S&P500 Futures rebound, yields struggle even as US debt ceiling expiry, PMIs loom – by anilpanchal7 SP500 Futures RiskAversion YieldCurve Fed
latest round of negotiations ended before a few hours. The reason could be linked to their hopes of avoiding the US default, as well as the market’s anxiety ahead of the preliminary readings of the May month activity data for the key economies.
While portraying the mood, S&P500 Futures remain mildly bid near 4,220, up for the second consecutive day as it reverses Friday’s pullback from a nine-month high. With the upbeat US stock Futures, the benchmark 10-year and two-year US Treasury bond yields pause a five-day uptrend at the highest levels in two months whereas the US Dollar Index grinds higher past 103.00 during the two-day uptrend, close to 103.30 by the press time.
US President Joe Biden and House Speaker Kevin McCarthy failed to offer a deal to avoid the debt ceiling expiry during the latest negotiations but the policymakers remain hopeful of reaching an agreement to avoid the US default. “I just concluded a productive meeting with Speaker McCarthy about the need to prevent default,” said US President Joe Biden per the White House announcements shared by Reuters late Monday.
Elsewhere, US officials recently mentioned that they’re working directly with China on the Micron issue. Beijing banned chips from US manufacturer Micron, after terming them a security threat, which in turn gave rise to a situation where Washington and Beijing exchanged harsh words. While the mixed sentiment and cautious optimism allow the market players to remain hopeful, the first readings of Purchasing Managers Indexes for May for the UK, Euro, Japan, Australia and the US will be crucial to watch for intraday direction. Given the upbeat PMIs, the US Dollar may witness further upside and can challenge the
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Tennessee cattle at risk after state vet warns about risk of 'mad cow disease'Tennessee State Veterinarian Dr. Samantha Beaty, confirms atypical bovine spongiform encephalopathy (BSE) AKA 'Mad Cow Disease' diagnosis, was found in a cow with ties to the state.
Les mer »
Forex Today: Quiet markets ahead of PMIs, awaiting a debt-limit dealTuesday is an important day for PMIs releases, as it will offer the first glimpse of global economic activity during May. During the Asian session, th
Les mer »
Stock futures fall slightly as Wall Street focuses on tense debt ceiling negotiationsThe market has continued to grind higher, led by tech stocks, even in the face of a potential debt default and stubborn inflation.
Les mer »
S&P500 Futures, yields retreat amid US debt ceiling jitters, anxiety ahead of Fed MinutesS&P500 Futures, yields retreat amid US debt ceiling jitters, anxiety ahead of Fed Minutes – by anilpanchal7 SP500 Futures YieldCurve FiscalPolicy Fed
Les mer »
Gold Futures: Further recovery appears unlikelyOpen interest in gold futures markets extended the downtrend on Friday, this time by more than 1K contracts according to preliminary readings from CME
Les mer »
Crude Oil Futures: Extra losses on the cardsCME Group’s flash data for crude oil futures markets noted traders reduced their open interest positions by around 14.8K contracts at the end of last
Les mer »