Market sentiment remains mildly bid as traders expect major central banks to end rate hike trajectory soon.
Earnings from Meta, Alphabet allow Wall Street to remain optimistic, S&P500 Futures follow the orders without fresh news.risk appetite While portraying the mood, S&P500 Futures picks up bids to reverse the previous day’s pullback from a 16-month high, mildly bid near 4,604 by the press time of early Thursday in Asia. That said, the US 10-year and two-year Treasury bonds declined the previous day after the Fed’s announcements but have been steady afterward. With this, the benchmark 10-year bond coupon seesaws near 3.87% while the two-year counterpart makes rounds to 4.86% by the press time.
On Wednesday, the US Federal Reserve announced the widely anticipated interest rate hike toward the multi-year high in the range of 5.25%-5.50%. Following the rate decision, Fed Chairman Jerome Powell tried to lure the hawks by showing readiness for a September rate hike as he said, that the June inflationwas welcomed but “was only one month's report.” It should be noted that the rejection of recession fears was also an effort to please the US Dollar buyers but failed.
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Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »