Nasdaq 100 futures rose and Treasury bond yields fell, signaling a rally for tech stocks after Thursday’s sell-off triggered by rising inflationary bets.
Contracts on the S&P 500 and the Dow Jones Industrial Average also rose after US stocks fell from a record high. The yield on the benchmark 10-year Treasury index fell 3 basis points to once again below 1.7%, a threshold it had not crossed since January 2020. Crude prices stabilized after a fall of 7%. % and the dollar went down.
A calmer tone is ending a volatile week in which Federal Reserve Chairman Jerome Powell stoked inflation fears by the message that you’re willing to boost the economy to help it recover from the fallout from Covid-19, and you’re not overly concerned about rising returns
“Economic recovery is on the way and we have central banks around the world very committed to flexible monetary policy,” said Jun Bei Liu, portfolio manager at Tribeca Investment Partners, who sees value stocks benefit. “The fundamentals of the stock market look very strong.”
Meanwhile, the Stoxx Europe 600 Index fell, led by energy stocks, while bond yields across the region fell. China’s CSI 300 stock indicator plummeted The cold talks between the United States and China soured the mood, while Japan’s Topix rebounded and the Nikkei 225 plunged after the Bank of Japan said it will focus purchases of exchange-traded funds on the previous indicator.
France announced a blocking areas like Paris to fight the pandemic, clouding Europe’s prospects amid uneven vaccine rollout, even as the European Central Bank noted that it continues monetary support.
The merchants were preparing to It quadrupled on Friday, a major expiration for options and futures contracts that can exacerbate swings in asset prices. Elsewhere, various European nations will start using AstraZeneca Plc’s Covid-19 vaccine again after Europe’s drug regulator declared it safe.
These are some of the movements in the markets at 8:18 am in London:
Stocks
- S&P 500 futures rose 0.1% after the benchmark closed 1.5%.
- Nasdaq 100 index futures were up 0.2%. The index fell 3.1%.
- The Stoxx Europe 600 Index fell 0.6%.
- The MSCI Asia Pacific Index fell 0.7%.
- The MSCI Emerging Markets Index fell 1.1%.
Currencies
- The Bloomberg Dollar Spot Index fell 0.2%.
- The euro gained 0.1% to $ 1.1932.
- The yen was at 108.68 to the dollar, up 0.2%.
- The British pound was up 0.1% at $ 1.3944.
Captivity
- The 10-year Treasury yield fell 3.5 basis points to 1.68%.
- Germany’s 10-year yield fell four basis points to -0.3%.
- The 10-year UK yield fell six basis points to 0.82%.
Raw Materials
- West Texas Intermediate crude changed little at 60.08% a barrel.
- Gold rose 0.4% to $ 1,742.71 an ounce.