Stocks are likely to reach new highs in June, but the extent of the market gains depends on how much of a threat investors believe inflation will become.
Despite a stubbornly high unemployment rate of 6.1% in April representing 9.8 million people who say they are actively looking for work many employers are reporting that they can't find people to hire.
Treasuries Extend Upward Trend Amid Easing Inflation Concerns Treasuries showed a notable move to the upside during trading on Tuesday, extending the upward trend seen over the past few sessions.
Bond prices moved modestly higher in early trading and climbed more firmly into positive territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 4.4 basis points to 1.564 percent.
The continued advance by treasuries came as concerns about inflation and monetary policy tightening continued to ease following comments from several Federal Reserve Officials.
St. Louis Fed President James Bullard told Yahoo Finance in an exclusive interview that policymakers should not be too eager to pull back support yet as vaccinations bring the economy “closer and closer” to pre-pandemic form.
Gold prices edged lower on Tuesday as risk appetite improved after U.S. Federal Reserve officials calmed investor concerns over inflation, although a subdued…
Dow Jones Gains, Nasdaq 100 Outperforms Amid Dovish Fedspeak. ASX 200 May Rise
2021-05-25 02:00:00
Daniel Dubrovsky,
Strategist
Dow Jones, Nasdaq 100, Fed, ASX 200, Nikkei 225, Kospi – Asia Pacific Indices Briefing
Asia-Pacific equities may rise, especially ones skewed towards tech
Australia’s ASX 200 could be aiming to revisit 2020 peaks near-term
Monday’s Wall Street Trading Session Recap
Equities on Wall Street gained, with the tech-heavy Nasdaq 100 leading the charge, climbing 1.72% on Monday. The S&P 500 and Dow Jones Industrial Average gained 0.99% and 0.54% respectively. This likely reflected demand for growth-oriented equities compared to value ones. This followed fading 2020 Fed rate hike bets as Treasury yields declined during a fairly quiet session deprived of key economic data risk.