S&P500 Futures dribble after confirming bull market, Treasury yields grind higher as Fed hawks retreat

While portraying the mood, the S&P500 Futures print mild losses around the highest levels since August 2022, marked the previous day. That said, the benchmark Wall Street index confirmed bull markets on Thursday, by rising around 20.0% from the lows marked in October.

It’s worth noting that the market’s fears of recession take clues from the latest easing in China inflation and softer economics from Australia, Europe and the US. Also underpinning the pessimism are the hawkish central banks which remain ready to fuel the benchmark. It should be observed, however, that the receding hawkish bets on the US Federal Reserve seemed to have favored the equities and bond buyers the previous day.

Earlier in the day, China’s headline inflation gauges for May, namely the Consumer Price Index and Producer, flashed mixed signals as the CPI drops on MoM but improves on YoY whereas the PPI marks a slump during the stated month.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Treasury’s $1 Trillion Debt Deluge Threatens Market CalmThe U.S. government could face borrowing at rates near 6%, up from 0.1% less than two years ago.
Source: WSJ - 🏆 98. / 63 Read more »