scorecardresearchGlobal stocks rally despite US Fed's anti-inflation pledge; Here's why

Global stocks rally despite US Fed's anti-inflation pledge; Here's why

Updated: 30 Aug 2022, 02:51 PM IST
TL;DR.
  • London, Frankfurt and Tokyo advanced, while Shanghai declined. The euro edged up to just over $1.
FILE - An NYSE sign is seen on the floor at the New York Stock Exchange in New York, on June 15, 2022. Stocks are opening lower on Wall Street on Tuesday, Aug. 9, 2022, led by a steep drop for Norwegian Cruise Line. The S&P 500 is off 0.2% just after the opening bell Tuesday and the Nasdaq and Dow Jones Industrial Average are also falling. (AP Photo/Seth Wenig, File)

FILE - An NYSE sign is seen on the floor at the New York Stock Exchange in New York, on June 15, 2022. Stocks are opening lower on Wall Street on Tuesday, Aug. 9, 2022, led by a steep drop for Norwegian Cruise Line. The S&P 500 is off 0.2% just after the opening bell Tuesday and the Nasdaq and Dow Jones Industrial Average are also falling. (AP Photo/Seth Wenig, File)