Markets extend global rally amid optimistic outlook, oil dips [Yahoo! Finance]
BLUESCOPE STL UNS/ADR NEW (BLSFY)
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Source: Yahoo! Finance
Attention is also turning back to US monetary policy and the release of key data this week that could play a role in Federal Reserve interest rate decision-making ahead of its next meeting at the end of the month. Traders essentially ignored the noise of the surprise US raid on Caracas on Saturday that saw Maduro and his wife spirited away to New York to face drug charges. While there is still some nervousness about stretched valuations in the tech sector, analysts remain optimistic about the outlook for equities this year, with artificial intelligence still the main game in town. "Global equities are likely to keep looking through the geopolitical shock unless it threatens the broader supply chain or tightens financial conditions, because geopolitics has become a persistent feature rather than a surprise," Charu Chanana, chief investment strategist at Saxo Markets, wrote in a commentary. "Equities can continue grinding higher if earnings expectations, liquidity, and rate exp
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