It's a day of deep risk-on in markets, with stocks posting strong gains, bonds and gold plunging as Treasury yields climbed, after Treasury Secretary Janet Yellen injected confidence over the b
Risk aversion escalated on Wall Street Friday, with all major indices trading in the red, as investors remain skeptical about the stability of the banking sector in the wake of recent turmoil in the U.S. and Europe.
Cues From Friday's Trading:
The euphoria over Tuesday’s inflation numbers has apparently given way to skepticism, with index futures retreating sharply early Wednesday. Traders get to digest another set of key economic data points to make their conclusions about Fed’s potential March move.
Cues From Tuesday’s Trading:
The Federal Reserve will have to weigh cross currents when it considers the magnitude of its next rate hike, and an all important indicator is due this week.
After the market mayhem seen last week, some semblance of normalcy could return to Wall Street, thanks to the government’s move to assuage concerns in response to the banking crisis.
Trading in the U.S. index futures suggests stocks could extend their sell-off on Friday, although the jobs report due ahead of the market open could change the entire complexion depending on how the numbers shape up.
Cues From Thursday’s Trading:
Thursday's jobs data suggests the labor market might finally be starting to roll over, but attention is shifting to Friday's non-farm payrolls report, which Fed Chair Jerome Powell flagged this week as key to understanding the