U.S. stocks, commodities drop; U.S. Treasury yields surge - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

U.S. stocks fell in a volatile session exacerbated by sharp moves in the U.K. currency and bond markets, as hawkish central banks across the globe continued to subdue sentiment.

US stocks fell in a volatile session exacerbated by sharp moves in the UK currency and bond markets, as hawkish central banks across the globe continued to subdue sentiment.

Markets were on the edge after a selloff of risk assets deepened last week as the UK’s plan to lift its economy fueled fears that heightened inflation would push rates higher and ignite a global recession. UK markets were in focus on Monday as the pound remained volatile after crashing to an all-time low, with the Bank of England’s comments doing little to reassure traders that were waiting for a broader policy response to the fallout from the goverment’s massive tax cuts.

US markets will continue to remain challenged by uncertainty until companies start to report their third-quarter earnings next month, which will provide greater detail on the health of corporate revenues and profit, wrote John Stoltzfus, chief investment strategist at Oppenheimer. Any company or industry that needs lower rates could be in trouble, FBB’s Bailey says.

Trading this week will be punctuated by a number of economic reports including US initial jobless claims and gross-domestic-product data, along with PMI figures from China. Choppiness in price moves is likely with a steady stream of Federal Reserve officials speaking through the week.The plunge in UK gilts sent 10-year yields above 4 per cent for the first time since 2010.

 

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

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines

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

Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash out\u0027This could turn into a really big problem\u0027
Source: calgaryherald - 🏆 64. / 52 Read more »

Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outCanada's main stock index posted its biggest drop in more than three months last Friday as oil prices fell
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outMillions of Canadians are losing confidence in the stock market and plan to cash out stocks stockmarket Better to ride out the recession (if it happens) in solid stocks. But voters need to push Govts for policies aimed at a future prosperous ecologically sound sustainable economy, with a more modern financial system to help make that happen. Canada example recovery economy It’s the media and liberal government we don’t have faith in. In turn they ruin everything they are near. Perfect, irrational fear presents buying opportunity.
Source: financialpost - 🏆 7. / 85 Read more »

Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash out\u0027This could turn into a really big problem\u0027
Source: financialpost - 🏆 7. / 85 Read more »