asian stocks took a breather on Thursday, hovering near their highest in two years as traders waited for more US policy clues, while sterling was steady before a Bank of England meeting where rates are expected to remain unchanged.
European stock markets were due for a higher open, with Eurostoxx 50 futures and FTSE futures 0.2% higher ahead of the slew of central bank decisions.Data on Wednesday showed British inflation returned to its 2% target for the first time in nearly three years in May, but strong underlying price pressures all but rule out an interest rate cut ahead of election next month.
A surge in tech stocks on Tuesday lifted AI chipmaker Nvidia above Microsoft as the world's most valuable company, leading to a global rally in tech shares.The frenzy over artificial intelligence has resulted in technology stocks roaring through the year, with Nvidia leading the pack along with select few behemoths as US stocks clock record highs and also boost Asian counterparts.
"The fact remains the market is now all in on the rally in AI-related names and big tech and given the lack of clear immediate risk the path of least resistance is for higher equity index levels."
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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