Stocks slip as Treasuries graze 5%, Middle East war rages

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 78%

United States News News

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

Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

LONDON, Oct 19 - Stocks tumbled on Thursday, under pressure from investor caution over the Middle East conflict and from the largest one-week rise in 10-year Treasury yields in 18 months, ahead of remarks by Federal Reserve Chair Jerome Powell and a heavy earnings day.

Adding to the moving parts is the third-quarter earnings season. Thursday brings a raft of major company results, including TSMC , the world's most advanced chip maker, as well as Philip Morris , Blackstone and Fifth Third Bancorp . "We'll see how this geopolitical situation evolves. The risk premium is clearly playing more out in gold, for instance, and in the U.S. dollar, than in bond yields - that is not the main driver of the day. It's very much supply and demand and 'higher for longer'," he said.

A Reuters poll of economists showed the Fed will keep interest rates unchanged when it meets on Nov. 1, and a growing number see no cut in rates until the second half of 2024. U.S. President Joe Biden pledged to help Israel and the Palestinians during a lightning visit on Wednesday.

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:

 /  🏆 13. in US
 

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

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.

Premarket: World stocks slip as Treasuries graze 5%, Middle East war ragesTraders await midday comments from Federal Reserve chair Jerome Powell
Source: globeandmail - 🏆 5. / 92 Read more »

Asia Stocks Eye Gains; Treasuries Sink on Fed Bets: Markets WrapAsian stocks are set for mild gains after US equities struggled and Treasuries slumped following data reinforcing the case for the Federal Reserve to keep interest rates higher for longer. Oil climbed as the Israel-Hamas conflict intensified.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks Eye Gains; Treasuries Sink on Fed Bets: Markets Wrap(Bloomberg) -- Asian stocks are set for mild gains after US equities struggled and Treasuries slumped following data reinforcing the case for the Federal...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »