BMO sees stock rally raging on, lifting S&P 500 target to 5,600
With the S&P 500 Index setting all-time highs, BMO Capital Markets is predicting even more gains through the end of 2024.
With the S&P 500 Index setting all-time highs, BMO Capital Markets is predicting even more gains through the end of 2024.
The Treasury market rallied as traders grew more confident the Federal Reserve will cut interest rates this year, emboldened by an ebb in US inflation and weaker-than-expected retail sales data.
Ben Bernanke said there is growing interest within the Bank of England over publishing its own interest-rate projections, one of the strongest signals yet that the central bank is mulling a major communications shake-up.
Gold rose to the highest in more than three weeks after latest data showed ebbing inflation and weak retail sales, reinforcing expectations that the Federal Reserve will start cutting interest rates this year.
The chances of Deutsche Bank AG carrying out a second share buyback this year have become slimmer, the German lender told investors just before its annual general meeting.
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