Stocks edge higher as ‘peak rate’ bets, China data boost sentiment

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The Street

By Martin Baccardax U.S. equity futures extended gains Friday, following on from the best day for the Dow since early August, with sentiment boosted by solid overnight data in China and suggestions that the world’s major central banks have come to an end to their year-long cycle of rate hikes. The European Central Bank lifted its benchmark deposit rate to 4% yesterday, the highest since the single currency was launched in 1999, but hinted that its likely to monitor the impact of tightening over the coming months on the world’s biggest economic bloc as it pared growth and inflation forecasts. T…

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