Than a fewp more percentage points. When you look at the s p 500, we are not close to oversold conditions. We are not elevated but when you look on an aggregate basis, we are below that line where people start to get worried about a potential for things being too overenthusiastic. The major indexes have recovered, the s p gaining 1. 7 . Last week, it had declined. Were back on the slow glide higher. What are you watching . Asked fed next wednesday and i am thinking about bonds, 10 year yields in particular. The 10 year yield the last four weeks it has closed down three out of those higher three out of those four weeks. Bonds are sliding into the fed, perhaps making the case that the rate cut is priced in. This is a longterm chart. You see the great bond bull market. There is two different trend channels, the 10 year yield bouncing off of the higher when. , ithe tenure you hold 2 suggests that any rate cut or future rate cut may be priced into some degree as this happened in the past wi
Welcome to daybreak europe. Two hours and the start of cash equities trading. Pause a little bit of a in the rally and risk assets since we seen at the start of the year. Global equities stopping last week after five weeks of gains. Youre seeing u. S. Futures struggling for direction. Emergingmarket rally, taking a bit of a pause for breath. Dropping below the moving average. You will see how currencies are performing today. Little bit of a pullback in the end. Dollaryen on the front foot. Of ae seeing a little bit risk on today and it is at least showing up strongly in equities. Meanwhile, oil extending declines after the worst week of we arest week area seeing a little softness come through in iron ore after a big jump of more than 8 in the singapore contract last week. The Chinese Markets coming back with the contract. Lets check on the markets with asia. Our reporter in hong kong has more. Is china coming back online with a bank or a whimper . With a bang. Its momentum we saw back
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