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It was a disappointing session on Wall Street, where after a hesitant opening, the indices were soon on their way up, with +0.7% for the Dow Jones, +0.5% for the S&P500 and +0.4% for the Nasdaq...
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after trending lower over the past several sessions.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Oil and gold jumped on rising geopolitical tensions after Israel struck targets in western Iran as a response to last weekend’s attacks. One of the concerned cities is Isfahan, home to several military bases and facilities, but also to nuclear facilities including the main technology center. Iran said that the nuclear site is safe.
In a session deprived of key data, yields and the USD yesterday faced a correction on recent rise. Markets concluded that, without new data evidence on strong US demand or sticky inflation, enough Fed rate cut delay is discounted. A decline in oil prices (high US stockpiles) also supported core bonds. US yields dropped between 5.5 bps (2-y) and 8.6 bps (5-y). The Fed Beige Book preparing the May Fed meeting reported slight or modest growth in most districts.