Thursday, July 29

Bond Yields

Alphabet, Apple, Bitcoin, Bond Yields, China Crackdown, Dow Jones, Federal Reserve, Markets, MI Exclusive, Microsoft, NASDAQ, UK market wrap, US futures

US futures swing into the green after sharp tech sell-off, while bonds yields rise ahead of Fed decision

US stocks have been hit by worries over China. John Minchillo/AP US futures swung into the green on Wednesday as US earnings season rolled on, after China's crackdown on its big companies drove a sharp tech sell-off the day before.Meanwhile, bond yields moved slightly higher ahead of the latest monetary policy decision by the Federal Reserve, due later Wednesday.Futures for the tech-heavy Nasdaq 100 fell but then reversed their losses to rise 0.24%, after the linked index dropped 1.21% on Tuesday-its biggest fall in more than two months. S&P 500 futures rose 0.16%, while Dow Jones futures were roughly flat.China's government has intensified its scrutiny of its major private companies, which has triggered a sharp sell-off in Asian stocks this week. The government has brough...
Bond Yields, delta variant, Economy, inflation, Markets, MI Exclusive, reopening, Stocks

Top Fed official warns the COVID delta variant is a threat to the US economy and says the central bank will keep supporting growth

Mary Daly is president of the San Francisco Federal Reserve. The Washington Post/Getty Images The COVID delta variant is a threat to the global economy and US growth, a top Federal Reserve official said. SF Fed boss Mary Daly told the Financial Times the central bank should be patient in supporting the US recovery. Policymakers are debating how fast to withdraw support in the wake of a rapid rebound. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A top policymaker at the Federal Reserve has said the fast-spreading delta COVID-19 variant poses a risk to the rebound in global growth, and said the central bank should be patient in supporting the US recovery."I think one of the biggest risks to our global growth going forward is that we prematurely declare ...
Bitcoin, Bond Yields, Dollar, Dow Jones, Markets, MI Exclusive, NASDAQ, oil prices, s&p 500, ukmarketwrap, US futures, US stocks

US stock futures tumble as investors fret about economic recovery, while bond yields slide for 8th straight day

Investors have become more cautious about US stocks in recent weeks. Johannes Eisele/Getty Images US futures tumbled in European trading on Thursday as investors reassessed the economic outlook. Bond yields, which move inversely to prices, also fell as investors took cover in the safe assets. Investors are concerned about the delta COVID-19 variant and central bank policy, analysts said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stock futures fell sharply on Thursday, as doubts crept in about the strength of the global economic recovery, and concerns grew about the delta coronavirus variant.Meanwhile, bond yields fell for the eighth session in a row as investors bet that inflation would be weaker than previously expected.S&P 500 futures fell 1% ...
Bond Yields, Goldman Sachs, inflation, Markets, MI Exclusive, s&p 500, Stock Market Outlook, US stocks

Goldman Sachs says a surge in bond yields could knock the S&P 500 down 17% this year, as it imagines surprise scenarios

Goldman Sachs analysts looked into possible risks to US stocks. Ramin Talaie/Getty Images A surge in bond yields could cause the S&P 500 to tumble 17% from its current level, according to a Goldman Sachs research note looking into factors that could cause the benchmark index to rise or fall more than expected.Goldman analysts, led by chief US equity strategist David Kostin, said a sharp rise in the 10-year US Treasury yield to 2.5% by the end of the year would weigh on stock prices by making companies' dividends look less attractive.Such a jump in yields would imply a fair value for the S&P 500 of just 3,550, Goldman said-around 17% below Monday's closing price of 4,290.61.Yet Goldman and the rest of the market believe bond yields are very unlikely to rise that far. Such a jump w...
Bond Yields, Fed inflation outlook, Federal Reserve, HSBC, inflation, Markets, MI Exclusive, s&p 500, Stock Market Outlook, US stocks

The Fed has created a ‘Goldilocks’ environment that will push stocks higher, top HSBC investment strategist says

The Fed has said strong inflation will prove transitory. Liu Jie/Xinhua/Getty Images The Fed has created a "Goldilocks" scenario in which stocks should keep rising, Willem Sels said. The HSBC Private Banking investment boss said inflation and rising bond yields should prove transitory. He said he was seeking a balance between growth and value stocks as the recovery continues. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The Federal Reserve has created a "Goldilocks" environment in which inflation should stay under control and stocks can keep rising, the chief investment officer at HSBC Private Banking and Wealth Management has said.Willem Sels said he believed the Fed had struck the right balance between keeping monetary policy loose and signaling tha...
Bond Yields, Dow Jones, infrastructure bill, Joe Biden, Markets, MI Exclusive, NASDAQ, oil prices, s&p 500, ukmarketwrap, US stocks

S&P 500 and Nasdaq futures hover near record highs after Joe Biden strikes $1 trillion infrastructure deal, while oil prices rise

President Joe Biden (right) reached a deal with Republicans on infrastructure. Jacquelyn Martin/AP S&P 500 futures hovered near a record high on Friday after President Joe Biden struck a deal with Republicans on a $1 trillion infrastructure deal, which includes $579 billion of new spending.Futures for the benchmark S&P 500 were up 0.05%, while Nasdaq 100 futures rose 0.04%, after both indices hit a record high on Thursday. Dow Jones futures rose 0.26%, with industrial firms more likely to benefit from infrastructure spending.In Asia overnight, China's CSI 300 jumped 1.63% while Japan's Nikkei 225 climbed 0.66%. In Europe, the Stoxx 600 index slipped 0.09% in early trading.President Biden's deal would see over $1 trillion spent on upgrading the US's infrastructure over the next ei...