Equities finished relatively unchanged overnight, taking a breather from a weeklong rally not seen in 12 months
Equities wrapped up the week with its biggest weekly gain this year as a weaker-than-expected jobs report stoked hopes that Federal Reserve rate hikes are now in the rearview mirror, pushing Treasury yields sharply lower.
Stocks were in a rally mode Thursday, buoyed by a slump in Treasury yields on bets that the Federal Reserve is done raising interest rates after holding its benchmark rate steady for the second meeting in a row.
Equities ended higher overnight following a slump in Treasury yields after the Federal Reserve kept rates steady for second-straight meeting.
Investors shrugged off PPI (Producer Price Index) data pointing to an uptick in the pace of inflation as equities gained ahead of the key CPI
Wall Street closed lower on Friday after a report of slowing U.S. labour market growth, and all three major indexes posted weekly losses as investors braced for more possible downside surprises a day after disappointing earnings from Apple
Equities remained heavy overnight despite Apple and Amazon beating analysts expectations as long-term yields test levels not seen in 16 years, ahead of tonight’s US employment numbers
Investors appear to be giving up hope on promises of Chinese stimulus
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