Stocks Slightly Higher as Bond Yields Decline.jpeg
Inside New York, written by Orhan Acort via Shutterstock
The S&P 500 ($ Spy) (SPY) has increased today +0.07 %, which is the Dow Jones Industries ($ DOI) +06 %, and Undel Nasdaq 100 ($ IUXX) (QQQ) rising +0.10 %. June-Mini S & P (ESM25) +0.10 % futures increased, and the NQM25 contract increases in June (NQM25) +0.11 %.
Today’s stock indexes are slightly higher, with most of the margin investors before the results of the FOMC meeting for two days later on this afternoon. Expectations are that the Federal Reserve maintains not to change interest rates, and the markets will focus on the federal reserve points plot, the latest expectations for growth, unemployment and interest rates. Post -FOMC meetings will be dissected by the Federal Reserve Chairman Powell to obtain evidence of the intentions of the Federal Reserve in the future. The stock indicators maintained modest gains after the unemployed demands in the United States decreased as expected, although the bond revenues have declined from the United States’ weakest news expected from May and construction permits. The T -Note returns for 10 years -2 basis point to 4.36 %.
The gains in stocks are limited to geopolitical risks, as fighting between Israel and Iran entered on the sixth day on Tuesday without any signs of mitigation. A meeting between President Trump and the national security team has strengthened speculation that the United States is about to join Israel’s attacks on Iran after President Trump called for “Iran’s surrender”. The United States has announced a meeting today with the commander of the Pakistani army, a major ally of Iran, to discuss mediation. Iran has not showed any signs of retreat and the intention to respond by force if the United States will directly participate in Israeli attacks.
To date, there has been no closure of the Hormuz’s biological strait, which deals with about 20 % of the world’s daily crude charges, although the navigational signals of more than 900 ships moving across the strait were disrupted due to “severe jamming” of the signals from the Iranian port of tolerance, which caused a collision from two doors on Tuesday.
Mortgage requests in the United States decreased by -2.6 % a week on June 13, with a mortgage index decreased by -3.0 % and low mortgage index by -2.1 %. The average firm mortgage decreased for 30 years -9 basis points to 6.84 % from 6.93 % in the previous week.
Initial unemployment demands in the United States of the weekly decreased from 5,000 to 245,000, directly over expectations.
American housing news today was weaker than expected. The beginning of housing -9.8 % m/m to the lowest level of 5 years at 1.256 million, weaker than 1.350 million expectations. Building permits, a future construction agent, have decreased unexpectedly by -2.0 %/m to the lowest level at 4-3/4 years at 1.393 million, and weaker than non -change expectations at 1.422 million.
Investors are preparing for the negative tariff news during the next week or so, after President Trump announced last Wednesday that he intends to send messages to dozens of American commercial partners within a week to two weeks, which puts a single -sided tariff before the deadline on July 9, which came with his stopping for 90 days.
Markets deduct 0 % opportunities to reduce the interest rate -25 basis point at the Tue -Led FOMC meeting.
Foreign stock markets per day mixed. Euro Stoxx 50 decreased to the lowest level in weeks 3-1/2 and decreased by -0.46 %. The Chinese Shanghai +04 % closed. Nikkei’s share in Japan rose 225 to an increase of 3-3/4 months and closed 0.90 %.
Useful interest rates
September 10 from T-Notes (Znu25) today rose +4. The T -Note returns for 10 years -2.4 basis points decreased to 4.365 %. T-Notes is heading today to high transportation support for strength in European government bonds. T-Notes is added to their gains after housing and construction permits begin more than expected, firm factors for the policy of the Federal Reserve. T-Notes is still supported by safe demand in the safe term after President Trump met the national security team, which enhances speculation that the United States may be about to join the attack against Iran.
T-Notes gains were limited due to the increase in inflation expectations after an increase in the inflation rate in the tie for a period of 10 years to the highest levels for two weeks today by 2.336 %.
European government bond returns today are moving to a decrease. German return has decreased for 10 years -1.4 basis points to 2.521 %. The UK’s doctrine has decreased for 10 years -2.2 basis points to 4.529 %.
European Central Bank Board of Directors, Paneta, said that the Euro Economic Zone prospects are facing “great” risks due to US definitions and fighting in the Middle East.
CPI decreased in the UK to +3.4 % year on an annual basis of 3.5 % year on April, stronger than +3.3 % on an annual basis. The basic consumer price index has decreased to +3.5 % on an annual basis of +3.8 % on an annual basis in April, directly on expectations.
The bares are due to 6 % deduction to reduce the interest rate by the European Central Bank at the Policy meeting on July 24.
American engines
NUCOR (NUE) increased more than +5 % to lead the winners in the S&P 500 after predicting the Eps Q2 letter from 2.55 to $ 2.65, stronger than a consensus of $ 2.30.
Marvel Technology (MRVL) increased by more than +6 % to lead the winners in NASDAQ 100 after the company raised its totalable market to $ 94 billion by 2028, increasing a previous estimate of $ 75 billion.
JPMorgan Chase (JPM) has increased more than +1 % to lead the winners in Dow Jones Industries and Bank Stocks higher in reports that are planning American organizers to reduce the capital base that limits the treasury boxes.
Wells Fargo & Co (WFC) increased by more than +1 % after raising the price of Raymond James from the target price of the share to $ 84 from $ 78.
ADI increased by more than +1 % after the Cantor Fitzgerd to gain weight from a neutral with a price of $ 270.
Oracle (ORCL) increased more than +1 % after Guggenheim Securities raised its target price to $ 250 from $ 220.
Pharmaceutical companies move to less for the second consecutive day after Bloomberg stated on Tuesday that the Trump administration is studying policies that restrict the ability of pharmaceutical companies to announce directly to patients. As a result, the Merk & Co (MRK), Bristol -meyers Squibb (BMY), Eli Lilly (LLY), AMGEN (AMGN), Baxter International (Bax), and MODERNA (MRNA) have decreased more than -1 %.
Bitdeer Technologies (BTDR) decreased more than 8 % after announcing that it was offering $ 300 million in the 2031 transferable upper notes in a special position.
Zoetis Inc (ZTS) decreased more than -3 % to lead the losers in the S& P 500 index after Stifel reduced the shares classification of purchase, noting the company’s “opposite winds”.
Allstate (all) decreased more than -1 % after reports, disaster losses +31 % m/m to $ 777 million increased.
On the date of publication, Rich Asplund did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
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