- September 29, 2022
- By: Admin1_blog
- US Market
Stock futures slumped on Thursday morning after the Dow Jones Industrial Average staged a comeback off its lowest level for the year.
EU FX
Stock futures slumped on Thursday morning after the Dow Jones Industrial Average staged a comeback off its lowest level for the year.
Stock futures were higher on Tuesday morning after the market started the week by continuing its dramatic September decline.
Stocks rose with U.S. equity futures Tuesday, signaling a rebound after Monday’s slump, as investors bet that vaccines can help tame the omicron virus outbreak. Treasuries fell.
Sterling firmed on Thursday as the discovery of the first case of the Omicron variant in the United States weighed on the dollar overnight, but trading was choppy amid uncertainty about whether the Bank of England will hike interest rates this month.
U.S. equity-index futures gained on Wednesday along with stocks in Europe as traders assessed the latest news on the omicron variant and the Federal Reserve’s signals of stepped-up efforts to curb elevated inflation. Bonds declined.
Riskier currencies bounced from recent lows and safe-havens such as the yen eased against the dollar on Wednesday as traders in Asia lightened some of their worries about the Omicron variant.
Fresh concerns about the efficacy of existing vaccines against the omicron coronavirus strain pushed markets back into risk-off mode on Tuesday, with stocks in Europe dropping alongside U.S. equity futures. Bonds gained as investors sought havens.
The dollar edged higher, the euro fell and the yen steadied on Monday as currency markets reversed some of Friday’s moves, calming after the initial shock of discovering a new coronavirus variant.
U.S. and European equity futures climbed Monday along with crude oil and Treasury yields as investors tried to calibrate economic risks from the omicron coronavirus strain, bringing some calm back to markets.
U.S. futures fell and Asian stocks were mixed Tuesday amid a jump in Treasury yields and the dollar as Jerome Powell’s renomination to head the Federal Reserve fueled bets on a quicker reduction of monetary stimulus.