CNBC Daily Open: Markets rallied as Fed official renewed investors' hope for 25 basis-point hike
Publishing timestamp: 2023-03-03 01:22:17
Summary
U.S. Treasury yields rose to levels not seen in a long time on Thursday, and stocks in the U.S. rose as well. Chinese stocks rose slightly, but sentiment is mixed due to a survey showing that China is not a top investment priority for the first time in 25 years. Headline inflation in the EU slowed to 8.5%, but the European Central Bank is likely to continue raising interest rates aggressively. Markets overcame fears of higher rates to stage a last-minute rally on Thursday, helped by Atlanta Federal Reserve President Raphael Bostic's comments that he is in favor of lower and slower rate hikes. All major indexes are on track for a winning week.
Sentiment: POSITIVE
Tickers: CRM,
Keywords: inflation, world markets, jobs, federal reserve bank, business news, markets, salesforce inc, u.s. department of labor, china, central banking,