Rising Treasury Yields May Weigh On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 29 May 2024 11:01:27 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to initial weakness on Wall Street on Wednesday, with stocks likely to move mostly lower following the mixed performance seen in the previous session. A continued increase by treasury yields may weigh on Wall Street, as the yield on the benchmark ten-year note is seeing further upside after jumping above 4.5 percent to its highest levels in nearly a month on Tuesday. The advance by treasury yields is likely to add to recent concerns about the outlook for interest rates ahead of key inflation data later in the week. On Friday, the Commerce Department is due to release its report on personal income and spending in the month of April, which includes readings on inflation said to be preferred by the Federal Reserve. The inflation data could have a significant impact on the outlook for interest rates ahead of the Fed's next monetary policy meeting on June 11-12. In an interview with CNBC on Tuesday, Minneapolis Fed President Neel Kashkari sa... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( The Treasury Department is scheduled to announce the results of this month?s auction of $44 billion worth of seven-year notes at 1 pm ET. At 1:45 pm ET, New York Federal Reserve Preside... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Marathon Oil (MRO) are moving sharply higher in pre-market trading after the energy company agreed to be acquired by ConocoPhillips (COP) in an all-stock transaction value at $22.5 billion,... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks have moved mostly lower on Wednesday as higher bond yields and a surge in oil prices due to heightened tensions in the Middle East stoked concerns that interest rates will likely stay higher for longer. In economic news, consumer confidence in Germany is set to improve further in June on rising economic and income expectations amid slowing inflation and rising wages, results of a survey showed. [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended mostly lower on Wednesday as the dollar and U.S. bond yields ticked higher following hawkish Fed comments and disappointing two-year and five-year note auctions. Geopolitical tensions also weighed on the markets after the pro-Iranian Yemeni Houthi group attacked a Greek ship in the Red Sea. Chinese stocks fluctuated before ending on a firm note. The benchmark Shanghai Composite index finished marginally higher at 3,111.02 after the country's biggest cities ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.54 to $80.37 a barrel after surging $2.11 to $79.83 a barrel on Tuesday. Meanwhile, an oun... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49