U.S. stock index futures rise as Treasury yields decline, with tech stocks leading the rally ahead of earnings reports and Federal Reserve Chair Jerome Powell's upcoming speech.
In August, the USD strengthened against major currencies, with the dollar index up 2.28%, EURUSD down 1.83%, USDJPY up 2.83%, GBPUSD down 1.96%, USDCAD up 3.25%, and AUDUSD down 4.64%. Meanwhile, major global stock indices experienced declines, led by Hong Kong's Hang Seng index and China's Shanghai composite index.
Wall Street's main indexes rose as a decline in Treasury yields boosted megacap growth stocks ahead of key inflation and jobs data, providing more insight into the Federal Reserve's interest rate trajectory.
Treasury yields fell to their lowest levels in over a week due to concerns about job creation and consumer confidence, leading bond traders to lower the probability of a Federal Reserve interest rate hike this year.
The US dollar experienced a major technical reversal due to a weaker JOLTs report, leading to a drop in US interest rates, while market positioning played a role in the price action; the focus now shifts to personal consumption figures and US jobs data, with the euro and sterling firm but most other G10 currencies softer, and emerging market currencies mixed. In Asia, most large bourses advanced, but Europe's Stoxx 600 fell after rallying in previous sessions, while US index futures traded softer; European bonds are selling up, gold is consolidating, and oil prices are firm. Australia's CPI slowed more than expected, China is expected to release the August PMI, and Japan reports July retail sales. The US dollar has seen no follow-through selling against the yen, yuan, or Australian dollar, while the euro and sterling staged impressive price action. The JOLTS report saw the dollar and US rates reverse lower, and today the US reports advanced merchandise trade figures for July, with the Canadian dollar as the worst performing G10 currency yesterday.
The US dollar experienced weakness due to disappointing economic data, leading to speculation that the Federal Reserve may not need to be as aggressive in its monetary policy settings, while equities showed modest gains; Chinese PMI numbers beat estimates but concerns about the property sector lingered; USD/JPY dipped before recovering; and the DXY index stabilized after recent losses, with potential support levels identified.
The euro rose against the dollar and euro zone bond yields fell after US unemployment rate increased, suggesting the Federal Reserve may be done with interest rate hikes.
U.S. Treasury yields rose as investors assessed the impact of recent economic data and speculated on the future of Federal Reserve monetary policy.
U.S. stock futures decline as bond yields rise despite weak economic news from China and Europe.
Stock indices finished today’s trading session in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all falling. The technology sector was the session's laggard, while the utilities sector was the leader. The U.S. 10-Year Treasury yield increased, and the Atlanta Federal Reserve's latest GDPNow reading estimates that the economy will expand by about 5.6% in the third quarter. The Federal Reserve released its Beige Book report, noting a tourism boom but slower spending in other areas. The ISM Non-Manufacturing Purchasing Managers' Index came in higher than expected, and mortgage applications fell to their lowest level since 1996. The U.S. trade deficit widened less than expected in July. U.S. stock futures inched lower, and European indices trended lower. Asia-Pacific markets were mixed.
U.S. Treasury yields dropped as concerns over potential interest rate hikes grew due to recent economic data, including lower jobless claims and sustained inflationary pressures.
The U.S. dollar index had its eighth consecutive week of gains, while global stock indexes ended slightly higher before key U.S. inflation data, with concerns that high interest rates may remain in place for longer than expected despite the Federal Reserve likely keeping rates unchanged this month. Longer-dated Treasury yields eased, Apple shares rose slightly after two days of losses, and oil prices increased.
Stock indices closed in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector underperformed and the energy sector led the session. The U.S. 10-Year Treasury yield dropped, while the Two-Year Treasury yield increased. The Small Business Optimism Index for August decreased, with inflation cited as a major concern among small business owners. Stocks opened lower on Tuesday, and U.S. futures trended lower as well. This week's focus will be on the Consumer Price Index and Producer Price Index data, which could impact the Federal Reserve's decision on rate hikes. Oracle's stock fell after missing sales estimates, while Casey's General and Tesla saw gains. JPMorgan's CEO criticized new Basel III regulations, and European indices traded in the green. In Asia-Pacific, markets ended mixed as traders await U.S. inflation data.
Global equities slide and the 10-year Treasury yield remains near a 16-year high as rising concerns about the Federal Reserve's interest rate policy and other headwinds weigh on the US consumer and economy.
U.S. stocks fell and Treasury yields surged ahead of the Federal Reserve's interest rate decision, while Instacart shares surged 12% on their first day of trading on the Nasdaq.
Treasury yields rise and stocks fall as traders anticipate longer-lasting higher rates to prevent inflation, while Brent oil briefly surpasses $95 a barrel; the Federal Reserve's decision on interest rates is eagerly awaited by investors.
U.S. equities fell as the Fed began its policy meeting and the 10-year Treasury yield reached a 16-year high, with Walt Disney shares dropping after announcing increased spending on theme parks and cruises, and Cboe Global Markets shares rising following a CEO change.
U.S. Treasury yields dip slightly as investors await the Federal Reserve's interest rate decision and guidance, while the 10-year yield remains near 16-year highs.
U.S. Treasury yields rose as investors considered future interest rates and awaited economic data, with expectations that rates will remain higher and uncertainties surrounding a potential government shutdown and the upcoming Fed meetings.
Gold and silver prices are slightly down as U.S. Treasury yields rise, the U.S. dollar index remains high, and traders and investors anticipate a potential U.S. government shutdown.
Renewed surge in long-term Treasury yields stifles world markets as Federal Reserve officials hold firm on one more rate rise and a government shutdown looms, leading to spikes in the US dollar and putting pressure on global financial stability.
Mounting fears of rates staying elevated for longer sent jitters through global risk assets, pushing U.S. Treasury yields to a peak not seen since the early stages of the 2007-2008 financial crisis and the dollar to a 10-month high.
The 10-year U.S. Treasury yield rose to a 15-year high, while key reports on new home sales and consumer confidence fell short of expectations, leading investors to consider the potential for interest rate hikes and a potential U.S. government shutdown.
The US dollar index and government bond yields reached their highest levels in years, causing stocks to plummet and signaling risk aversion in the market.
The U.S. 10-year Treasury yield fell on Friday after the Federal Reserve's preferred inflation measure showed signs of easing, pulling back from a 15-year high.
The rally in the U.S. dollar and higher U.S. bond yields have led to a decline in gold prices, with the metal seeing its worst week, month, and quarterly losses, as the Federal Reserve maintains its restrictive monetary policy and investors anticipate further weakness in the gold market.
U.S. stocks and bonds are falling due to another surge in Treasury yields, leading to anxiety among investors who fear that the Fed will hold interest rates higher for longer if the labor market remains strong.
The major stock indexes are expected to open lower as the 10-year Treasury yield hits a 16-year high, with investors monitoring employment data for potential impact on interest rates; meanwhile, stock futures in Asia and Europe slumped as the Federal Reserve's message of higher interest rates reverberates worldwide.
Treasury yields dropped from multiyear highs after new jobs data indicated a potential weakening labor market, raising hopes that the Federal Reserve may halt interest rate hikes and leading to a relief rally in stocks.
The S&P 500 and Nasdaq rose as data indicated a cooling labor market and U.S. Treasury yields pulled back from their highs.
European and global markets are experiencing relief as bond yields and the dollar decrease while stock markets stabilize and gold prices rise, thanks to a cooler-than-expected U.S. private payrolls report and a significant drop in crude oil prices.
The dollar weakened and global equities dipped as investors grappled with U.S. unemployment data suggesting a tight labor market and the Federal Reserve's commitment to higher interest rates, while European stocks rebounded from losses.
U.S. stocks dipped slightly as investors awaited the September job report, while European stocks rose; the 10-year Treasury yield remains high, jobless claims inched up but remained low, tensions between Serbia and Kosovo raise concerns of potential conflict, bond king Bill Gross is not optimistic about bonds or stocks, and trading volume was subdued as investors braced for the September jobs report.
Wall Street's main indexes fell as U.S. job growth exceeded expectations, raising concerns of higher interest rates and causing benchmark 10-year U.S. Treasury yields to reach a 16-year high.
U.S. Treasury yields fell as investors turned to safer investments amid concerns over the Israel-Hamas war and hints from Federal Reserve officials that there may not be a need for further rate hikes.
Treasury yields dropped sharply as traders priced in a high likelihood that the Federal Reserve will not raise interest rates again, with the 2-year rate ending at its lowest level in over a month and the 10-year and 30-year rates also hitting lows.
Treasury yields have fallen from their recent highs, but the market's "pain trade" may not be over yet, as weak economic data and the upcoming inflation report could keep yields from coming down and staying down.
Canada's main stock index, the S&P/TSX composite index, fell 0.8% as U.S. inflation data caused long-term borrowing costs to rise, resulting in a pullback in bond yields and a decline in interest-rate sensitive sectors.
The Canadian dollar weakened against the US dollar as US bond yields rose after higher-than-expected US inflation data, making the US dollar more attractive to foreign investors and putting pressure on the loonie.
The surge in bond yields is causing losses for investment funds and banks, pushing up borrowing costs globally and impacting stock markets, while the dollar remains stagnant and currency traders predict a recession on the horizon.
Wall Street's main indexes dropped as U.S. Treasury yields rose and the Middle East conflict escalated, with investors concerned about inflation and economic slowdown.
U.S. stock markets ended lower as treasury yields continued to climb, with the 10-year note reaching its highest level in 16 years, while Asian markets also saw declines.
U.S. stock indexes open lower as 10-year Treasury yield crosses 5% for the first time in 16 years, raising concerns about higher interest rates.
The US dollar weakened against a basket of currencies as Treasury yields fell, while attention turned to upcoming US economic data ahead of the Federal Reserve's monetary policy meeting.
Global stocks fall and U.S. Treasury yields remain near 5% as investors process mixed signals from the U.S. economy, with stronger-than-expected growth but softer business investment, prompting concerns about inflation and potential interest rate hikes from the Federal Reserve.
Global stocks fall and US Treasury yields retreat as investors analyze mixed US economic and corporate signals, with weaker-than-expected US inflation and disposable income data pushing down Treasury yields and sparking concerns of further interest rate hikes by the Fed.
U.S. Treasury yields rose to nearly 5% after strong U.S. GDP data, causing global stocks to decline, while the dollar strengthened and oil prices slipped; despite the European Central Bank keeping interest rates unchanged, shares and the euro were unaffected.
