Stocks set for weekly drop as rates reality bites

S&P 500 futures were flat while FTSE futures and EuroSTOXX 50 futures each rose about 0.8% as traders looked for markets in London and Europe to catch up with a modest Thursday bounce on Wall Street.A late rally had lifted U.S. indexes a little, but they are also all down for the week led by a 2.5% loss for the yield-sensitive NasdaqFederal Reserve minutes this week have confirmed policymakers are ready to hike quickly to curb inflation.

Rabobank researchers reckon demand falling away leaves equity markets akin to Wile E. Coyote: "Running in the air for several moments before plummeting off a cliff edge."In France, a victory for far-right leader Marine Le Pen over incumbent Emmanuel Macron, while still unlikely, is now within the margins of error, opinion polls show and the euro edged down to a one-month low of $1.0855 in the Asia session.

The benchmark 10-year Treasury yield is up 26 basis points to 2.6528% this week, and was steady in Asia trade on Friday. The 30-year yield is up 23 bps.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

S&P 500 tumbles under 4,500 as hawkish Fed triggered yield rally pressures large cap tech stocksMajor US equity indices slumped on Wednesday in the hours prior to the release of the minutes of the Fed’s March meeting, with large-cap tech stocks l
Source: FXStreetNews - 🏆 14. / 72 Read more »

Tech stocks lead indexes lower on Wall Street; eyes on FedStocks fell in morning trading on Wall Street Wednesday and bond yields rose as investors try to estimate how quickly the Federal Reserve will raise interest rates and take other steps to fight inflation
Source: ABC - 🏆 471. / 51 Read more »

Forex Today: Stocks Lower on Hawkish Fed Member BrainerdFOMC Member Brainerd Says Fed to Speed Balance Sheet Shrinking; RBA Signals June Rate Hike; Stocks, Bonds Mostly Lower
Source: Daily_Forex - 🏆 567. / 51 Read more »

Stocks trade at or near session lows as investors weigh Fed balance-sheet plansStocks fell back to or near session lows after briefly trimming losses following the release of minutes from the Federal Reserve's March policy meeting...
Source: MarketWatch - 🏆 3. / 97 Read more »

Nasdaq sinks more than 2% as stocks end lower after Fed minutesStocks ended lower but off their worst levels, with the tech-heavy Nasdaq Composite bearing the brunt of selling pressure for a second session Wednesday. The Dow Jones Industrial Average ended with a loss of around 145 points, or 0.4%, near 34,497.
Source: MarketWatch - 🏆 3. / 97 Read more »