Market participants were quite nervous waiting for the PCE PRICE INDEX report, the Federal Reserve’s favorite measure of inflation, to be released on Friday. The 10-year US benchmark bond yield fell 0.9 basis points to 4.251%.
Global stock markets weakened as the congregation trimmed gains in the early trading session on Tuesday (07/23/24), while US bond yields fell as the market awaited economic data and a plethora of corporate performance reports, dampening market sentiment regarding US President Joe Biden’s decision to end his re nomination.
Investors digested US President Joe Biden’s decision at the weekend to end his re-nomination, while a surprise interest rate cut by China’s central bank moved Asian markets.
Global stock indexes were mostly in the green on Monday (22/07/24) as investors digested US President Joe Biden’s decision at the weekend to end his re-nomination, while a surprise interest rate cut by China’s central bank moved Asian markets.
A WEEK OF SLUMP FOR THE TECHNOLOGY SECTOR dragged down the NASDAQ and S&P 500 in the worst week since April, while the Dow Jones, which set record after record last week thanks to sector rotation, posted a weekly gain.
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DOLLAR INDEX rose and is on track for its first weekly gain in 3 weeks, bouncing back on strong latest US economic data and concerns about recent tech disruptions.
World stock indexes fell on Friday trading (07/19/24) as global cyber disruptions have disrupted operations in various industries, while the US DOLLAR rose along with the US TREASURY YIELD.
Investors seem to have fully price-in all the good news, including the expectation that the Federal Reserve will cut interest rates in September and that a recession is likely to be avoided.
