Key Points
NEW YORK (Reuters) U.S. stocks moved sharply higher in a broad rally on Tuesday, and the dollar softened as robust economic data eased recession fears and stoked investors risk appetite...
An unexpected jump in new orders for U.S.-made durable goods, along with robust readings on new home sales and consumer confidence, helped soothe worries over a looming recession amid the Federal Reserves efforts to toss cold water on demand in order to rein in inflation...
The Fed Chairman Jerome Powells European counterpart, European Central Bank President Christine Lagarde said on Tuesday said the ECB is unable to announce an end to rate hikes in the face of stubbornly high inflation...
European stocks reversed earlier losses to close with a nominal cgain, supported by luxury goods and financials as investors bet on further policy stimulus from China, while hawkish comments from Lagarde held gains in check...
Benchmark 10-year notes last fell 14/32 in price to yield 3.7717%, from 3.719% late on Monday.. The 30-year bond last fell 15/32 in price to yield 3.8459%, from 3.819% late on Monday.. Crude prices slid after U.S. economic indicators surprised to the upside, ahead of energy demand data expected later in the session...
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