European stocks slip and U.S. equity futures pause as investors continue to absorb hawkish Fed turn

European stocks dipped on Friday, while U.S. equity futures traded mostly flat, as investors continued to absorb a hawkish turn by the Federal Reserve. Banks and energy companies led the decliners.

The Fed was viewed as taking a hawkish turn on Wednesday after its summary of economic projections showed two interest rate increases in 2023, and that it has begun talking about when to slow the rate of bond purchases. Also on Thursday, the dollar soared and commodity prices tumbled, though that action seemed to be calming down on Friday, with a bounce for hard-hit gold GCQ21, +0.99%. Tumbling bond yields was another reaction. The yield on the 10-year Treasury TMUBMUSD10Y, 1.487% was steady at 1.508%. The yield saw its sharpest slide since June 4 between Wednesday and Thursday.As reflation trades unwound, bank stocks came under pressure, with HSBC HSBC, -1.04% HSBA, -1.27% down 0.4% and BNP Paribas BNP, -2.

United States Latest News, United States Headlines

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

European stocks set for subdued open after Fed signals 2023 rate hikesEuropean stocks are expected to open lower on Thursday as global markets react to the Federal Reserve's signal that rate hikes will come sooner than expected. thanks Stocks are about 20% higher than pre pandemic high, all commodities are high than pre pandemic, unemployment is high cuz people get free handouts but fed no where near to raise rate or reduce balance sheet. But market gets nervous. marketsinturmoul when they actually will do it late 2023 is over 2 yrs away
Source: CNBC - 🏆 12. / 72 Read more »

European stocks slip and U.S. bond yields rise as markets react to Fed shiftEuropean stocks traded lower on Thursday, in their first reaction to news the Federal Reserve was looking to lift interest rates quicker than expected in the... horrible
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks fall, bond yields rise as Fed discusses dialing back supportAsian stock markets have followed Wall Street lower after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought
Source: latimes - 🏆 11. / 82 Read more »

Asian stocks follow Wall Street lower amid concern of a Fed turning more hawkishAsian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.
Source: MarketWatch - 🏆 3. / 97 Read more »

Investing playbook for stocks, commodities, crypto after Fed meetingThe Fed has left rates steady while signaling 2 potential hikes by the end of 2023. Here is what to do with your stocks, bonds, and digital assets, according to top Wall Street and crypto investors. I'm not concerned about rate hikes 2 years from now that may never happen. Wow, alot can happen with inflation in 2 years.. 📢 24% of companies expect to invest between 5 and 10 million USD in blockchain during 2021. Not in cryptocurrency, but blockchain. Libonomy , the world’s fastest blockchain will be one of the beneficiaries. ✔ Libonomy LBY cryptocurrency investmentoftheyear
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks are flat after post-Fed decision sell-offMaterials stocks were weaker Thursday as higher rates may further take the air out of a big commodities rally in 2021. why is everyone ignoring inflation that has hit people? everything is much more expensive and nobody cares? clown market! Strong Buy Novavax novavax Really? Which market are you watching?
Source: CNBC - 🏆 12. / 72 Read more »