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[hfe_template id='11223'] [ad_1] Asian stocks edged up after the S&P 500 index advanced for a sixth day on optimism that companies will be able to weather slowing economic growth and tariff-fueled disruptions. Australian and Japanese shares climbed at the open and equity-index futures for Hong Kong pointed to a moderate gain. US stock futures edged lower after Super Micro Computer Inc. tumbled in late trading on a disappointing update. Treasuries extended this month’s advance, with 10-year yields falling for a seventh day. The dollar was little changed after strengthening on Tuesday. Gold rose and oil dropped. The stock rally faces a key test Wednesday when the US releases inflation and gross-domestic-product data, which will give investors a clue on how the economy fared just before President Donald Trump announced country-specific levies on April 2. In recent weeks, investors have taken comfort from some recent tariff reprieves and increased bets that the Federal R...

[hfe_template id='11223'] [ad_1] The animal spirits that sent the US stock market flying over the past two years are going global - a trend that some market pros say may be just getting started. After soaring more than 50% combined in 2023 and 2024, the S&P 500 Index has largely flatlined since US President Donald Trump's inauguration. The hot trade is now moving overseas, with investors piling into European and Asian stocks, ignoring the threats of tariffs, trade wars and violent military conflicts. Since just before Trump took office, the Stoxx Europe 600 Index is up 5.8%, while the Nasdaq Golden Dragon Index, which tracks US-listed companies that do business in China, has soared 18%. In contrast, the S&P 500 gained a mere 0.3% in the period - with the underperformance intensified by Friday's one-day 1.7% swoon. "Because sentiment and positioning in US equities was so extreme for so long, this reversal can now go a long way," said Brad Conger,...

[hfe_template id='11223'] [ad_1] The Nifty Index experienced negative returns twice and remained nearly flat on one occasion following the last three Federal Reserve rate cut cycles. This suggests a contrarian trend in the index compared to the conventional theory that predicts a boost in equity valuations from lower interest rates. Following the 2001 rate cuts, the Nifty fell by 35% over a one-year period. In the 2007-08 cycle, it initially gained 30% but later plunged by 60%. After the 2019 rate cuts, Nifty returns were flat, ranging between 0% and 5%, according to a note by Nuvama Institutional Equities. "Fed rate cuts are generally in response to a growth slowdown and in most cases, the US economy ends up in a recession. It thus significantly lags the earnings cycle. Equity valuations respond not just to rates, but also to earnings outlook. And generally, rate cuts follow a period of strong growth and, consequently, elevated valuations (even at high/rising rates...