Morning bid: Jobs test Fed relief, Apple buyback bump

Subject of emergency alert message arrested - May 2, 2024 | SaltWire #dartmouth #update #suspectThe strength of the U.S. labor market will give Wall Street's interest rate relief a reality check on Friday, but Apple's monster share buyback has buoyed the market in advance.

The upshot is that futures markets have bumped up full-year Fed easing expectations to 40 basis points on Friday - 10 bps more than was priced just before the Fed meeting. And two-year Treasury yields have fallen to three-week lows below 4.90%. Cooling inflation fears in the background have seen a recoil of U.S. crude oil prices this week, back below $80 per barrel for the first time in almost two months. And even though the United Nations' Food and Agriculture Organization said its food price index ticked up in April, it remains 7.4% below the level a year earlier after hitting a three-year low in February.

The week's intervention forays, which estimates suggest may have totalled up to $60 billion in dollar sales, have tended to come in relatively thin and illiquid markets. The Hang Seng Index climbed 1.5% for a ninth consecutive day of gains - its longest winning streak since January 2018.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple services restored after brief outages globallyIssues with Apple App Store, Apple TV+, Apple Music resolved after outages
Source: globeandmail - 🏆 5. / 92 Read more »

Monday morning update on the morning snow and today’s rare Solar Eclipse!Good Monday morning! Many of you on the Avlaon awoke to a &8220;surprise&8221; dose of snow overnight. To be honest I didn&8217;t look at the forecast very closely yesterday but from what I did look it, nothing showed this much snow overnight.
Source: NTVNewsNL - 🏆 54. / 59 Read more »

Morning Bid: Markets loving the Fed, yen loving the BOJExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Markets loving the Fed, yen loving the BOJThe dovish waves from Fed Chair Jerome Powell's press conference on Wednesday continue to wash over world markets, putting Asian stocks on the cusp of a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Fed QT taper calms the horses, yen pops againAnxious bond traders seem to have taken solace from the Federal Reserve's surprisingly sharp brake on its 'quantitative tightening' process on Wednesday...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Mayday for bonds as 2024 Fed cut hopes dwindleMay Day for Wall Street comes with the daunting prospect that the multiple interest rate cuts once expected from the Federal Reserve this year might now just...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »