23/08/2023
Stocks, Bonds Climb as Data Fuel Fed Pause Wagers: Markets Wrap
US business activity barely expands on subdued customer demand
Nvidia earnings are high-stakes event for AI-crazed markets
Bonds climbed around the world as weak economic data in the US and Europe bolstered bets that major central banks will pause their interest-rate hikes to prevent a recession. Big tech led gains in stocks before Nvidia Corp.’s earnings.
