7/1/2021 2:28:55 AM GMT | By Anil Panchal
S&P 500 Futures remain mildly bid near theee record top.
Upbeat US data contrasts figures from China, Japan but hawkish Fedspeak keeps buyers hopeful.
US Treasury yields recover from weekly low amid covid-led fears.
US ISM Manufacturing PMI can entertain traders ahead of Friday’s NFP.
S&P 500 Futures remain on the front foot, up 0.20% around 4,297, during early Thursday. The risk barometer justifies the market’s optimism of the West economies’ recovery from the pandemic even as the Asia-Pacific region struggles with the coronavirus (COVID-19) variant.
Not only the upbeat figures of US ADP Employment Chang and Chicago Purchasing Managers’ Index but comments from the Fed policymakers also highlight the US economic strength. Recently, Dallas Fed President Robert Kaplan reaffirmed his hawkish stance and said, I’d want to taper sooner than the end of the year.
U S , Europe Futures Rise; Virus Saps Mood in Asia: Markets Wrap
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
USD/CAD trades with modest gains, around 1 2400 mark
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Fed s Harker supports start of bond-buying pullback later this year – WSJ
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.