Feb 10, 2021 03:23 GMTFXStreet News
S&P 500 Futures defy the previous day’s halt to the upside momentum while refreshing record top.
Mixed catalysts trouble the bulls cheering vaccine, stimulus hopes.
China’s inflation joined other leading indicators suggesting the dragon nation is losing off-covid recovery.
S&P 500 Futures take the bids near 3,920, the record top, during early Wednesday. The risk barometer struggled the previous day as fears of relation challenged upbeat sentiment. However, downbeat inflation data from China and mixed US readings keep directing the market optimists towards cheering more stimulus and covid vaccines.
With the latest comments from Bank of Japan (BOJ) monetary policy board member Seiji Nakamura suggesting prolonged easy money policies from the Japanese central banker, global market players keep their stimulus hopes on the table. Also favoring the mood could be China’s downbeat Consumer Price Index (CPI) and Producer Price Index (PPI) for Ja
Stocks Open Higher as Market Rally Extends morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON (dpa-AFX) - Gold prices inched higher on Wednesday to hover near a one-week high hit in the previous session as the dollar weakened, U.S. yields held steady and hopes of more U.S.
By Sumita Layek (Reuters) - Gold rose on Wednesday, hovering near a one-week peak hit in the previous session, as a weaker dollar and rising hopes of a U.S. stimulus elevated bullion s appeal as a hedge against inflation. Spot gold rose 0.3% to $1,842.41 per ounce by 0342 GMT. Prices hit their highest since Feb. 2 at $1,848.40 in the previous session. U.S. gold futures gained 0.3% to $1,843.50. Making gold more affordable, the dollar fell to a near two-week low against rivals. With U.S. yields holding steady, gold is moving inversely to the U.S. dollar. That says to me this is not a gold story, rather it is a weak dollar story, said Jeffrey Halley, a senior market analyst at OANDA.