The Dow Jones Industrial Average rose 346.87 points, or 1.12 per cent, to 31,384.55, the S&P 500 gained 57.54 points, or 1.50 per cent, to 3,902.62 and the Nasdaq Composite added 259.49 points, or 2.28 per cent, to 11,621.35.Įarlier, the pan-European STOXX 600 index closed up 1.88 per cent. That's giving the market some confidence to step in and buy growth stocks that had been beaten down," said Robert Pavlik, senior portfolio manager at Dakota Wealth, also citing recent declines in commodity prices. It's giving folks a reason to believe the Fed is close to its end point in raising interest rates. "The primary thing right now is the direction of Treasury yields. Investors expected an eventual pause in rate hikes. Minutes from the June meeting released on Wednesday showed that at the time policymakers discussed how a more restrictive stance might be needed if elevated inflation persisted. central bank holds its next policy-setting meeting on July 26-27. Louis Fed Bank President James Bullard said he sees a "good chance" of a soft landing for the economy. recession fears "overblown." He signaled for a July 75-basis-point interest rate hike followed by a 50-basis-point hike in September, and possibly 25 after that unless inflation persists. Otherwise the market should be down."Ĭomments from Fed officials helped the mood with Governor Christopher Waller calling U.S. "It looks like investors are saying this is on economic growth, not necessarily inflation. We've economically sensitive stocks leading the way higher today with higher oil prices and interest rates," said Jack Ablin, chief investment officer at Cresset Capital in Chicago. "What I'm seeing is optimism that perhaps the Fed rate hiking program will not result in dire consequences for the economy. On Wall Street the technology heavy Nasdaq led gains with chip stocks outperforming as investors took a risk-on tone after Samsung reported strong results. On Wednesday, the pound had hit its lowest since March 2020. Sterling jumped after Johnson resigned under pressure from his own political party following a string of resignations and scandals. In foreign exchange markets, the euro edged closer to parity with the safe-haven dollar, which rose slightly against a basket of major currencies. equities rose with Treasury yields on Thursday as investors bet on economic light at the end of the Federal Reserve's rate hiking tunnel, while oil prices rose on supply concerns and sterling rallied as UK Prime Minister Boris Johnson resigned Learn more on the developer’s website.NEW YORK/LONDON : U.S. “We can say that its game mechanics are very different from our past work, and that it takes place in a new setting,” said CEO Adam Myers.
Mask of the Rose is one of two new games Failbetter has in the works, but the developer is keeping quiet about the second one. The developer is planning a Kickstarter campaign for the game in February 2021. The story is about how you all adjust to a world that works differently from everything you’re used to ”“ and the friendships and romances you form while there.”Īrtistic influences will include film noir, Victorian photography, and Blitz-era Britain. Parliament is underwater, and the mysterious Masters of the Bazaar are now in charge.
Not all of your new neighbours are human.
The story “follows the lodgers in a boarding house a few months after Victorian London has been transported underground,” said creative director Emily Short. It will be a “romantic visual novel” that serves as a prequel to the other games. Failbetter Games, developer of the popular Sunless Skies and Sunless Sea video games, has announced Mask of the Rose, a forthcoming title set in the same Fallen London universe.
0 kommentar(er)
