Stocks advance with banks as U.S. futures drift - BNN Bloomberg

Banks and commodity stocks led gains in European equities. Contracts on the S&P 500 were little changed, while those on the Nasdaq 100 fell. First Republic Bank climbed in premarket trading, set to extend Monday's 12 per cent advance. Asian shares also rose, with financial firms among the best performers as traders caught up with gains on Wall Street

The US 2-year Treasury yield rose further after surging above 4 per cent on Monday. A gauge of dollar strength fell for a second day. Hugh Gimber, global market strategist at JPMorgan Asset Management, also doesn't foresee rate cuts anytime soon, even if hikes pause, and cautions against stock-market optimism on it.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

​Investment opportunities in cannabis stocks: Three hot picks from Matt Bottomley - BNN BloombergCannabis stocks have been under pressure for the last two years and many companies have hit all-time lows, but one analyst believes there could be a turnaround story for the sector. $Hiti is executing better than most US MSOs
Source: BNNBloomberg - 🏆 83. / 50 Read more »

The Week Ahead: Federal Budget; earnings from Dollarama - BNN BloombergA look at what investors will be watching in the upcoming week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »