lost 2% on Tuesday after the Justice Department filed a lawsuit against Google for abusing its dominance of the digital advertising business.After a spluttering close on Tuesday, Wall St stock futures were down almost 1% before the open today.first U.S. business surveys of the year
showed some of last year's pessimism lifting, and above forecast, they also showed the 7th straight month of contracting activity in January. The Richmond Federal Reserve's manufacturing index plunged back to its lowest since June, the low for the current cycle. U.S. Treasury yields slipped back, with 10-year yields falling to 3.43% as eyes drift to next week's Fed policy meeting and the assumption the central bank will downsize its latest rate rise to 25 basis points. With the debt ceiling impasse also in the background, the U.S. yield curve between 3-months and 10-years inverted to another 40-year low of minus 130bp.later on Wednesday for confirmation that interest rate rises are slowing down at least.
Source: Financial Digest (financialdigest.net)
Now a weather media or just more Biden administration cover up!
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