Global Stock Markets
European stocks climbed while U.S. futures pointed toward a firmer
open as investors digested the implications of the latest personnel
changes in the Trump administration.
Bonds edged higher on bets the Federal Reserve won’t signal quicker interest-rate hikes next week.
The Stoxx Europe 600 Index advanced for the first time in three sessions, with insurance and technology companies the biggest winners.
The yen gained for a second day while the euro held steady.
French consumer prices were unchanged on the previous month in February.
Oil held steady as traders looked to rising U.S. consumption to offset new supply. Treasury yields held near February lows.
Traders continue to mull prospects for U.S. trade protectionism after incoming White House economic adviser Larry Kudlow signaled support for a strong dollar and took a tough line on China.
The lackluster retail sales data provided the last major economic indicator prior to the Federal Reserve’s policy decision next week.
While an increase in borrowing costs at the meeting is seen as a done deal, it remains an open question whether U.S. policy makers will lift their expectations for the pace of future increases.
Elsewhere, oil held near $61 a barrel as signs of stronger U.S. fuel consumption balanced OPEC forecasting for the first time that new supplies from its rivals will exceed demand growth this year.
Stocks
The Stoxx Europe 600 Index increased 0.4 percent as of 9:24 a.m. London time.
The MSCI All-Country World Index gained 0.1 percent.
Futures on the S&P 500 Index advanced 0.2 percent.
The U.K.’s FTSE 100 Index climbed 0.3 percent.
Currencies
The euro decreased 0.1 percent to $1.236.
The Japanese yen jumped 0.2 percent to 106.06 per dollar, the strongest in almost two weeks.
South Africa’s rand fell 0.2 percent to 11.7941 per dollar, the biggest fall in a week.
The British pound fell less than 0.05 percent to $1.3956, the largest fall in a week.
Bonds
The yield on 10-year Treasuries gained less than one basis point to 2.82 percent.
Germany’s 10-year yield advanced less than one basis point to 0.60 percent.
Britain’s 10-year yield climbed less than one basis point to 1.441 percent.
Bonds edged higher on bets the Federal Reserve won’t signal quicker interest-rate hikes next week.
The Stoxx Europe 600 Index advanced for the first time in three sessions, with insurance and technology companies the biggest winners.
The yen gained for a second day while the euro held steady.
French consumer prices were unchanged on the previous month in February.
Oil held steady as traders looked to rising U.S. consumption to offset new supply. Treasury yields held near February lows.
Traders continue to mull prospects for U.S. trade protectionism after incoming White House economic adviser Larry Kudlow signaled support for a strong dollar and took a tough line on China.
The lackluster retail sales data provided the last major economic indicator prior to the Federal Reserve’s policy decision next week.
While an increase in borrowing costs at the meeting is seen as a done deal, it remains an open question whether U.S. policy makers will lift their expectations for the pace of future increases.
Elsewhere, oil held near $61 a barrel as signs of stronger U.S. fuel consumption balanced OPEC forecasting for the first time that new supplies from its rivals will exceed demand growth this year.
Stocks
The Stoxx Europe 600 Index increased 0.4 percent as of 9:24 a.m. London time.
The MSCI All-Country World Index gained 0.1 percent.
Futures on the S&P 500 Index advanced 0.2 percent.
The U.K.’s FTSE 100 Index climbed 0.3 percent.
Currencies
The euro decreased 0.1 percent to $1.236.
The Japanese yen jumped 0.2 percent to 106.06 per dollar, the strongest in almost two weeks.
South Africa’s rand fell 0.2 percent to 11.7941 per dollar, the biggest fall in a week.
The British pound fell less than 0.05 percent to $1.3956, the largest fall in a week.
Bonds
The yield on 10-year Treasuries gained less than one basis point to 2.82 percent.
Germany’s 10-year yield advanced less than one basis point to 0.60 percent.
Britain’s 10-year yield climbed less than one basis point to 1.441 percent.
No comments:
Post a Comment