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Stocks Rally As Fed’s Rate Hikes Seen Near End: Markets Wrap

Stocks Rally As Fed’s Rate Hikes Seen Near End: Markets Wrap

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Stocks rallied as investors reacted to the possible peak of the Federal Reserve’s historic tightening campaign and processed the latest major company earnings. Rates-sensitive real estate stocks led the advance in Europe’s Stoxx 600 index, which is set for its longest winning streak since July. US equity futures pointed to an extension of Wednesday’s gains on Wall Street as Asian stocks headed for their biggest gain in almost four months. Novo Nordisk A/S rose after reporting that third-quarter sales surged amid the frenzy for its blockbuster obesity and diabetes drugs. Shell Plc gained after accelerating the pace of share buybacks as its third-quarter profit rose. Apple Inc. headlines the roster of […]

The post Stocks Rally As Fed’s Rate Hikes Seen Near End: Markets Wrap appeared first on Vladimir Ribakov.

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