Stocks rose Friday and sovereign bond yieldsclimbed on optimism about the economic outlook, though uncertainty lingers about potential risks from the debt crisis at China Evergrande Group.
Shares jumped in Japan and were steady in Hong Kong and China, where Evergrande has yet to make a statement on a dollar-bond interest payment that was due Thursday. Global market uneaseabout contagion emanating from Evergrande has ebbed, but it remains unclear if Beijing plans to manage the fallout from any potential default at the word’s most-indebted developer.
U.S futures fluctuated after the S&P 500’s biggest two-day gain since July. The Wall Street advance was led by economically-sensitive sectors like energy and financials, as investors embraced the view that a looming reduction in Federal Reserve stimulus shows confidence in the recovery from the pandemic. The dollar ticked up and oil held around $73 a barrel.
The prospect of tighter monetary policy spurred a global selloff in bonds. Long-term Treasury yields have surged the most in 18 months as traders brought forward expectations for the first Fed rate hike to the end of 2022. The Bank of England opened the door to a 2021 rate increase, pushing down 10-year gilts. Yields also jumped on sovereign debt in Australia and New Zealand.
US After Hours NKE -3.8% falls on earnings, weak guidance; COST +0.6% ticks higher on earnings; PRGS +6.8% up nicely on big beat/M&A news
Nikkei +2.08% Hang Seng +0.00% CSI +0.38% Shanghai -0.33% Shenzen -0.16%
Eur$ 1.174 CNH 6.4598 CNY 6.4596 JPY 110.49 GBP 1.3717 CHF 0.9250 RUB 72.7760 TRY 8.7788 WTI$ 73.47 +0.235 Gold 1,754.88 +0.69% BTC 44,355 -0.79% ETH 3,85 -1.81%
S&P -0.02% Nasdaq -0.13% EuroStoxx +0.02% FTSE +0.02% Dax +0.03% SMI -0.02%
Macro :
- Lagarde Says Many Causes of Higher Prices Are Temporary: CNBC
Macro :
- Lagarde Says Many Causes of Higher Prices Are Temporary: CNBC
- Evergrande USD Bondholders Yet to Receive Interest Due Thurs (1)
Keep an eye on :
Keep an eye on :
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