S&P 500 Futures rebound as yields grind near multi-day high on China, Fed concerns – by anilpanchal7 SP500 Futures YieldCurve China Fed
hawkish concerns surrounding the Federal Reserve , backed by the strong US data, keep the bears hopeful.
Earlier in the day, China President Xi Jinping crossed wires while showing readiness to deepen industrial and investment cooperation with Asia. “Willing to share ultra-large-scale markets, complete industrial systems and advanced technologies with central Asian countries,” said China’s Xi. On the same line were fears of witnessing the US debt-ceiling crisis, as warned by the US Congressional Budget Office on Wednesday per Reuters, which in turn suggests a faster solution to the big problem in the upcoming days.
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