A look at the day ahead in U.S. and global markets from Mike Dolan World markets stayed remarkably buoyant even as the chances of one more U.S. interest ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSA look at the day ahead in U.S. and global markets from Mike Dolan
After almost two months of stability in assuming peak rates would be where they are now, the chances of another tightening have been creeping higher again over the past 10 days and appear to be cementing following Fed Chair Jerome Powell's relatively hawkish speech at Jackson Hole on Friday. More impressively in the circumstances, restive bond markets calmed down and bond yields continued to dial back from their highest in over a decade last week. Two-year Treasury yields fell back below 5%, with 10-year yields eyeing their lowest in almost two weeks at 4.17% and equity risk gauges such as the VIX of implied volatility touching two-week lows too.With the Atlanta Fed's real-time estimate of quarterly real GDP growth running as high as 5.
Overseas, China's embattled stock markets managed to advance for a second day - lifted by a series of support measures and hopes of some detente in the economic and financial standoff between Washington and Beijing amid a three-day visit to China by U.S. Commerce Secretary Gina Raimondo.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marketmind: Data, policy, diplomacy - China in focus againBy Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As the week gets underway, ...
Read more »
Marketmind: Beijing tries new ways to lift moribund marketsChinese blue chips were enjoying a rare rally on Monday after Beijing rolled out more measures to support the market. These included halving the stamp duty on stock trading, slowing the pace of new offerings and approving the launch of 37 retail funds to invest in stocks. While hardly the sort of massive fiscal stimulus investors crave, it was welcome that Beijing at least understood that assistance was needed, and stocks gained around 2.5%.
Read more »
Marketmind: Beijing tries new ways to lift moribund marketsA look at the day ahead in European and global markets from Wayne Cole Chinese blue chips were enjoying a rare rally on Monday after Beijing rolled out ...
Read more »
Marketmind: China's stock flame fizzling already?By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets look set to open ...
Read more »
Marketmind: Strikes, system failures and a slowdownA look at the day ahead in European and global markets from Tom Westbrook: Workers at two Chevron liquefied natural gas facilities in Australia plan ...
Read more »
Futures edge higher as focus shifts to inflation, jobs dataStocks ended a volatile session higher on Friday after Fed Chair Jerome Powell at the Jackson Hole meet said the U.S. central bank may need to raise interest rates further to ensure inflation is contained. The personal consumption expenditures price index, the Fed's preferred inflation gauge, is set to be released on Thursday and the non-farm pay rolls data is due on Friday. 'While our base case is that the Fed has already reached the end of its tightening cycle, views on the Fed could continue to shift in response to data over coming weeks,' Mark Haefele, chief investment officer at UBS Global Wealth Management, said.
Read more »