HomeFinancial MarketsGlobal Stocks Rise on Monday as Investors Await Interest Rate Decisions

Global Stocks Rise on Monday as Investors Await Interest Rate Decisions

Global stocks and treasury yields both ended higher on Monday as investors brace themselves for the upcoming interest rate decisions of key central banks.

The majority of observers are expecting the U.S. Federal Reserve to raise its interest rates by 25 basis points in July after instituting a pause during the previous month.

U.S. 10-year treasury yields rose to 3.874% after falling slightly earlier in the session while the rate-sensitive two-year yields were up at 4.8917%.

Stocks on the S&P 500 rose 0.40% to 4,554.64 while those on the Dow Jones Industrial Average increased 0.52% to 35,411.24. The Nasdaq Composite Index advanced by 0.19% to 14,058.87.

The dollar strengthened against several major currencies, with the dollar index gaining 0.297%. The euro fell  0.56% against the greenback to $1.1061.

Broadcom’s Earnings Report Beats Expectations, Company Announces 10-for-1 Stock Split

Semiconductor maker Broadcom shared an earnings report for the second quarter that beat the estimations of analysts and caused its stock to surge more...

Federal Reserve Project One Rate Cut in 2024

During a meeting on Wednesday, the Federal Reserve kept its benchmark interest rate unchanged. Additionally, the U.S. central bank projected just one interest rate...

EV Maker Fisker Recalls 18,000 Cars Due to Software Issues, Compliance Reasons

Electric vehicle maker Fisker announced on Wednesday that it’s recalling more than 18,000 cars in North America and Europe. The recall affects Fisker’s Ocean...