S&P 500 Futures pare weekly gains as yields dribble around multi-year high – by anilpanchal7 SP500 Futures YieldCurve Inflation CentralBanks
n so, cautious optimism prevails as the US dollar struggles to benefit from the strong yields and risk-off mood.
That said, Wall Street closed in the red following an initially upbeat performance while the S&P 500 Futures extend the previous day’s losses with 0.50% intraday downside at the latest.closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings,” said Reuters.
Elsewhere, the political crisis in the UK and Japan’s reluctance to intervene despite the multi-year low of the yen, exert downside pressure on the markets. However, China’s readiness to ease virus-led travel curbs seems to defend the buyers. On the same line could be the hopes that Britain will soon overcome the jittery markets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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