News Formal

Premarket: Stocks rise, Treasuries under pressure as Trump impact weighed

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 43 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 92%

Newsletter News

Marketupdate,Tsx,Stocks

U.S. futures point higher after all three major Wall Street indexes surged to all-time peaks

World stocks gained on Thursday after a record rise for U.S. shares overnight, and U.S. Treasuries remained under pressure as investors processed a second Donald Trump presidency, ahead of policy decisions from the Fed and other major central banks.

Stocks are “rewarding the presumed likelihood of corporate tax cuts and perceiving a general penchant toward deregulation across industries as positive for earnings,” said Naomi Fink, chief global strategist at Nikko Asset Management. The benchmark 10 year yield was last 4.42%, flat on the day, after a 13 basis point rise Wednesday, and the 30-year yield was last 4.61%, a touch higher after the previous day’s 15 bp jump.

The day’s main scheduled macro economic event is the Federal Reserve meeting later in the day. Markets were still confident of a 25 basis-point cut on Thursday, but slightly reduced bets on further easing in December. Bitcoin caught its breath on Thursday, easing 1.3% to $74,990, following its vault to a record high $76,499.99 overnight. Trump had vowed to make the United States “the crypto capital of the planet”.

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 ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Premarket: Traders await U.S. inflation test, China revives stocks rallyU.S. futures sit lower ahead of key economic release
Source: globebusiness - 🏆 31. / 66 Read more »

Premarket: Stocks trade sideways awaiting China stimulus movesInvestors hope to receive clarity on Saturday
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: European stocks steady after Wall Street record, oil prices slumpChina stocks tumble on government borrowing report
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Global stocks slide in reality check from big cap earningsGreenback gains as investors banked on a more moderate decline in U.S. interest rates
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: U.S. futures rise as chip stocks rally after TSMC results; economic data in focusEuropean stocks gain, euro weak ahead of ECB, ‘Trump trade’ lifts U.S. dollar
Source: globeandmail - 🏆 5. / 92 Read more »