Downgraded see its rating downgraded . Matt. Matt we are just 30 minutes away from the start of cash trading in europe. Volume yesterday because the u. S. Was closed. It was only open half a day today, because most people take friday off as well as a bridge the into a longer inks giving weekend. Longer thanksgiving weekend. Yesterday was a mixed trade. We had the tech down half a percent. The ftse and the dark unchanged. The ftse and the dax unchanged. Bunds. Look as well at i have the threeday trade. We see yields rising a little bit now, as investors have sold off german debt a little bit. Maybe they will use that cash to buy stocks. Maybe today will be a good day for equities. It feels like i like volume kind of a day. Chinese stocks stable easing overnight. Stocks stabilizing overnight. Have a legacynt story to deal with in europe this morning. Currently, risk off. Sorry, risk on. The japanese yen is down. 2 . In my mind continues to be what is happening in the crude story. On what
High. We will get the view from Goldman Sachs. There are record deliveries for airbus. We will speak to the ceos of both companies this morning. Matt remember how inflation scared markets into a massive selloff a couple of weeks ago . Yesterday we got the strongest month over month cpi numbers 12 12 years anders in u. S. Stocks rallied. You saw a spike in treasury yields. Take a look at the 10 year here. You can see just a massive yields. In treasury the yield has gone up, as investors sell the debt. That makes sense if you expect more increases from the federal reserve. The question is, what happened to stocks . Guy i dont think that you or i could even bother to explain. The yen is really strongly bid, so the dollar continues to go down. The strong concerns see currency out of japan does not seem to be bothering the authorities. Kei wask kind nic also trading higher. Is big this morning, gasoline is also. With parsing a bid we are seeing a bid coming through on some of the muscles. W
After a round of soft inflation data triggered a buy-everything relief rally, Wall Street will focus on Fed speak and a plethora of data points that might show the economy remains resilient.
Week Ahead - An encouraging recovery - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
April 30, 2021SharePrint
Everyone on Wall Street is trying to figure out if the peak in Treasury yields will stick for a while now that the US is approaching peak growth. The best expansion since World War 2 is being accompanied with a Fed that remains committed to supporting the economy until a complete recovery. The playbook for many traders appears to be the Fed could announce at the June FOMC or at the Jackson Hole Symposium that they are ready to start talking about tapering, paving the way for a gradual reduction of the $120 billion per month in asset purchases.
Another busy week ahead has several key economic releases, central bank speak, and a couple of big interest rate decisions. In the US, traders will closely watch the ISM Manufacturing reading and Market PMIs, durable goods, factory orders, and the nonfarm payroll report, which could show over a million jobs were created in April. We will hear from ECB’s Lagarde, Fed Chair Powell and his colleagues Daly, Kashkari