Investors braced for a week in which inflation data will test wagers that the next move in interest rates will be down.
S&P 500 futures and Nasdaq futures were both off 0.1%, after jumping on Friday in the wake of Apple'sWhile the S&P 500 is up almost 8% for the year so far, all of that is due to just five mega stocks which have collectively risen by 29% so far this year and trade at a 49% premium to the rest of the index.
Futures imply a near 90% chance the Fed will keep rates steady at its next meeting in June, and a 75% probability of a cut in September.is widely expected to lift its rates by a quarter point on Thursday. , .one-year high "While it is premature to get too 'beared up' on the dollar until a clearer peak in U.S. rates is seen, the U.S. banking sector travails that have no easy/costless solutions, continue to make for a mildly bearish medium-term story," said Alan Ruskin, head of global FX strategy at Deutsche Bank.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biblical film His Only Son to pay back crowdfunding investors 120% following shocking box office successThanks to an impressive showing at the box office, the biblical film His Only Son has raised enough revenue to pay back its crowdfunding investors. 2,024 investors provided the film’s theatrical marketing budget of $1.2 million in a remarkable 100 hours.
Read more »
This dividend-paying fund may help protect investors during wild market swingsCapital Wealth Planning is recommending the Amplify CWP Enhanced Dividend Income ETF (DIVO) — which focuses on blue-chip companies.
Read more »
Gold Investors Turn to Gold IRAs Amid Economic UncertaintyIn times of economic turmoil, some investors have always made sure that some of their assets are in gold by turning to gold IRAs
Read more »
Investors Flock to Safety Plays, but Stock ‘FOMO’ LingersInvestors are shying away from risk, turning to defensive stocks and Treasurys, yet they appear equally worried about missing out on a potential stock-market rally.
Read more »
CNBC Daily Open: Investors like jobs growthA strong jobs reading, a note from JPMorgan and an optimistic earnings report from Apple buoyed U.S. markets Friday.
Read more »
Asia’s Elephant Crisis: A Staggering 64% Habitat Loss in Three CenturiesAsian elephant habitats across Asia have decreased by over 64% since 1700, equating to a loss of 3.3 million square kilometers. Researchers found that by 2015, less than half of the area within 100km of the current elephant range was deemed suitable, with countries like China and India seeing drasti
Read more »