Premarket: Stocks, yields rise as traders balance China, oil supply

European stocks edged higher on Monday after a rout last week while government bond yields renewed their rise as oil prices firmed even as China delivered smaller rate cuts than investors expected.

“There is still some expectation that Chinese authorities will step in with a more generous boost, but it appears the weakness of the yen appears to be stemming more immediate action,” Streeter added. In early trading, London’s FTSE index was up 0.7 per cent, Germany’s DAX advanced 0.8 per cent and France’s CAC 40 rose 1.2 per cent.Oil prices edged higher on Monday after snapping a seven-week winning streak last week on concerns about Chinese demand. Brent was last up 36 cents at $85.16 a barrel, while U.S. crude was 41 cents higher to $81.66 per barrel.

The key event for the week is the U.S. Federal Reserve’s Jackson Hole conference, where markets assume chair Jerome Powell will note the jump in yields and the recent run of strong economic data. The Atlanta Fed’s GDP Now tracker is running at a heady 5.8 per cent for this quarter. A majority of polled analysts think the Fed is done hiking, while traders are betting on just under a 40-per-cent chance of a final Fed hike by November.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European Stocks Rise as Traders Mull Rates Outlook, China RisksEuropean stocks edged higher, but remained near a six-week low, as investors weighed mixed policy signals from China ahead of a speech by Federal Reserve Chair Jerome Powell later in the week.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

China Stocks Extend Slump as Banks Hold Mortgage-Linked RateChinese stocks extended losses as mainland banks surprisingly kept a key interest rate that’s linked to mortgages on hold, in a move that sent mixed messages on the country’s commitment to support the embattled property sector.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Bruised Stocks Face Week Full of Tests, From Nvidia to PowellEquity traders reeling from the market’s worst stretch since February face some pivotal events in the days ahead, and a closely watched speech by Federal Reserve Chair Jerome Powell may not even be the biggest test of all.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Trending Stocks Today - Yahoo FinanceSee the list of trending stocks today, including share price change and percentage, trading volume, intraday highs and lows, and day charts.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Crypto Startup Aims to Tokenize Stocks by Playing by the RulesFor years, cryptocurrency startups have tried to replicate parts of the US stock market on the blockchain for use by digital-asset investors around the world, often without worrying too much about getting approval from regulators first.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »