Premarket: Stocks push higher, U.S. dollar pauses as markets await Trump appointments

An index of global stocks rose 1% on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs, as traders awaited President-elect Donald Trump’s cabinet selection and sought to gauge the outlook for U.S. interest rates.

Markets have pared bets for a quarter-point interest-rate cut at the Federal Reserve’s next meeting in December to less than 59%, down from close to 62% a day earlier, according to CME FedWatch. Europe’s benchmark STOXX index rose 0.2% in early trading, following gains of 0.5% for Japan’s Nikkei and a 0.8% rise in Australia’s equity benchmark which took it to a record intraday high. Taiwanese shares advanced 1.3%.

U.S. Treasury yields extended overnight declines, with the two-year yield ticking down to 4.2655% and the 10-year yield edging down to 4.3844%. Safe-haven gold added 0.28% to $2,619 after jumping nearly 2% on Monday, its biggest one-day advance since mid-August, amid softness in the dollar and heightened concerns about the Russia-Ukraine conflict.

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: Stocks rise, Treasuries under pressure as Trump impact weighedU.S. futures point higher after all three major Wall Street indexes surged to all-time peaks
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Stocks slip, bitcoin nears US$90,000 as ‘Trump trade’ whipsaws marketsTraders pile into assets they believe could benefit from the new administration
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Tepid start to week for world stocks, but gold, bitcoin shineTrump trades continue to gain momentum
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Stocks slide, yields up on ‘higher for longer’ rates viewInvestors sell Japan ahead of domestic election
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Gold glitters as U.S. election nerves grow, strong greenback dents stocks‘Trump trade’ dominates sentiment
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Stocks slip on U.S. election anxiety; gold and bitcoin rallyInvestors also prepare for economic data south of the border
Source: globebusiness - 🏆 31. / 66 Read more »