Stocks, Bonds Rally, while USD Declines

30 March, 2016

Stocks, Bonds Rally, while USD Declines

Asian stocks surged on Wednesday, as markets lowered expectations regarding the pace of interest rate hikes this 2016, boosting bonds and pushing the US dollar lower.

MSCI's broadest index of Asia-Pacific shares outside Japan recovered from four losing session to climb  by 1.4 percent. Meanwhile, Shanghai edged up by 1.6 percent and South Korea reached its highest for this year so far.

Spread betters anticipated opening gains of about 0.5% to 0.6% for the FTSE 100, DAX, and CAC.

The move came after the Federal Reserve Chair Janet Yellen highlighted global risks to growth and inflation, and made dovish remarks regarding the tightening policy.

Debt markets also surged significantly, in response with yields on 10-year US Treasury Note plunging 7 basis points to 1-month low of 1.80 percent.

The S&P 500 and Dow Jones 30 ended yesterday’s session at their highs for 2016, with Technology stocks leading gains. The S&P 500 spiked by 0.88 percent, while the Dow gained 0.56 percent and the NASDAQ soared 1.67 percent.

Meanwhile, the greenback slumped across the board. The US dollar index was down at 95.093, reflecting its largest one-day decline in almost 2 weeks.

The plunge in the US currency helped the prices of crude oil to recover a bit, as did a forecast that US inventories may have grown by less than expected.


Source link  
US Stocks Mixed, Economic Data in Focus

Shares in the United States mixed as the market waited for the outcome of the U.S. economic data and as the Fed officials were set to release their statement after the report...

Apple Sees Opportunities in India

According to reports, Cook plans to introduce the accelerator program for iOS developers and to make known the development center for digital maps in Hyderabad. The CEO also said that he was encouraged by the results that the company is beginning to see there (India) and believe there is a lot lot more...

Amazon to Dominate Online Deliveries in Europe

Amazon took another step in expanding its market influence as it opened doors in the European Union countries. Francois Saugier, Amazon director of European seller services, expressed his excitement towards the new business venture of the e-commerce juggernaut in Europe...


Today's Events in the Market

Europes finance ministers assembled in Amsterdam on Friday known as the Eurogroup meeting to discuss the improvement for the review of an economic adjustment program of Greece, which the Hellenic Republic obliged to pass in order to receive the following tranche of the loan...

AUD, NZD Retreat Against USD as Oil Declines

The Aussie and New Zealand dollars inched lower against the greenback on Wednesday, as the prices of oil retreated after the Kuwaiti oil workers strike ended...

Important Market Events for April 13, 2016

The International Monetary Fund (IMF) wants the European partners of Greece to grant Athens relief on its debt, which it perceives to be highly unsustainable...


Stocks Rebounds As Oil Prices Increases

On Friday, stocks and bond yields recoil as oil prices strengthens, but remained on the trail in trimming over the course of a marking and volatile week that has been witnessed by the increasing Japanese yen against the dollar...

USD Rallies as Fed Minutes Remain in Focus

The greenback traded higher against a basket of currencies as the market remained watchful on the outcome of the Federal Reserve’s march Policy meeting happening today and as economic growth ached the euro zone...

Gold Rallies to 1-week High on Fed's Dovish Statement

Gold futures extended rallies from the previous session in European trading hours on Wednesday, edging up to a 1-week high as market players lowered their expectations on the pace of interest rate hikes this year...

  


Share: