Moving markets today: Asia markets mixed, mirroring Wall Street’s lead; oil prices dip, Reddit shares skyrocket by 16 per cent, TikTok mounts legal challenge against potential US ban on popular app; All eyes turn to BOE policy decision and UK GDP Data
US equities experienced a broad rally, pushing the S&P 500 to its highest level in three weeks and marking its first four-session winning streak since March. Mega cap stocks like Alphabet and Meta Platforms contributed to this surge, with gains of 1.9 per cent and 0.6 per cent respectively. However, Asia-Pacific markets showed mixed results, mirroring Tuesday’s movements on Wall Street. Oil prices dipped slightly due to increased US stockpiles, while gold prices remained stable as traders awaited signals from the US Federal Reserve….
