S&P 500 Futures recover, Treasury bond yields retreat as IMF revises up global growth forecasts

and Europe, an easing of energy costs and the reopening of China's economy after Beijing abandoned its strict COVID-19 restrictions.Earlier in the day, China’s NBS Manufacturing PMI rose to 50.1 versus 49.7 market forecasts and 47.0 prior whereas Non-Manufacturing PMI also came in upbeat with 54.4 figure compared to 51.0 expected and 41.6 previous readings.

Against this backdrop, the S&P 500 Futures print mild gains despite downbeat Wall Street performance whereas the US 10-year Treasury yields retreat to 3.54% after posting a three-day winning streak in the last. Moving on, the US fourth-quarter US Employment Cost Index and the Conference Board’s Consumer Confidence gauge for January will be eyed for clear directions. It should be noted that the US Consumer sentiment gauge to improve but a likely softer print of the US ECI, to 1.1% from 1.2% could strengthen the dovish bias surrounding the Fed and probe the Kiwi pair bears. However, major attention will be given to Wednesday’s Federal Open Market Committee monetary policy meeting.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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.

Asian Stock Market: Shanghai shows resilience after a long holiday, S&P500 futures drop, oil retreatsAsian Stock Market: Shanghai shows resilience after a long holiday, S&P500 futures drop, oil retreats – by Sagar_Dua24 Asia China BOJ Oil RiskAversion
Source: FXStreetNews - 🏆 14. / 72 Read more »

‘Fireball 500’ Takes ‘Beach Party’ to the Speedway'Fireball 500' is 'Beach Party' meets 'Thunder in Carolina.' Strap in, grab a snack and enjoy a '60s stock car gem.
Source: AutoweekUSA - 🏆 229. / 63 Read more »

Weekly Forex Forecast \u2013Gold, EUR/USD, AUD/USD, S\u0026P 500 IndexThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Source: Daily_Forex - 🏆 567. / 51 Read more »

Over 500 sea turtles rescued by Boston aquarium as cold-stunning season comes to a closeMore than 60 turtles are still too weak to survive on their own after being rescued from the frigid waters of Cape Cod Bay.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »

I see this year's budding stock rally signaling a different kind of bull market, one that's not so reliant on just a few stocksThe obsession with FANG a decade after its birth is over and that means more money for the rest of the 500 companies in the S&P 500 benchmark index. welp were fucked Who has my ducking money ? Why does anyone listen to Cramer?
Source: CNBC - 🏆 12. / 72 Read more »

Indonesia sees record coal exports of more than 500 mln tonnes in 2023Indonesia plans to produce 695 million tonnes of coal this year and sees exports of 518 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif said on Monday, a level that would mean record shipments out of the country.
Source: Reuters - 🏆 2. / 97 Read more »