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AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks


AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks - US Market Open
2021-02-22 14:45:00
Justin McQueen,
Analyst
GBP Maintains 1.40 as UK Looks to Lift Restrictions
US Rates Hits Tech Stocks
QUICK TAKE: AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks
Equities: Equity markets are beginning the week on the backfoot with tech stocks among the notable laggards as US rates continue its rally. The question being debated now is how far can US rates rise until the equities start to feel significant pressure. S&P 500 futures had broken below the support area (3880-3900) that had underpinned the index for much of last week, the next level on the downside is the 20DMA at 3863. ....

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