Stock markets around the world slumped on Tuesday while bond yields rose and gold hit a new high, as investors moved into “stagflation” trades against a backdrop of rising worries over tariffs, inflation and deteriorating government finances. In my column today, I look at the so-called “September effect” in U.S. and other stock markets. Source…
Surging U.S. producer prices and a spike in Treasury yields have cast some doubt on a widely expected Fed rate cut in September. The S&P 500 remains near its high, however, and is banking on a cut. While a 0.25% cut remains the most likely outcome, it no longer looks guaranteed. Globally, European and Asian…
Two of the Magnificent 7 are scheduled to report results this week: Tesla (TSLA) on Tuesday and … More Alphabet (GOOGL) on Thursday. Despite being mired in a bear market, the Magnificent 7 as a group are expected to grow earning at double the pace of the overall market. (Photo by Spencer Platt/Getty Images) Getty…
(Bloomberg) — China’s bond frenzy may be close to fizzling out as yields on long-term sovereign notes trade at the deepest discount in more than a decade to the cost of investors’ favorite financing tool. Most Read from Bloomberg The yield on 30-year bonds slumped 10 basis points below the overnight interbank rate this week,…
Dow Rises While Nasdaq Falls Ahead of CPI Stocks wavered–while bond yields rose across the board definitively–ahead of tomorrow’s inflation report. The indexes started the day with losses, and wavered after Fed Chair Jerome Powell told Congress that interest rates remain in a “good place.” The big story was in the bond market, where the…
Last week, better bank earnings and friendly details within inflation data, sent stocks and bonds … [+] higher. This week the focus will be on more fourth-quarter earnings and politics, with the Trump administration taking power and likely to begin making policy changes. getty Within the S&P 500, 20 companies reported earnings last week, dominated…
Dow Extends Losing Streak. Up Next: the Fed. The Dow Jones Industrial Average fell for a seventh trading day in a row as bond yields continued to rise ahead of next week’s Federal Open Market Committee meeting. The Dow fell 86 points, or 0.2%, marking its longest losing streak since Feb. 28, 2020. The Nasdaq…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set to end the week on the defensive, pressured by rising U.S. bond yields and a firmer dollar, with investors ready to reduce risk exposure as they ponder the cross-currents sweeping through the emerging world. China’s latest pledges…
A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest rate cuts this week, with China’s markets giving only a hesitant welcome to Beijing’s new policy orientation. As Treasury debt…
Global stock markets faced a downturn for the third straight session on Thursday, as recent U.S. economic data depicted a steady labor market while highlighting challenges in controlling inflation. The Labor Department reported a decline in initial unemployment claims, coming in below economists’ expectations at 217,000 for the last week. Inflation concerns mounted with…