- Reuters
Futures rise ahead of data, speeches from Fed officials
Wall Street indexes were back in sight of record highs following a selloff last month, as a slew of economic data pointed to cooling labor market momentum, raising expectations that the Fed will cut borrowing costs more than once this year. Expectations of U.S. monetary policy easing, along with a much better-than-expected earnings season put the benchmark S&P 500 and the tech-heavy Nasdaq Composite on track for their third consecutive week of gains. While most Fed policymakers have reiterated that the next policy move will be a rate cut, doubt still remains about when the easing will begin.
- Reuters
US STOCKS-Futures rise ahead of data, speeches from Fed officials
U.S. stock index futures rose on Friday with focus on speeches from Federal Reserve officials, after economic data this week supported bets of U.S. interest rate cuts and lifted investor sentiment. Wall Street indexes were back in sight of record highs following a selloff last month, as a slew of economic data pointed to cooling labor market momentum, raising expectations that the Fed will cut borrowing costs more than once this year.
- The Telegraph
Case of mad cow disease found on Scottish farm
A case of classical Bovine Spongiform Encephalopathy (BSE), commonly known as mad cow disease, has been confirmed on a farm in Ayrshire, Scotland.
