Stock prices in Europe and Asia rose on Friday following a backlash in the United States. The day before.. The S & P 500 has risen in three of the last four trading sessions and is on track to end its seven consecutive weekly declines dating back to early April.
Investors have invested more than $ 20 billion in global equities this week, primarily in the United States, according to the Bank of America. Bank analysts said this was the largest net inflow in 10 weeks, suggesting that the “summer rally trend” is gaining momentum.
In Europe, the STOXX 600 index rose 0.7% in early trading. Hong Kong’s Hansen is a prominent performer in Asia, rising nearly 3% after Chinese tech giants Alibaba and Baidu reported higher-than-expected earnings.
US stock market futures have risen slightly, indicating a higher Friday open. Until Thursday’s closing price, the S & P 500 rose 4% that week.Benchmark index temporarily last week Bear market area, Defined as a 20 percent decrease from the recent peak. It is about 15 percent below the highs reached in early January.
Better than expected earnings report from some Airlines When Retail company This week has pushed the market up, but the situation on Friday can be even more complicated. After the market closed on Thursday, financial reports from Costco and Gap disappointed investors and pushed their stocks down in pre-market trading.
The impact of high inflation on corporate profit margins has been a concern for investors these days, and new government data on prices, income and spending paid on Friday will be monitored to measure inflationary pressure and consumer attitudes. Will be. “It’s usually a bad idea to shorten the hedonism of American consumers,” UBS Wealth Management Chief Economist Paul Donovan wrote in his research note.