(Bloomberg) — US equity futures inched higher while Treasuries and the dollar slipped, in a sign that traders are weighing the efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict.
Most Read from Bloomberg
Markets steadied after last week’s rush into haven assets, as traders await further developments in the Middle East. S&P 500 futures rose by about 0.1%, while European contracts fluctuated. Treasury 10-year yields rose more than 3 basis points on Monday after dropping 19 basis points last week. Gold declined 1%.
Meanwhile Japanese, Australian and South Korean shares declined, following on Friday’s decline by the S&P 500. Stocks slipped in mainland China despite the central bank making the biggest medium-term liquidity injection since 2020.
Oil held onto Friday’s gains and traded in a narrow range as US officials rushed to speak with Middle Eastern nations — including back-channel talks with Iran — to contain the conflict. A sharper…
2023-10-16 01:08:30
Article from finance.yahoo.com
rnrn
(Bloomberg) — US equity futures inched higher while Treasuries and the dollar slipped, in a sign that traders are weighing the efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict.
Most Read from Bloomberg
Markets steadied after last week’s rush into haven assets, as traders await further developments in the Middle East. S&P 500 futures rose by about 0.1%, while European contracts fluctuated. Treasury 10-year yields rose more than 3 basis points on Monday after dropping 19 basis points last week. Gold declined 1%.
Meanwhile Japanese, Australian and South Korean shares declined, following on Friday’s decline by the S&P 500. Stocks slipped in mainland China despite the central bank making the biggest medium-term liquidity injection since 2020.
Oil held onto Friday’s gains and traded in a narrow range as US officials rushed to speak with Middle Eastern nations — including back-channel talks with Iran — to contain the conflict. A sharper…
2023-10-16 01:08:30
Article from finance.yahoo.com
rnrn