A Peek Into The Markets: US Stock Futures Signal Higher Start On Wall Street; Crude Oil Rises benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Following the market opening Monday, the Dow traded up 0.50% to 34,378.59 while the NASDAQ rose 1.18% to 13,629.81. The S&P also rose, gaining 0.83% to .
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US Federal Reserve officials’ comments remain centered on rising inflation.
Lower US government bond yields weighed on the American currency.
EUR/USD is neutral-to-bullish in the near-term, comfortable above 1.2200.
The financial world started the week cautiously, with the greenback ending the day lower against most major rivals. The EUR/USD pair hit an intraday high of 1.2229 at the beginning of the American session, from where it pulled down to the current 1.2210 price zone. A holiday in Europe and Canada kept major pairs inside limited intraday ranges, while the greenback fell alongside US government bond yields.
The macroeconomic calendar had nothing to offer. The EU did not publish macroeconomic figures, while the US released the April Chicago Fed National Activity Index, which printed at 0.24, down from the previous 1.71. Federal Reserve officials were in the wires, and comments Governor Lael Brainard outstand. Among other things, he noted that the US econom
May 24, 2021 08:01 GMTFXStreet News
DXY refreshes intraday low, fades bounce off early January low.
Market sentiment dwindles amid a quiet session, US 10-years Treasury yields drop.
Fedspeak, Chicago Fed National Activity Index eyed for fresh impulse.
US dollar index (DXY) fails to extend Friday’s bounce off 4.5-month low, refreshing intraday bottom with 89.97 level, as European traders prepare for Monday’s bell. The greenback gauge jumped during late Friday amid tapering concerns. Though, a lack of major directives afterward weighs on the US Treasury yields and greenback by the press time.
Strong PMIs for May keep reflation fears on the table, which in turn pushed Atlanta Federal Reserve President Raphael Bostic and Philadelphia Fed President Patrick Harker to join Dallas Federal Reserve Bank President Robert Kaplan and back the need for tapering talks.
By Anna Hirtenstein U.S. stock futures edged up and bond yields crept lower as investors grew more comfortable with the inflation outlook and the pace of the economic recovery. Futures.