News Formal

Premarket: Stocks, bonds steady after rate angst selloff

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 41 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 92%

Newsletter News

Marketupdate,Tsx,Stocks

The latest slowdown in the global risk rally has come on the back of data pointing to lingering inflationary pressures and a flood of bond sales lifting yields

European stocks steadied on Thursday as bonds regained some ground after a selloff the day before on bets that global interest rates would stay higher for longer due to stickier inflation readings.

Data on Wednesday showed German inflation rose slightly more than forecast to 2.8 per cent in May, ahead of the closely watched wider euro zone bloc’s reading on Friday. The main highlight of the week for markets, however, is Friday’s U.S. core personal consumption expenditures price index report - the Fed’s preferred measure of inflation. Expectations are for it to hold steady on a monthly basis.

U.S. Treasury yields dipped on Thursday having risen more than eight bps the day before, in part due to a weak debt auction. The benchmark 10-year yield was last at 4.5898 per cent, while the two-year yield stood at 4.9601 per cent. The dollar index, which measures the currency against six others including the euro and yen, was down 0.1 per cent, after a 0.5 per cent jump the day before.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Premarket: Global stocks sluggish after Fed signals no quick rate cutsU.S. futures up ahead of Apple results; yen backtracks after another suspected intervention
Source: globebusiness - 🏆 31. / 66 Read more »

Premarket: Global stocks and Japanese yen steady ahead of U.S. payrollsCrude benchmarks headed for steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks boosted by U.S. rate relief confidenceShares traded near one-month highs while U.S. futures pointed to a steady start
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: European stocks rise, U.S. dollar climbs as Fed rate path ponderedU.S. futures flat while oil prices were mired near two-month lows
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks stall near record highsU.S. futures eased, dragged lower by Uber
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks see boost from rate-cut feverSteady U.S. dollar helps lift commodities
Source: globeandmail - 🏆 5. / 92 Read more »