|Day's Range||2.0820 - 2.0960|
|52 Week Range||2.0290 - 3.2480|
Stock futures hovered near the flatline and Treasury yields rose as investors awaited the Federal Reserve’s latest monetary policy decision.
Schwab Chief Investment Strategist Liz Ann Sonders says you can see some “micro bubbles” in some areas, but it’s not systemic, while New Market Wealth Management CEO Daryl Deke says diversifying is the best way to ride out market volatility. They spoke with Yahoo Finance’s Alexis Christoforous and Brian Sozzi
Investors are eagerly looking to this week’s two-day Federal Reserve meeting for clarity on whether or when U.S. benchmark interest rates will be cut for the first time in a decade. “Clearly trade is the number one issue, given tensions with China,” Dec Mullarkey, managing director of investment strategy at SLC Management, told MarketWatch.
U.S. stock benchmarks on Tuesday were enjoying a nearly unfettered run-up toward records on the back of hope that central banks will ease monetary policy.
The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from Bank of America Merrill Lynch.
Treasury yields edge higher on Wednesday as investors await the policy statement from the Federal Reserve’s two-day meeting, where it is expected to leave interest rates steady.
Gold prices slip from Tuesday close at their highest in 14 months after comments made by European Central Bank President Mario Draghi were seen as setting the stage for lower interest rates.
The Federal Reserve walks a tightrope as the bond market cranks up the pressure on monetary-policy makers to ease benchmark borrowing costs.
DEEP DIVE Dividend stocks, which have performed well this year, may get another boost if the Federal Reserve cuts interest rates. With lower rates, income-seeking investors could use dividend stocks more than ever, and growth investors may also be interested because declining low interest rates prop up prices of higher-yielding stocks.
Clamoring for a rate cut by the Federal Reserve at some point this year is running high, but the Fed may not comply.
President Donald Trump, asked by reporters Tuesday if he still wants to demote Federal Reserve Chairman Jerome Powell, replied: "Let's see what he does." Trump said he was not getting a "level playing field" with other countries, noting that the European Central Bank has a "much different stance" than the Fed. The questions were prompted by a Bloomberg News report that the White House counsel explored the legality of stripping Powell of his chairmanship and leaving him on the board as a governor.
U.S. Treasury yields fall sharply Tuesday after European Central Bank President Mario Draghi says additional monetary policy stimulus could be needed, including interest rate cuts and asset purchases
The Dow and S&P 500 on Tuesday finish at their highest levels in about six weeks ahead of a key Federal Reserve decision, as President Donald Trump tweeted that he had a productive conversation with Chinese counterpart Xi Jinping.
Gold prices climb on Tuesday to settle at their highest in 14 months, buoyed by expectations of interest-rate cuts among global central banks.
Builders broke ground on fewer homes but applied for more permits for future work, another month of muddled signals about the health of the housing market.
The White House explored the legality of demoting Fed Chairman Jerome Powell in February, according to a report by Bloomberg Television. Citing people familiar with the matter, the report said the White House general counsel's office weighed the legality of stripping Powell of his chairmanship of the central bank, and leaving him as just a Fed governor. The review came after President Donald Trump spoke of firing Powell, the report said. Bloomberg said it didn't know the result of the administration's review.
The Federal Reserve won’t be swayed into cutting interest-rate cut Wednesday after ECB president Mario Draghi’s signaled possible easing, economists said.
U.S. stocks on Tuesday climbed, extending Monday's gains, as investors awaited the start of the Federal Reserve's two-day policy meeting, set to kick off later Tuesday morning. Comments by European Central Bank President Mario Draghi about his view that rate cuts may be necessary if the economic climate in Europe worsens and if inflation fails to rise closer to the ECB's annual target at or near 2%. The Dow Jones Industrial Average rose 266 points, or 1%, at 26,368, the S&P 500 index climbed 0.9% to 2,915, while the Nasdaq Composite Index jumped 1.3% at 7,943. Draghi said ECB policy makers would consider "in the coming weeks" how to adapt their policy tools "commensurate to the severity of the risk" to the economic outlook, which was taken as an indication that the central bank might consider further easing measures. Draghi's comments sent the euro falling against the dollar and sent global debt yields tumbling, with the 10-year Treasury note falling to its lowest in about 21 months at 2.03%. In economic news, a report on housing starts, a measure of home-building in the U.S., fell 0.9% in May from the prior month to a seasonally adjusted annual rate of 1.269 million, the Commerce Department. In corporate news, investors were focused on shares of Facebook Inc. after the social-media giant announced plans to roll out a cryptocurrency called Libra coin.
In lieu of a big stock-market selloff on global economic growth slowdown and trade jitters, the market seems to still be expecting the “Art of the Deal” from Donald Trump on China and/or the Federal Reserve cutting interest rates 0.75 percentage points this year — which ever comes first. During that time, however, trade wars and tariff threats have escalated, tankers have been torpedoed, and safe-haven plays of Treasurys (BX:TMUBMUSD10Y) gold (GC00) and the U.S. dollar (DXY) have been strongly bid. Big picture: Market participants want to believe this is 1995 — when the Fed cut rates the same day in July as the stock market set a record.
There have been arguments that traders have now pre-positioned portfolios, and happy to drift into the menagerie of central bank speakers this week.
Global markets convulsed on Tuesday, boosted by signals that the European Central Bank is prepared to cut interest rates and by hopes of a meeting between Donald Trump and Xi Jinping aimed at resolving an impasse over trade. from Mario Draghi indicating the ECB is preparing fresh stimulus fired up the region’s stocks and European government bonds. The stock market rally was further boosted in the US after Mr Trump wrote on Twitter that he was to meet his Chinese counterpart Xi Jinping at a G20 summit next week, raising hopes for an end to the Sino-American trade war.
Investors are counting on the Federal Reserve to cut benchmark rates to keep the U.S. economy humming. But if the past holds true, corporate bonds are likely to see only a modest reaction if rates are lowered pre-emptively, Goldman Sachs said in a new report.
Treasury yields are mixed on Monday ahead of meetings this week for the Federal Reserve, the European Central Bank and the Bank of Japan