S&P 500 Futures, yields stay pressured as traders await fresh clues ahead of PMIs – by anilpanchal7 SP500 Futures YieldCurve PMI ECB
Yields portray three-day downtrend, S&P 500 Futures differ from Wall Street.Market sentiment remains sluggish during early Friday, as traders take a breather after the-impressed volatility. The market’s latest inaction could also be linked to the lack of major data/events, as well as the market’s wait for flash readings of S&P Global PMIs for July for the key economies like the US, the UK, Germany and the Eurozone. picks up bids to refresh its intraday high around 106.80, up 0.
A slump in the US Treasury yields, due to the European Central Bank’s higher-than-expected 50 basis points rate hike, drowned the US dollar the previous day. On the same line was the announcement of a new tool called the Transmission Protection Instrument to tame disorderly market dynamics in the bloc.
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