|Day's Range||2.0430 - 2.0780|
|52 Week Range||1.9430 - 3.2480|
Gold futures settle modestly higher on Thursday to notch a fresh six-year high, prompted by a cocktail of lower debt yields, a pause in dollar strength and bullish comments from a prominent hedge-fund investor.
The bond rally can’t last forever, can it? If it doesn’t, here’s the sector to sell, according to Credit Suisse.
Bob Michele of JPMorgan says the 10-year Treasury yield will fall as the Federal Reserve joins other central banks’s easier monetary policy stances.
Financial conditions indexes don’t give any advance warning that a recession is coming, so why do Fed officials put so much stock in them? asks Caroline Baum.
U.S. Treasury yields fall slightly early Thursday following tepid data from Japan, underlining the economic contagion from global trade tensions.
U.S. stocks fell on Wednesday and closed near their session lows after the Wall Street Journal reported that progress on a trade deal with China are stalled over restrictions on Huawei, citing people familiar with the talks.
The AUD/USD is likely to continue to key off the U.S. economic data over the near-term unless there is a big miss to the downside in the Employment Change report, or the Unemployment Rate surprisingly ticks higher.
U.S. and U.K. bond prices rose Wednesday, pushing yields lower, after weaker-than-expected U.S. housing starts data and speculation that Britain could crash out of the EU without a trade deal unnerved investors.
Gold futures finish higher Wednesday, sending prices to a fresh six-year high as the U.S. dollar weakened and traders weigh expectations for a U.S. interest-rate cut.
Bank of America Corp (NYSE: BAC) and several other banking firms highlight the earnings picture this morning, while anticipation builds ahead of Netflix Inc. (NASDAQ: NFLX) results after the close. Also, there seems to be some risk aversion creeping back into the picture after President Trump’s comments about the China trade situation yesterday (see more below). This morning, BAC became the latest big bank to surpass Wall Street’s earnings estimates as interest income rose, but shares edged lower in pre-market trading.
Construction on new houses fell slightly in June and permits posted an even sharper decline, suggesting the housing market has failed to gain much momentum from lower mortgage rates. Housing starts slipped 0.9% to an annual pace of 1.25 million. Permits dropped 6.1%.
As the Federal Reserve gets set to cut interest rates, one question that keeps popping up is why the central bank feels a need to act, given the underpinning of a strong domestic jobs market.
Greece is borrowing about €2.5 billion euros in the international debt markets this week by selling seven-year bonds at a yield of 1.9%, according to Bloomberg report. The bonds sale comes on the heels of an election that installed a new government led by Prime Minister Kyriakos Mitsotakis, sparking hope that Greece can finally turn the page on a decade of debt woes. “Some have argued that the Greek yield is a result of better economic conditions in Greece,” Mark Grant, chief global strategist at B. Riley FBR Inc. wrote on Tuesday in a note to clients.
Treasury yields jump Tuesday after update on consumer spending shows the economic health of U.S. households remains in good shape.
The cost of imported goods fell in June by the steepest amount in six months, reflecting lower oil prices and a weaker global economy wracked by U.S.-China trade tensions.
Sales at U.S. retailers rose solidly in June for the fourth month in a row, pointing to a strong rebound in consumer spending in the second quarter that suggests the economy is not as fragile as the Federal Reserve apparently believes.
MarketWatch’s call of the day comes from the Leuthold Group, a Minneapolis investment research firm, which tracks the correlation between weekly percentage changes in the S&P 500 and the 10-year Treasury yield.
Shares of General Electric Co. dropped Monday, after UBS backed away from its bullish stance, citing significant outperformance in the face of continued power market weakness and a significant decline in interest rates.
Treasury yields fell on Monday as Chinese growth fell to its slowest pace since 1992, even as other accompanying data pointed to signs of stabilization.
Economists at UBS still anticipate a half-point cut from the Fed at the upcoming Federal Open Market Committee meeting due to end July 31, even with good economic data.
U.S. equity futures are pointing to a flat open on Wall Street Monday as investors both prep for a key set of data releases that will gauge the strength of the consumer economy and brace for the start of the second quarter earnings season.
Yahoo Finance's Brian Sozzi and Alexis Christoforous sit down with Keith Bliss from Cuttone & Co. and Barry Knapp of Ironsides Economics around Tuesday's opening bell. The panel discusses bank earnings, manufacturing growth, and more.
Yahoo Finance Editor-in-Chief Andy Serwer joins the Final Round to discuss his take on the Federal Reserve and the monetary policy for the remainder of the year.
Yahoo Finance's Dan Roberts, Melody Hahm, and Myles Udland discuss what to expect from earnings season, the Fed, and more with Global X CIO Jon Maier.