S&P 500 Futures trace Wall Street’s gains to poke fortnight high, yields grind higher – by anilpanchal7 SP500 Futures YieldCurve Fed Equities
While portraying the sentiment, the S&P 500 Futures rise nearly 1.0% intraday to poke a two-week high, tracking Wall Street’s second daily gain, whereas the US 10-year Treasury yields add two basis points near 4.0% mark at the latest. It’s worth noting that the US Dollar Index remains sidelined near 112.00 whilerecovers from a 12-day low marked the previous day, up 0.55% on the day near $84.15 as we write.
Elsewhere, headlines suggesting the Russian soldiers’ struggle in Ukraine and UK Chancellor Jeremy Hunt’s ability to ward off the recession woes seem to propel the market’s optimism of late. Moving on, the second-tier US data, mainly relating to housing, will join Fedspeak to direct short-term market moves. Also important will be the inflation numbers from the UK, Canada and Europe.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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