S&P 500 Futures cheer softer yields, easing fears over China despite hawkish Fed chatters – by anilpanchal7 SP500 Futures CentralBanks Inflation YieldCurve
Fed policymakers defend higher rates by citing inflation woes.Risk profile appears positive during early Thursday, even as the market’s activity remains dismal.
Elsewhere, the US diplomats were also highlighting concerns that defend the higher Fed rates and challenge risk-takers. That said, US Treasury Secretary Janet Yellen mentioned, “While inflation remained elevated, there were encouraging signs that supply-demand mismatches were easing in many sectors of the economy.” Elsewhere, US President Joe Biden said during a PBS interview that there will be no US recession in 2023 or 2024.
Against this backdrop, the US 10-year Treasury bond yields reversed from a one-month high to snap a three-day uptrend on Wednesday, pressured around 3.61% at the latest. The same helped S&P 500 Futures to ignore Wall Street’s downbeat closing and remain mildly bid as of late. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
S&P 500 Futures struggles to cheer US President Biden’s SOTU even as yields retreatS&P 500 Futures struggles to cheer US President Biden’s SOTU even as yields retreat – by anilpanchal7 SP500 Futures YieldCurve RiskAppetite UnitedStates
Lire la suite »
U.S. stock futures nudge higher ahead of eagerly awaited comments from Fed chief PowellU.S. stock futures rose on Tuesday ahead of eagerly anticipated comments from Federal Reserve Chair Jerome Powell
Lire la suite »
U.S. stock futures slip as ahead of a busy day for Fed speakersWall Street is pointing to losses for Wednesday, as investors waited for Disney earnings after the close and several Fed speakers throughout the trading day.
Lire la suite »
Oil futures get lift on China demand hopesOil futures rise Tuesday, finding support as hopes for a revival in Chinese crude demand continue to run strong.
Lire la suite »
S&P 500 may plunge 30% this year as harsh recession sets in: RosenbergThe S&P 500 could nosedive 30% this year as a painful recession takes hold, top economist David Rosenberg says
Lire la suite »
Central Texas Food Bank provides 500 households with food in response to increased needAbout 20 volunteers took the pallets of food off the trucks, made lanes for the cars to come through, helped direct traffic, and placed food in the trunks of hundreds of cars.
Lire la suite »