Markets in Europe, Hong Kong remain closed for the Easter holiday
Futures tracking the tech-heavy Nasdaq 100 led modest losses on Wall Street, with shares of growth stocks Apple Inc, Amazon.com Inc, Microsoft Corp slipping in early premarket trade.
“We see a disconnect between markets presuming much easier Fed policy on “softer” data and how the Fed will actually see the data,” Citi economists said in a note. While U.S. stock markets were closed for Good Friday, Treasury yields surged after the data, with the two-year yield , which typically moves in step with rate expectations, jumping to 3.993% on Friday. It was last down at 3.9306%.Focus this week will shift to U.S. consumer prices data, the Fed’s meeting minutes as well as first-quarter results from big U.S. banks, including JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co.
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