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<\/p>\nStocks hang onto gains as rate cuts in focus<\/p>\n
<\/p>\n
NEW YORK, Sept 13, 2025 (BSS\/AFP) – Global stocks on Friday mostly held onto gains made earlier this week on expectations of a cut to US interest rates.<\/p>\n
Wall Street’s S&P 500 and Nasdaq Composite indices struck fresh record highs during morning trading.<\/p>\n
Both indices had joined the Dow Jones Industrial Average in setting all-time highs on Thursday after US inflation and jobless claims data cemented expectations that the Federal Reserve will trim borrowing costs at its meeting next week.<\/p>\n
However, the three indices were mixed at the end of the session, with only the Nasdaq index climbing slightly to a new high.<\/p>\n
“Stock markets (are) at record highs on hopes for falling interest rates,” noted Derren Nathan, head of equity research at stockbroker Hargreaves Lansdown.<\/p>\n
Markets expect the Fed to cut interest rates by a quarter point next week, and make another two cuts of the same size at its two remaining meetings this year.<\/p>\n
Briefing.com analyst Patrick O’Hare said a lack of buying conviction on Wall Street wasn’t notable. But the lack of selling conviction despite reaching new all-time highs could spark concerns about potential overvaluations.<\/p>\n
“The market is effectively riding the trend until the price action tells it to jump off that ride,” said O’Hare. “That message hasn’t been delivered yet.”<\/p>\n
European stock markets ended flat, while Asia’s main indices made gains.<\/p>\n
There were fresh records this week also for Tokyo and Seoul, while London on Friday neared a new all-time high, before giving up its gains and ending the day lower.<\/p>\n
A drop in the British pound after data showing the UK economy stalled in July had helped support equities for most of the trading session.<\/p>\n
Hong Kong led the way among Asia’s top stock markets on Friday, closing up more than one percent thanks to a surge of more than five percent in the share price of Alibaba.<\/p>\n
The e-commerce titan’s New York stock had jumped eight percent Thursday, helped by its latest moves in the artificial intelligence sector.<\/p>\n
This week also saw more record highs for the price of gold, viewed as a safe haven investment, following escalating tensions over the Israel-Gaza and Russia-Ukraine conflicts.<\/p>\n
Russia’s central bank on Friday trimmed its key interest rate to 17 percent as the country risks an economic slowdown.<\/p>\n
The Bank of England is next week widely expected to keep its key rate on hold as elevated UK inflation offsets stagnant growth.<\/p>\n
The European Central Bank on Thursday held interest rates steady, with eurozone inflation under control and trade tensions having eased, even as France’s political crisis presents policymakers with a fresh challenge.<\/p>\n
Oil prices climbed as concerns about additional sanctions targeting Russian crude exports outweighed concerns about excess supply on the market.<\/p>\n
– Key figures at around 2010 GMT –<\/p>\n
New York – Dow: DOWN 0.6 percent at 45,834.22 points (close)<\/p>\n
New York – S&P 500: DOWN 0.1 percent at 6,584.29 (close)<\/p>\n
New York – Nasdaq Composite: UP 0.4 percent at 22,141.10 (close)<\/p>\n
London – FTSE 100: DOWN 0.2 percent at 9,283.29 (close)<\/p>\n
Paris – CAC 40: FLAT at 7,825.24 (close)<\/p>\n
Frankfurt – DAX: FLAT at 23,698.15 (close)<\/p>\n
Tokyo – Nikkei 225: UP 0.9 percent at 44,768.12 (close)<\/p>\n
Hong Kong – Hang Seng Index: UP 1.2 percent at 26,388.16 (close)<\/p>\n
Shanghai – Composite: DOWN 0.1 percent at 3,870.60 (close)<\/p>\n
Euro\/dollar: DOWN at $1.1731 from $1.1732 on Thursday<\/p>\n
Pound\/dollar: DOWN at $1.3560 from $1.3580<\/p>\n
Dollar\/yen: UP at 147.67 from 147.18 yen<\/p>\n
Euro\/pound: UP at 86.52 pence from 86.43 pence<\/p>\n
Brent North Sea Crude: UP 0.9 percent at $66.99 per barrel<\/p>\n
West Texas Intermediate: UP 0.5 percent at $62.69 per barrel<\/p>\n","protected":false},"excerpt":{"rendered":"Stocks hang onto gains as rate cuts in focus NEW YORK, Sept 13, 2025 (BSS\/AFP) – Global stocks…\n","protected":false},"author":2,"featured_media":13090,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[13548,114,85,46,190,13547],"class_list":["post-13089","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-bangladeshi-newspaper","tag-business","tag-il","tag-israel","tag-markets","tag-most-popular-english-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/13089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=13089"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/13089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/13090"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=13089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=13089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=13089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}