NASDAQ TECH EARNS 15 1644937023209 1660920982029 1660920982029

Nasdaq Leads Futures Higher as Yields Steady: Markets Wrap

(Bloomberg) — The Nasdaq 100 Index raised U.S. equity futures while Treasury yields were steady. Futures on the S&P 500 and Dow Jones Industrial Average also pointed to a recovery in the underlying gauges, which slipped Tuesday amid a setback for reopening favorites. Shares in Intel Corp. rose in premarket trading after it unveiled a plan to make chips for other companies amid a global shortage. The stabilization in bond yields and assurances by Federal Reserve Chairman Jerome Powell on inflation risks has helped allay fears that a growth breakout will force tighter central-bank policy. Treasury auctions scheduled for Wednesday and Thursday will be closely watched for the direction of yields since a disastrous seven-year auction sparked a global bond selloff last month. Today’s offerings include $61 billion of five-year notes.

Nasdaq Leads

“Yields have been tamed in recent sessions,” according to Steen Jakobsen, chief investment officer at Saxo Bank. The auctions “will help determine whether the ‘rising U.S. yields’ narrative can be entirely taken off the front burner for now,” he wrote in a note. European stocks edged lower, with cyclical stocks, including banks and auto firms, among the fallers. A gauge of Asia-Pacific shares fell the most in about two weeks. Hong Kong equities fell to a 10% correction in five weeks amid the city’s decision to temporarily suspend BioNTech SE vaccines. Meanwhile, West Texas Intermediate crude rose more than 3% after a container ship ran aground in the Suez Canal, blocking off traffic in both directions on one of the world’s busiest maritime trade routes. Bitcoin rose after Tesla Inc. Chief Executive Officer Elon Musk tweeted that the firm’s cars can be purchased with the most prominent cryptocurrency.

These are some key events to watch this week: EIA crude oil inventory report on Wednesday. U.S. personal income and spending data on Friday. The U.S. Treasury holds auctions of five- and seven-year debt. These are some of the significant moves in financial markets: Futures on the S&P 500 Index increased 0.4% as of 6:27 a.m. New York Times. The Stoxx Europe 600 Index decreased by 0.1%. The MSCI Asia Pacific Index declined by 1.5%. The MSCI Emerging Market Index fell by 1.1%. The Bloomberg Dollar Spot Index increased by 0.1%. The euro fell 0.2% to $1.1826.The British pound sank 0.2% to $1.3719.The onshore yuan weakened 0.1% to 6.52 per dollar. The Japanese yen weakened 0.1% to 108.74 per dollar.

The yield on 10-year Treasuries rose one basis point to 1.63%. The work on two-year Treasuries climbed less than one basis point to 0.15%. Germany’s 10-year yield sank one basis point to -0.35%. Japan’s 10-year yield fell one basis point to 0.073%. Britain’s 10-year yield dipped less than one basis point to 0.759%. Brent crude rose 2.6% to $62.36 a barrel. West Texas Intermediate crude climbed 2.6% to $59.27 a barrel. Gold strengthened 0.4% to $1,733.17 an ounce. For more articles like this, please visit us at


I have always enjoyed writing and reading other people's blogs. I started writing a journal as a teenager and have since written numerous books and articles. My blog is a place where I can write freely about my personal interests and those of others.

Leave a Reply

Your email address will not be published. Required fields are marked *