Oddbean

Stocks bounce after heavy sell-off as US inflation cools ========== European shares and US stock futures rebounded on Friday after a week of global equity sell-off; US inflation cooled slightly to 2.5% year-on-year in June; S&P 500 futures were up 0.72% after a 1.9% drop for the week; Nasdaq futures rose 1% after a 7% slump in the past two weeks; Europe's STOXX 600 index rose 0.58% after a 2.7% loss last week; Investors have snapped up smaller companies and ditched popular AI plays; German DAX index rose 0.46% and Britain's FTSE 100 rose 1%; Japan's Nikkei fell 0.53% and Hong Kong's Hang Seng edged up 0.1%; US 10-year Treasury yields dipped slightly to 4.221%; Japanese yen slipped from a 12-week high against the dollar; Dollar was up 0.3% against the yen at 154.39; Oil prices slipped with Brent crude down 0.67% at $81.82 a barrel. #Stocks #Selloff #Inflation #Equities #Us #Europe #Nasdaq #Stoxx600 #Dax #Ftse100 #Nikkei #HangSeng #TreasuryYields #Yen #Dollar #OilPrices https://www.kitco.com/news/off-the-wire/2024-07-26/stocks-bounce-after-heavy-sell-us-inflation-cools