Futures, Yields Slide As Month-End Jitters Spread zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
Monday, Mar 15, 2021 - 07:59 AM
Global shares rose and US equity futures were flat as U.S. bond yields hovered near a 13-month to start the week as bets economic growth will accelerate kept high duration stocks depressed as investors braced for Federal Reserve and other key central bank meetings in the days ahead.
The Dow notched five consecutive record highs last week as approval of one of the largest fiscal stimulus in U.S. history and vaccine rollouts fueled demand for economy-linked stocks such as banks, energy, materials at the cost of tech names with lofty valuations.
Dec 30, 2020
Tokyo stocks are likely to climb in 2021 with progress in global COVID-19 vaccinations helping to improve the business climate and Japan’s accommodative monetary policies remaining in place.
Analysts forecast the benchmark 225-issue Nikkei stock average of the Tokyo Stock Exchange, which finished 2020 trading Wednesday at 27,444.17 the highest year-end close since 1989 will move between 21,000 and 30,500 in 2021.
“In the first half of 2021, the stock market will still be weighed down by the continuing pandemic. But as more people get vaccinated, there will be a bigger pickup in the second half,” said Makoto Sengoku, senior equity market analyst at the Tokai Tokyo Research Institute.