Posts Tagged ‘bonds’
Turkey posts budget surplus in November
US stocks closed mixed on Monday as New York and parts of Europe tightened COVID-19 restrictions even as a vaccine rolled out in the US. The DOW retreated from an intraday high to close 0.62% lower while the S&P shed 0.44%; the NASDAQ gained 0.50% however. Yield on 10Y USTs closed about flat at 0.8931%.…
Read MoreGhana Likely to Look to the Capital Markets In 2021
S&P 500 futures ticked higher after the benchmark closed at an all-time high gaining 0.3% on Thursday, boosted by positive vaccine news and seeming progress on U.S. stimulus talks. The Dow Jones Industrial Average and the Nasdaq Composite also rose 0.35% & 0.5% respectively. U.S policy makers have continued to negotiate over additional stimulus to…
Read MoreSouth Africa GDP rebounds in Q3
The NASDAQ inked yet another record on Monday albeit in a depressed session for stocks amid continued delays in the next US stimulus package and increasing COVID-19 cases. The NASDAQ rose 0.45%, marking the sole gains of the day, while the DOW and the S&P shed 0.49% and 0.19% respectively. Yield on 10Y USTs fell…
Read MoreEventful week with OPEC meeting and Non-Farm payrolls
We start this eventful post US holiday week with a Cyber Monday and futures pointing sightly down. It is a big week for US data with November jobs report on Friday and a testimony of Jerome Powell and Steven Munchin on Cares Act on Tuesday. The significant news is on OPEC not reaching an agreement…
Read MoreInvestors Overlook Ivory Coast’s Political Upheaval to Chase Higher Yields
Futures in New York climbed 1.4% after closing at an eight-month high. Overnight, we witnessed the Dow Jones Industrial Average rose 1.4% to close above 30,000 for the first time, while the S&P 500 gained 1.6%, to close at 3,635.41, also a record high with Nasdaq Composite adding 1.3%. Positive vaccine news as well as…
Read MoreBiden’s lead is widening, NFP numbers on the horizon
While the election saga continued in the US and Trump’s chances of winning keep decreasing with more votes being counted, the markets sustained its positive sentiment on the day, pricing out the uncertainty of the next president and welcoming the democratic lead, although risk assets gave up some of their daily gains after US investors…
Read MoreThe main event for today is ECB meeting
US equities showed the biggest decline since June as the increasing number of coronavirus cases spooked investors – S&P dropped by 3.5%, Nasdaq fell 3.7%. The yield on 10Y USTs added 0.4 bps and closed at 0.773% lvl. Lack of new stimulus deal agreement also hit the market as the uncertainty is on its highest…
Read MoreBDDK moves to slow lending as Turkish Lira rout continues
US stocks closed sharply lower on Monday amid a continued resurgence of coronavirus case in the US and Europe. The DOW led the slide, down 2.29% while the S&P and the NASDAQ shed 1.84% and 1.65% respectively. Yield on 10Y USTs closed 4bps lower at 0.8010%. German business sentiment fell in October according to Monday’s…
Read MoreChinese export data boost Asian markets.
US stocks continued their winning streak on Monday with tech stocks leading the surge. Apple rose 6.35% while Microsoft was up 2.59% pushing the NASDAQ to a sharp 2.55% gain. The S&P and the DOW rose 1.64% and 0.87% respectively. Bond markets were closed for a holiday. British unemployment for the 3 months to August…
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