Markets It looks like there is another session of gains in store for Wall Street, with DJIA futures up by 120 points and the S&P 500 and Nasdaq ahead by over 0.5%. In Asia, Japan +0.3%. Hong Kong +0.8%. China +2.6%. India +0.5%. In Europe, at midday, London +0.5%. Paris +0.8%. … Continue reading
Markets In Asia, Japan +1.2%. Hong Kong +2.3%. China +0.9%. India +0.4%. In Europe, at midday, London +0.5%. Paris +0.3%. Frankfurt +0.8%. Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +0.2% to $54.10. Gold -1% to $1332.10. Bitcoin -2.9% to $7669. Ten-year Treasury Yield +5 bps to 2.14% Source: Seeking Alpha http://mam.econoday.com/ 10:00Job Openings and Labor Turnover Survey12:30 … Continue reading
Markets With trade war drums beating loudly, a strong employment report from the Labor Department this morning will probably do little to dial back market expectations that the Fed will cut interest rates this year. Nonfarm payrolls probably increased by 185,000 … Continue reading
Markets U.S. stock index futures are modestly higher after booking their second-largest two-day gain of the year on hopes of a near-term rate move from the Federal Reserve. Contracts tied to the DJIA are indicating a 78-point opening bell advance, while those … Continue reading
Markets In Asia, Japan +1.8%. Hong Kong +0.5%. China flat. India -0.5%. In Europe, at midday, London +0.5%. Paris +0.6%. Frankfurt +0.5%. Futures at 6:20, Dow +0.6%. S&P +0.6%. Nasdaq +0.8%. Crude -0.8% to $53.08. Gold +1% to $1341.30. Bitcoin -1.8% to $7806. Ten-year Treasury Yield +1 bps to 2.13% Source: Seeking Alpha http://mam.econoday.com/ 7:00MBA Mortgage Applications8:15ADP Jobs Report9:45Fed’s … Continue reading
Markets Futures advance after tech rout Paring some earlier losses, U.S. equity futures are now up by 0.5% following yesterday’s slide into correction territory for the Nasdaq Composite. Eyes on Powell Fed Chair Jerome Powell will have a chance to share his … Continue reading
Markets Stocks are continuing to sour following the steepest May selloff in nine years as DJIA futures begin the month down another 150 points and bonds rally, with the 10-year Treasury yield slipping a further 6 bps to 2.08%. In Asia, Japan -0.9%. Hong … Continue reading
Markets In Asia, Japan -1.6%. Hong Kong -0.8%. China -0.2%. India -0.3%. In Europe, at midday, London -1.2%. Paris -1.6%. Frankfurt -2%. Futures at 6:20, Dow -1.1%. S&P -1.2%. Nasdaq -1.5%. Crude -2.1% to $55.43. Gold +0.8% to $1303.30. Bitcoin -4.8% to $8333. Ten-year Treasury Yield -7 bps to 2.16% Source: Seeking Alpha http://mam.econoday.com/ 8:30Personal Income and Outlays9:15Fed’s Bostic: “Assessing … Continue reading
Markets Futures are heading higher ahead of the data, following last night’s slump that came amid a protracted trade dispute and intensifying yield curve. Contracts tied to the DJIA are now indicating a 75 point advance, while 10-year Treasury notes eased … Continue reading
Markets 10-year Treasury yield heads to 2% With risk aversion increasing globally in recent days, bonds are rallying. At the beginning of May, the yield on the 10-year Treasury was about 2.55%, but it’s now hovering around the 2.22% level, … Continue reading