Stocks wait at record peaks for Fed; oil marches higher
Global shares held near record highs on Monday while U.S. bond yields flirted with three-month lows as investors expect the Federal Reserve to stick to its dovish mantra later this week.
all closed at record highs on Friday. EuroSTOXX 50 futures rose 0.2% on Monday. S&P 500 futures nudged up 0.1%The rally came even as U.S. inflation data on Thursday exceeded market expectations and amid surging factory prices in China - both of which investors appeared to regard as temporary or manageable.
"Strip used cars, hotels, and other leisure-related reopening plays out of the (U.S.) CPI, and I am not sure the inflation outlook is the end of days many are predicting," said OANDA analyst Jeffrey Halley in a note on Monday."Yes, PPIs are racing higher, but will that be reflected in higher consumer goods prices from China? I am not so sure on past experience...the honest answer is that we just don't know yet. Certainly, that's what the U.S. bond market is saying to us."
Ample funds are finding their way to bonds, where the yield on 10-year U.S. Treasuries stood at 1.4602% ahead of the Fed's policy meeting this week, having fallen to a three-month low of 1.428% on Friday."It is becoming painful for bond bears and I bet the 10-year yield will fall to 1.25% or even 1%," said Akira Takei, fund manager at Asset Management One, noting that the U.S. economic recovery is likely to slow in coming months. headtopics.com
Speculators are also building up long positions in U.S. debt, with their net long positions in U.S. bond futures hitting the highest level since October 2017 , U.S. financial watchdog data showed.Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday.
While some Fed board members have said the central bank should start discussing tapering its bond buying, most investors think a majority of policymakers still prefer to wait a bit more."There will probably be no surprise from the Fed this week," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities. "But in the longer term, there's clear risk of the Fed's stimulus becoming excessive."
In the currency market, the euro has lost steam after the European Central Bank last week showed no willingness to reduce its stimulus either.The euro traded at $1.2099 , having fallen to a one-month low of $1.2093 on Friday.The yen stood little changed at 109.72 yen .Read more: Reuters Top News »
U.S. CDC chief says there will be no federal mandate on COVID-19 vaccine
U.S. Centers for Disease Control and Prevention Director Dr. Rochelle Walensky said on Friday there will be no nationwide mandate for Americans to get a COVID-19 vaccine, clarifying comments she made earlier during a televised interview.
We need to speak up about the volume this morning... Just a normal, everyday run of the mill volume reset during premarket on Webull AMC
European markets continue march to record highs as Fed meeting looms Europ ean stocks were fractionally higher to start the week as investors look ahead to the June meeting of the U.S. Federal Reserve. this is terrible news SAC troops in Myanmar believe they should be able to do anything, including using a cane to discipline students? What a bunch of idiots? WhatsHappeningInMyanmar June14Coup EndSexualViolence
Treasury yields rise slightly as investors gear up for Fed meetingTreasury yields climbed slightly higher on Monday morning, with investors gearing up for the Federal Reserve's two-day policy meeting this week. CEO of Strike .jackmallers on CNBC: speaks on El Salvador adopting bitcoin btc cryptotrading The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of KevinKatch2 I've been earning ZAR60,353.00k weekly I've never regretted this decision fellow RSA, 🙏🏻
Markets Are Leaving Little Room for the Fed to Be Wrong on InflationThe Fed is probably right that this burst of inflation is transitory. But investors need to pay attention to the risk that it is wrong, too, writes jmackin2 jmackin2 Check coinmarketcap jmackin2 Probably wrong- jmackin2 Usually inflation follows the end of a very long war, i.e.
Dollar little changed as traders seek direction from Fed meetingThe U.S. dollar held steady against major currencies on Monday, after posting its biggest weekly gain in more than a month, as traders closed short positions ahead of a Federal Reserve policy meeting this week.
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Fed explores ‘once in a century’ bid to remake the U.S. dollarThe rise of private cryptocurrencies motivated the Fed to start considering a digital dollar to be used alongside the traditional paper currency. Daha çok geriye götürecekler herhalde ülkeyi. İngilizlerin yaptığı gibi boşuna yapmayın, Bitcoin gibi. Çünkü fazla bir işe yarayacağını sanmıyorum. Boş iş yani. Benden tavsiye. !!! 🤔🤔🤔 Because the Chinese are digitizing in order to make the Yuan the reserve currency. Oh no yhr banks wont make money off of our money cause we are skipping the middle man who the fuk cares? They were responsible for the 2008 crash if anything they should be deported or more regulated so they can crash the system again. This nation is FOR THE PEOPLE NOT THE BANKS!