Category: stocks

This ETF contains some of the world's most important companies in the AI ecosystem.

With investment-banking business surging in the first quarter, big-bank bosses have made no secret of their enthusiasm for Wall Street, and they're holding out fresh hope for a sustained resurgence in trading.

(Bloomberg) -- Global funds are retreating from Asia's emerging markets, as a five-month stock-buying spree ends with expectations of a U.S. interest-rate cut tapering off. Most of Bloomberg's readings Dubai stalled as clouds seeded aggravated flooding If Fed Rate Hike Actually Triggered U.S. Boom? Will Fed Rate Hikes Trigger U.S. Economic Boom?

Large investors are warning that fears that interest rates in major economies will remain relatively high are growing, threatening to sound a painful alarm in financial markets. Global stock markets remain near record highs and demand for debt issued by the riskiest companies is strong as traders focus on expectations of a summer rate cut. But asset managers and economists now expect only minimal monetary easing, especially as the U.S. Federal Reserve faces unexpectedly persistent inflation.

Asian stocks were mixed on Wednesday as markets renewed expectations that U.S. interest rates could remain high for some time. Fed Chief Executive Jerome Powell said at an event on Tuesday that the central bank has been waiting to cut its key interest rate, which is at its highest level since 2001, because it first needs more confidence that inflation will continue to fall to its 2% target. "The appetite for risk-taking remains weak, with Fed chief Jerome Powell confirming a later rate cut timetable as a series of Fed spokesmen called for more patience on the easing side of the equation," said IG market analyst Yeap Jun Rong.

Thorsten Slocum warned that the market could return to the conditions of 2022, when the stock market plummets into a brutal bear market.

"Fed chief Simmons Powell is moving more firmly toward the hawkish side," said Quincy Krosby, LPL Financial's chief global strategist.