Stocks are based on the technological impetus of EE. UU; Treasuries Dip: Markets Wrap



Stocks extended gains on Thursday amid growing confidence in the history of global expansion, and while US technology stocks UU They maintained their stellar momentum. Treasury bonds registered recent losses, with 10-year yields creeping to 3 percent.

The Stoxx Europe 600 index advanced, with all sectors minus two rising. US stock futures UU They were aiming for a higher opening, while stocks advanced from Tokyo to Sydney after the Nasdaq Composite Index reached another record. The euro rose for the fourth consecutive day amid talks about the end of the quantitative easing program of the European Central Bank, even after the data showed that German factory orders fell unexpectedly . The dollar slipped, while the Turkish lira fluctuated before a decision on the rate.

After stagnant weeks, stocks look promising again. The narrative of global expansion remains intact, Treasury bond yields remain below the 3 percent psychological barrier, and US tech stocks – the drivers of previous rallies – have been marking successive records. Even so, investors will be watching the G-7 meeting this week to get clues about world trade, as well as this month's meetings of both the Federal Reserve and the European Central Bank to measure the path of interest rates.

David Stockman, former Director of the WBO under President Ronald Reagan, discusses his perspective for the actions of the United States.

Source: Bloomberg

Meanwhile, splits in emerging market badets continue to emerge. Brazil's real continued to fall on Wednesday. Allianz SE's chief economic advisor, Mohamed El-Erian, warned that the nation could be the next domino in the emerging market to fall after Turkey and Argentina.

On the other hand, the losses were maintained after a report by the US government showed a surprising increase in the national reserves of crude oil.

Users of the terminal can follow the decision of the Turkish rate with our blog TOPLive.

Here are some key events to watch this week:

  • On Thursday, Japanese Prime Minister Shinzo Abe meets with US President Trump at the White House to discuss the planned US summit with North Korea's Kim Jong Un.
  • Also on Thursday, the GDP of the euro zone.
  • A Turkish rate decision expires on Thursday.
  • The G-7 Leaders Summit begins in Quebec on Friday to June 9.

These are the main movements in the markets:

Shares

  • The Stoxx Europe 600 Index gained 0.3 percent at 8:13 a.m. London time
  • Futures of the S & P 500 index rose 0.2 percent.
  • The FTSE 100 index of the United Kingdom remained unchanged.
  • The German DAX index rose 0.4 percent.
  • The MSCI Emerging Market index rose 0.4 percent to its highest level in more than three weeks.
  • The Asia Pacific index rose 0.6 percent to its highest level in more than three weeks.

Cu rrecies

  • The Bloomberg Dollar Spot Index dropped 0.2 percent to its lowest level in two weeks.
  • The euro advanced 0.4 percent to $ 1.1818, the strongest in more than three weeks.
  • The British pound gained 0.2 percent to $ 1.3445 the strongest in almost three weeks.
  • The Japanese yen gained 0.2 percent to 110.01 per dollar, the biggest gain in more than a week.
  • The Turkish lira sank 0.4 percent to 4.5746 per dollar.

Bonds [19659017] The yield on 10-year Treasuries rose one basis point to 2.98 percent, the highest in more than two weeks.
  • Germany's 10-year yield gained four basis points to 0.50 percent, the highest in more than two weeks. [19659012] Britain's 10-year yield rose three basis points to 1,374 percent, the highest in more than two weeks.
  • Italy's 10-year yield fell seven basis points to 2,872 percent.
  • Raw materials

    • Intermediate oil increased from West Texas 0.4 percent to $ 65.00 per barrel. [19659012] Gold rose 0.1 percent to $ 1,297.99 an ounce, the highest in a week.

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