|Day's Range||1.3500 - 1.4500|
Stocks closed lower on Tuesday afternoon after reports that the U.S. would not be rolling back tariffs on China until after the 2020 presidential elections. One expert is pessimistic that relations between the two countries will improve anytime soon.
(Bloomberg) -- Follow Bloomberg on Telegram for all the news and analysis you need.Safe-haven assets, U.S. equity futures and Asian stocks swung wildly Wednesday as tensions in the Middle East escalated, rattling global financial markets.Iran’s attack on American military bases in Iraq, a response to the killing of General Qassem Soleimani by American forces last week, injected new volatility into global assets that enjoyed a blockbuster 2019. S&P 500 futures dropped as much as 1.7% as fears of a protracted conflict increased, before paring the decline as Tehran said it wasn’t seeking a war, and President Donald Trump declared “all is well.”Here are some charts showing the moves:Oil and U.S. StocksWest Texas Intermediate crude futures initially jumped by as much as 4.4% while CME E-mini S&P 500 Index futures tumbled by more than 1%. The moves eased later as there were no signs of an immediate military response from Washington.Treasuries, Dollar/YenTen-year Treasury yields dropped more than 11 basis points to 1.70% before paring much of the loss, and the dollar swung against yen. Further conflict in the Middle East could send 10-year Treasury yields to as low as 1.6% in the short-to-medium term, said Kyle Rodda, analyst at IG Markets in Melbourne.GoldThe precious metal rose through $1,600 an ounce to the highest level since 2013 before retreating from its highs.VolatilityThe Nikkei Stock Average Volatility Index soared as much as 4 points and CBOE Volatility Index January futures advanced almost 3 points, as options traders scrambled to reprice future expectations for swings in stock markets. The moves retraced as investors stepped in to buy the dip in risk assets.(Updates throughout with rebound in risk assets.)\--With assistance from Ruth Carson.To contact the reporters on this story: Andreea Papuc in Sydney at firstname.lastname@example.org;Cormac Mullen in Tokyo at email@example.com;Adam Haigh in Sydney at firstname.lastname@example.orgTo contact the editors responsible for this story: Christopher Anstey at email@example.com, Joanna Ossinger, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
U.S. stocks extended last week’s gains Monday morning as ongoing optimism over trade deals helped push risk assets higher. The S&P 500 and Nasdaq each opened at fresh record highs.
Confidence is soaring among small business owners. But one group of small business owners is becoming more pessimistic about America’s economy — small business manufacturers.
Elevated net short positions in Cboe Volatility Index futures are reminiscent of a similar spike in 2017, when prolonged calm in U.S. stocks prompted a rush into short-volatility exchange-traded products. The index has risen past 14.
President Trump's latest comments on the trade war front should serve up a valuable lesson to investors.
Global markets traded almost unchanged on Tuesday morning. US indices have managed to pull through the corrective moods, and futures for the S&P500; index have returned to historical highs. Asian indices traded almost flat.
COT on commodities in week to November 5 showed how trade hopes and weather developments drove position changes from oil and natural gas to gold and coffee
“Good investors take advantage of exactly what’s happening right now… over other people’s anxiety," the wellness guru told Yahoo Finance.
Outspoken former White House Communications Director Anthony Scaramucci claims the president is 'unhinged' and in 'steady decline.'
President Trump’s latest Twitter escapade against the Fed calls for negative interest rates to jump-start the slowing economy. But the prospect of using a monetary tool usually reserved for deeply-troubled economies has many strategists on Wall Street seriously worried. Butcher Joseph Asset Management Chief Investment Strategist Nancy Tengler believes the practice of implementing negative interest rates is “seriously dangerous.” The “$16 trillion in negative yielding debt around the globe - I don't understand how you account for it as an investor,” Tengler said in an interview on Yahoo Finance’s The Final Round.