Stocks, yields edge higher; Powell says economy still in good place

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NEW YORK :Stock indexes rose on Friday after Federal Reserve Chair Jerome Powell said the U.S.economy continues to be in a good place and it remains to be seen if the Trump administration's tariff plans will prove to be inflationary, while U.S.10-year Treasury yields also turned higher.

The euro had its biggest weekly percentage gain against the U.S.dollar since 2009.It was last up 0.51 per cent on the day at $1.0838.

A sharp sell-off in euro zone government bonds abated on Friday, after the biggest two-day fall in Bunds since the 1970s on the back of Germany's plans to completely rewrite its fiscal rules.

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Category: EconomyBusiness

Markets: SingaporeCanadaGermanyJapanMexico

Topics: Trump 10-year Rose Cent Germany Friday Jobs Week Index 2025 Points

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 22:13:16 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 734 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26731709

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 9 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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