Page 28 - Tom Simons News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW YORK: Stock indexes were lower globally on Monday with technology shares on Wall Street falling, while US Treasury yields traded little changed even after a report showing the highest prices ever paid in a May manufacturing survey for New York state. Concerns over inflationary pressure helped to lift gold prices to their highest in more than three months, however. The Empire State Manufacturing Survey, produced by the New York Fed, showed the prices paid index rose to a record 83.5, the highest since the data series began in 2001, said Tom Simons, money market economist at Jefferies & Co...

ChinaStocks fall as tech shares weigh; gold rises amid inflation concerns Caroline Valetkevitch 4 minute read Stock indexes were lower globally on Monday with technology shares on Wall Street falling, while U.S. Treasury yields traded little changed even after a report showing the highest prices ever paid in a May manufacturing survey for New York State. The S&P 500 technology sector (.SPLRCT) was down 0.9% and was the biggest drag on the benchmark index. Concerns over inflationary pressure helped to lift gold prices to their highest in more than three months, however. The Empire State Manuf...

Article content U.S. inflation expectations have surged to the highest in a decade as the economy reopens from COVID-19-related shutdowns, putting investors at odds with the Federal Reserve which sees price pressures still far from its target. Inflation expectations as measured by breakevens on Treasury Inflation-Protected Securities (TIPS) over the coming five years jumped to a 10-year high of 2.73% on Monday. We apologize, but this video has failed to load. Try refreshing your browser, or Market at odds with Fed as inflation expectations hit 10-year highs Back to video The jump comes at t...

The U.S. Treasury Department is expected to keep the sizes of debt auctions unchanged for a second-consecutive quarter when it announces its quarterly refunding next week, analysts said.

Now that nearly 30% of Americans are fully vaccinated, more businesses are reopening, air travel is picking up and foot traffic in retail stores is increasing. If nonfarm payroll gains surpass 1 million, it would be the first time since last August, before the second wave of Covid hit in the fall. "Just based on restaurant bookings, there's got be a ton more capacity in the restaurant industry right now," said Tom Simons, a money market economist at Jefferies. "That can't be done with nobody working. You literally can't fulfill these bookings with no workers." Strong projections Jefferies eco...