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The yield on the 2-year and 10-year U.S Treasury notes briefly traded near their highest levels since March as investors pondered the economic outlook as debt…
U.S. equities were mixed as investors parsed the latest batch of corporate earnings reports and awaited clues on the timing of stimulus tapering by the Federal Reserve. The S&P 500 was little changed while the Nasdaq 100 fell after the first round of results from tech megacaps. Alphabet Inc. was a standout gainer in both indexes, rising toward a record after its results showed a surge in ad sales related to travel and retail. Microsoft Corp. was among the biggest drags, dropping to a three-week low after the software maker failed to deliver the blockbuster results some analysts were looki...
MONEYWEB app instead? The dollar headed for its first back-to-back gain this month. By Srinivasan Sivabalan, Bloomberg 28 Apr 2021 10:16 Image: Qilai Shen/Bloomberg Longer-dated Treasury yields extended their advance and US stock-index futures mostly fell as investors awaited clues on the timing of stimulus tapering by the Federal Reserve. The dollar strengthened as Americans braced for Joe Bidenâs tax plans. The 10-year rate traded at a two-week high, extending a bounce-back from its 50-day moving average. June contracts on the Nasdaq 100 Index led losses in the derivative marke...
(MENAFN - DailyFX) Equities charged higher across the globe this past peek as the ‘risk-on' tone in financial markets continued recovering after some choppiness in late January. On Wall Street , the Dow Jones, S & P 500 and Nasdaq Composite climbed 1.00%, 1.23% and 1.73% respectively. Meanwhile, the FTSE 100 and Nikkei 225 advanced 0.94% and 2.72% respectively. The rosy mood certainly made its way into foreign exchange markets, where the anti-risk US Dollar and similarly-behaving Japanese Yen were some of the worst-performing G10 currencies. Meanwhile, the growth-oriented Australian Doll...