Deutsche Bank strategists report that United States (US) equities, led by the S&P 500, have reached new record highs as softer inflation data and lower Oil prices reinforce expectations that the Fed can stay on hold. Rate-sensitive sectors and major tech indices, including the NASDAQ and semiconductor stocks, have participated in the rally, with breadth improving via equal-weighted benchmarks.
US equities extend record-setting rally
“In contrast, Hong Kong’s Hang Seng (-0.93%) and Australia’s S&P/ASX 200 (-1.01%) are under pressure, while mainland Chinese benchmarks are seeing modest declines, with the CSI 300 (-0.12%) and Shanghai Composite…
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