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American indexes seeing a boost from Google and Netflix
Global stock markets trended upward on Friday, with American indexes seeing a boost from Alphabet’s ($GOOG) 5.3% rise following planned job cuts and Netflix, Inc. ($NFLX) 8.5% surge due to higher than expected subscriber growth.
Comments from the Federal Reserve suggest interest rates could climb as high as 5% this year. Meanwhile, a member of the Federal Open Market Committee suggested the central bank may be nearing a point where rates are restrictive enough to curb inflation.
European stocks were lifted by a positive economic outlook and signs of peaking inflation.
Yields on US government bonds also rose as investors consider the likelihood of continued rate hikes by the FED
Comments from the Federal Reserve suggest interest rates could climb as high as 5% this year. Meanwhile, a member of the Federal Open Market Committee suggested the central bank may be nearing a point where rates are restrictive enough to curb inflation.
European stocks were lifted by a positive economic outlook and signs of peaking inflation.
Yields on US government bonds also rose as investors consider the likelihood of continued rate hikes by the FED
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