Treasury yields were broadly lower early Thursday. recession is a recipe for a stronger USD, it added. economic figures fueling the soft-landing narrative, the data will likely continue to weaken and soon indicate that the Fed has overtightened policy, CBA said. dollar advanced amid risk-off sentiment prompted by broad declines in Asian equity markets.ĭespite U.S. "We would caution investors to not be overly optimistic on the timing of any Fed rate cut," said Greg Bassuk, chief executive officer of AXS Investments. Still, some investors said the Fed might not be in a hurry to cut short-term rates, even if additional hikes are off the table. "With inflation waning, the backdrop is favorable for equities to trend higher," said Terry Sandven, chief equity strategist at U.S. Stock futures were lower amid a risk-off sentiment weighing on Asian equities markets Treasury yields were mostly lower the dollar gained while oil futures fell and gold advanced.Įuropean stock futures were lower early Thursday as investors parsed growing evidence of a gradually cooling economy. French President Emmanuel Macron meets Swiss President Alain Berset trading updates from Siemens, Zurich Insurance Group, VK Co, Investec, International Distributions Services, Pershing Square Holdings, Halma, Burberry Group, United Utilities Group, Aegon, Melrose Industries, Aviva, Gold Fields, Smiths Group, Spirax-Sarco Engineering, Harmony Gold Mining
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