Treasury yields slip amid market volatility; Fed meeting ahead

U.S. government debt yields fell on Tuesday as investors fled riskier assets and geared up for a key Federal Reserve meeting. The yield on the benchmark 10-year Treasury note sank to 2.825 percent while the yield on the 2-year Treasury bond, the coupon maturity most sensitive to Fed policy expectations, dropped to 2.652 percent. Bond yields move inversely to prices. The big news for traders this week is the Federal Open Market Committee’s (FOMC) upcoming meeting, where the central bank will set


U.S. government debt yields fell on Tuesday as investors fled riskier assets and geared up for a key Federal Reserve meeting. The yield on the benchmark 10-year Treasury note sank to 2.825 percent while the yield on the 2-year Treasury bond, the coupon maturity most sensitive to Fed policy expectations, dropped to 2.652 percent. Bond yields move inversely to prices. The big news for traders this week is the Federal Open Market Committee’s (FOMC) upcoming meeting, where the central bank will set
Treasury yields slip amid market volatility; Fed meeting ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: thomas franck, ryan browne, tom williams, cq roll call, getty images
Keywords: news, cnbc, companies, treasury, ahead, fomc, bond, rate, giddis, rates, slip, yield, fed, amid, market, yields, meeting, volatility


Treasury yields slip amid market volatility; Fed meeting ahead

U.S. government debt yields fell on Tuesday as investors fled riskier assets and geared up for a key Federal Reserve meeting.

The yield on the benchmark 10-year Treasury note sank to 2.825 percent while the yield on the 2-year Treasury bond, the coupon maturity most sensitive to Fed policy expectations, dropped to 2.652 percent. Bond yields move inversely to prices.

Stocks have suffered wild bouts of volatility as of late, with the S&P 500 dipping as much as 2 percent on Monday, marking a new low for the index. Major indexes pointed to a marginal recovery on Tuesday however.

The big news for traders this week is the Federal Open Market Committee’s (FOMC) upcoming meeting, where the central bank will set interest rates. The central bank is widely expected to hike rates on Wednesday, however expectations for further rate hikes in 2019 have dampened amid concerns of a potential slowdown in economic growth.

“With one day left to wait on the Fed Rate Decision, it has gotten hard to figure out what the FOMC will do, and even more importantly, what the market wants the FOMC to do,” Kevin Giddis, head of fixed income capital markets at Raymond James, wrote Tuesday.

“The bond market has taken the stance that the Fed has already missed its forecast on inflation, so this must be about keeping the economy from overheating, correct? That works except for the fact that the U.S. economy’s main data pints are getting weaker, rather than stronger,” Giddis added.


Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: thomas franck, ryan browne, tom williams, cq roll call, getty images
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‘The only way is down’: Oil’s slump could get much worse amid oversupply concerns, analysts say

Oil prices are likely to fall even further over the coming weeks, analysts told CNBC Tuesday, as a sharp sell-off in global equities combines with intensifying fears about a market that could soon to be awash with crude. The latest wave of energy market selling comes amid reports of swelling inventories and forecasts of record U.S. and Russian output. Heightened worries of a possible economic slowdown in 2019 have also added downward pressure to the value of a barrel of oil. “The only way is dow


Oil prices are likely to fall even further over the coming weeks, analysts told CNBC Tuesday, as a sharp sell-off in global equities combines with intensifying fears about a market that could soon to be awash with crude. The latest wave of energy market selling comes amid reports of swelling inventories and forecasts of record U.S. and Russian output. Heightened worries of a possible economic slowdown in 2019 have also added downward pressure to the value of a barrel of oil. “The only way is dow
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Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: sam meredith, justin solomon
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'The only way is down': Oil's slump could get much worse amid oversupply concerns, analysts say

Oil prices are likely to fall even further over the coming weeks, analysts told CNBC Tuesday, as a sharp sell-off in global equities combines with intensifying fears about a market that could soon to be awash with crude.

The latest wave of energy market selling comes amid reports of swelling inventories and forecasts of record U.S. and Russian output. Heightened worries of a possible economic slowdown in 2019 have also added downward pressure to the value of a barrel of oil.

“The only way is down,” Tamas Varga, senior analyst at PVM Oil Associates, said in a research note published Tuesday.

“There are lots of variables regarding next year’s oil balance but based on available data, information and sentiment, it is fair to say that any price rally will be met by fierce resistance from the sellers’ side,” Varga said.


Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: sam meredith, justin solomon
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European markets open lower amid intensifying concerns over global growth

In terms of sectors, travel & leisure stocks were at the top of the charts, up about 0.18 percent. Meanwhile, oil & gas sector saw losses, with the sector down 1.4 percent. Market focus is largely attuned to a darkening global growth outlook, following a flurry of sluggish economic reports. On Monday, the National Association of Home Builders Housing Markets Index indicated U.S. homebuilder sentiment had dipped to a three-and-a-half year low. Meanwhile, Britain’s embattled Prime Minister Theresa


In terms of sectors, travel & leisure stocks were at the top of the charts, up about 0.18 percent. Meanwhile, oil & gas sector saw losses, with the sector down 1.4 percent. Market focus is largely attuned to a darkening global growth outlook, following a flurry of sluggish economic reports. On Monday, the National Association of Home Builders Housing Markets Index indicated U.S. homebuilder sentiment had dipped to a three-and-a-half year low. Meanwhile, Britain’s embattled Prime Minister Theresa
European markets open lower amid intensifying concerns over global growth Cached Page below :
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European markets open lower amid intensifying concerns over global growth

In terms of sectors, travel & leisure stocks were at the top of the charts, up about 0.18 percent. Meanwhile, oil & gas sector saw losses, with the sector down 1.4 percent.

Market focus is largely attuned to a darkening global growth outlook, following a flurry of sluggish economic reports. On Monday, the National Association of Home Builders Housing Markets Index indicated U.S. homebuilder sentiment had dipped to a three-and-a-half year low. It was the second straight month of disappointing reading.

The gloomy data compounded weaker-than-expected economic news from Europe late last week.

In addition, a profit warning from Asos shocked investors on Monday. Shares of the company tumbled more than 30 percent on the news. The previously high-flying clothing retailer also prompted U.S. consumer discretionary shares to fall almost 3 percent, with stocks on Wall Street slipping to their lowest levels in more than a year on Monday.

In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, was down around 0.3 percent on Tuesday.

Back in Europe, investors are likely to monitor Germany’s Ifo business climate figures for December at around 9:00 a.m. London time.

Meanwhile, Britain’s embattled Prime Minister Theresa May announced Monday a parliamentary vote on her Brexit deal would take place in the third week of January.

This prompted Britain’s leader of the opposition, Jeremy Corbyn, to table a motion of no confidence in Theresa May, saying it was unacceptable for parliament to wait another month to vote on the deal.

U.K. lawmakers were initially scheduled to have their say on the terms of Britain’s withdrawal from the EU last week but the prime minister delayed the vote, admitting she was likely to lose.


Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: sam meredith
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Firm dollar weighs on gold amid global growth risks

Spot gold was down 0.1 percent at $1,237.51 per ounce, as of 0401 GMT, after having hit its lowest since Dec. 4 at $1,232.39 on Friday. Gold has not recovered yet from Friday’s decline, said analyst Helen Lau of Argonaut Securities, adding that prices were moving on the strong dollar over the weekend. The dollar index, which measures the greenback against other major currencies, was just below the 19-month high of 97.71 hit on Friday. Lower interest rates reduce the opportunity cost of holding n


Spot gold was down 0.1 percent at $1,237.51 per ounce, as of 0401 GMT, after having hit its lowest since Dec. 4 at $1,232.39 on Friday. Gold has not recovered yet from Friday’s decline, said analyst Helen Lau of Argonaut Securities, adding that prices were moving on the strong dollar over the weekend. The dollar index, which measures the greenback against other major currencies, was just below the 19-month high of 97.71 hit on Friday. Lower interest rates reduce the opportunity cost of holding n
Firm dollar weighs on gold amid global growth risks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, firm, global, dollar, reduce, gold, ounce, amid, weighs, safehaven, rates, risks, analyst, growth, support, interest, dec


Firm dollar weighs on gold amid global growth risks

Gold prices inched lower on Monday, as the dollar held firm below a 19-month peak on safe-haven demand amid concerns of a global economic slowdown, and as investors awaited cues on U.S. interest rate hikes from a Federal Reserve meeting later this week.

Spot gold was down 0.1 percent at $1,237.51 per ounce, as of 0401 GMT, after having hit its lowest since Dec. 4 at $1,232.39 on Friday.

U.S. gold futures were little changed at $1,241.3 per ounce.

Gold has not recovered yet from Friday’s decline, said analyst Helen Lau of Argonaut Securities, adding that prices were moving on the strong dollar over the weekend.

Weaker-than-expected economic data out of China and Europe and fears of a possible U.S. government shutdown enhanced appeal for the U.S. currency, which has played the role of a safe-haven asset in recent times.

The dollar index, which measures the greenback against other major currencies, was just below the 19-month high of 97.71 hit on Friday.

Markets will closely watch the future trajectory of U.S. monetary policy at the Federal Reserve’s Dec. 18-19 meeting where the board is set to raise interest rates by 25 basis points.

“Markets will rally on the back of dollar weakness after the central bank signals a more dovish stance, but the advance will fall back quickly as global growth concerns reassert themselves,” INTL FCStone analyst Edward Meir said in a note.

Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar.

Spot gold is biased to break a support at $1,232 per ounce, and fall to a lower support zone of $1,224-$1,228, according to Reuters technical analyst Wang Tao.

Meanwhile, hedge funds and money managers switched to net long position in Comex gold in the week to Dec. 11, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.

This was the first time gold speculators held a net long position since July, and the strongest since June.

“Uncertainties of the trade war are still weighing on the market,” said Dick Poon, general manager, Heraeus Metals Hong Kong Ltd.

“It is getting close to Christmas time, so it is getting super quiet in the market. Investors reduce their inventories as much as possible before the year ends.”

Among other precious metals, spot palladium gained to $1,238.20 per ounce.

Silver declined marginally to $14.56 per ounce, while platinum fell 0.6 percent to $782.50 per ounce.


Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: simon dawson, bloomberg, getty images
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Dollar index near 19-month high on safe-haven bid amid global growth worries

Weaker-than-expected economic data from China and Europe and fears of a possible U.S. government shutdown spooked investors away from stocks toward the greenback and yen. The dollar index, which gauges its value versus six major peers, was little changed at 97.44, below the 19-month high of 97.71 it hit on Friday. The Federal Reserve is set to raise interest rates by 25 basis points at its two-day meeting that opens Tuesday. However, interest rate futures used to gauge the probability of further


Weaker-than-expected economic data from China and Europe and fears of a possible U.S. government shutdown spooked investors away from stocks toward the greenback and yen. The dollar index, which gauges its value versus six major peers, was little changed at 97.44, below the 19-month high of 97.71 it hit on Friday. The Federal Reserve is set to raise interest rates by 25 basis points at its two-day meeting that opens Tuesday. However, interest rate futures used to gauge the probability of further
Dollar index near 19-month high on safe-haven bid amid global growth worries Cached Page below :
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Dollar index near 19-month high on safe-haven bid amid global growth worries

The dollar held near a 19-month high on Monday, bolstered by safe-haven buying as heightened concerns of a global economic slowdown reduced appetites for riskier assets such as stocks and Asian currencies.

Weaker-than-expected economic data from China and Europe and fears of a possible U.S. government shutdown spooked investors away from stocks toward the greenback and yen.

“The dollar is clearly showing it is attractive during times of market stress,” said Ray Attrill, head of currency strategy at NAB in Sydney.

The dollar index, which gauges its value versus six major peers, was little changed at 97.44, below the 19-month high of 97.71 it hit on Friday.

The Australian dollar, whose fortunes are closely tied to China’s economy, was marginally lower at $0.7174. It lost 0.3 percent of its value last week as data showed Chinese November retail sales grew at the weakest pace since 2003 and industrial output rose the least in nearly three years, underlining risks to the economy.

The offshore Chinese yuan was flat at 6.8974.

Apart from fears of a global economic slowdown, markets are also focusing on the likely trajectory of U.S. monetary policy.

The Federal Reserve is set to raise interest rates by 25 basis points at its two-day meeting that opens Tuesday.

The central bank has lifted rates eight times since December 2015 in a bid to restore policy to more normal settings after having slashed borrowing costs to near zero to combat the financial crisis a decade ago.

With the hike largely factored in by the market, larger moves in the dollar will be guided by the Fed’s forward guidance.

According to their projections in September, the median view among the Fed’s policymakers was for three rate hikes in 2019. However, interest rate futures used to gauge the probability of further hikes are pricing in only one hike in 2019.

“Any content that speaks to the difference between market pricing of one interest rate rise in 2019 versus previous Fed indications of three rises is very likely to move markets,” Michael McCarthy, Sydney-based chief markets strategist at CMC Markets, said in a note.

Traders believe that higher U.S. borrowing costs will likely hurt U.S. growth momentum and ultimately force the Fed to pause its monetary tightening path.

Recent comments by Fed officials have also been read as dovish by some analysts. Last month, Fed Chairman Jerome Powell said rates were near the range of policymakers’ estimates of “neutral” – the level at which they neither stimulate nor impede the economy.

“The Fed will most likely move from an auto-pilot mode to being data dependent,” said Attrill.

The dollar gained 0.1 percent over the yen in Asian trade to trade at 113.48. Interest rate differentials between the U.S. and Japan make the dollar a more attractive bet than the yen, according to some analysts.

The Bank of Japan has a meeting on Dec. 19-20, at which policy is expected to remain highly accommodative as inflation remains well below the its target.

The euro was also little changed at $1.1310, having lost 0.6 percent last week after weaker-than-expected data out of France and Germany suggested that economic activity in Europe remains weak.

Sterling remained under pressure in Asian trade, down 0.02 percent at $1.2582. British trade minister Liam Fox said on Sunday talks with the European Union to secure “assurances” for parliament on Prime Minister Theresa May’s Brexit deal will take time, with a decision expected in the new year.


Company: cnbc, Activity: cnbc, Date: 2018-12-17
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European markets fall amid global growth worries; sterling slips to 18-month low amid Brexit vote chaos

The pan-European Stoxx 600 was down around 0.6 percent during early afternoon deals, with almost all sectors and major bourses in negative territory. Britain’s FTSE 100 index led the gains, shortly after reports emerged suggesting a crucial Brexit vote could be pulled. Europe’s chemicals stocks led the losses Monday afternoon, down over 1.5 percent. Autos stock — seen as a trade war proxy because of its export-heavy constituents — were also trading more than 1.5 percent lower amid elevated trade


The pan-European Stoxx 600 was down around 0.6 percent during early afternoon deals, with almost all sectors and major bourses in negative territory. Britain’s FTSE 100 index led the gains, shortly after reports emerged suggesting a crucial Brexit vote could be pulled. Europe’s chemicals stocks led the losses Monday afternoon, down over 1.5 percent. Autos stock — seen as a trade war proxy because of its export-heavy constituents — were also trading more than 1.5 percent lower amid elevated trade
European markets fall amid global growth worries; sterling slips to 18-month low amid Brexit vote chaos Cached Page below :
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European markets fall amid global growth worries; sterling slips to 18-month low amid Brexit vote chaos

The pan-European Stoxx 600 was down around 0.6 percent during early afternoon deals, with almost all sectors and major bourses in negative territory.

Britain’s FTSE 100 index led the gains, shortly after reports emerged suggesting a crucial Brexit vote could be pulled.

Meanwhile, sterling slipped to one-and-a-half year lows on the news. The U.K. currency was trading at around 1.2665 against the dollar at around 12:05 p.m. London time.

Europe’s chemicals stocks led the losses Monday afternoon, down over 1.5 percent. Germany’s BASF SE was the worst sectoral performer, slipping nearly 5 percent after the company slashed its forecast for profits in 2018 late last week.

Autos stock — seen as a trade war proxy because of its export-heavy constituents — were also trading more than 1.5 percent lower amid elevated trade tensions. Fiat Chrysler slipped almost 3 percent Monday lunchtime.

Looking at individual stocks, Air France KLM rose toward the top of the European benchmark during early afternoon deals. It comes after the airline reported better-than-expected traffic figures for November, prompting shares to rise over 1.6 percent. However, the Paris-listed company is still down around 30 percent year-to-date.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: sam meredith
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US Treasury yields move higher amid fears of an economic slowdown

ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.8611 percent, while the yield on the 30-year Treasury bond was also higher at 3.1450 percent. Investors are increasingly concerned about a possible economic slowdown, shortly after the U.S., China and Japan all reported weaker-than-expected economic data. Meanwhile, the U.S. Treasury is set to auction $39 billion in 13-week bills and $36 billion in 26-week bills on Monday. In energy marke


ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.8611 percent, while the yield on the 30-year Treasury bond was also higher at 3.1450 percent. Investors are increasingly concerned about a possible economic slowdown, shortly after the U.S., China and Japan all reported weaker-than-expected economic data. Meanwhile, the U.S. Treasury is set to auction $39 billion in 13-week bills and $36 billion in 26-week bills on Monday. In energy marke
US Treasury yields move higher amid fears of an economic slowdown Cached Page below :
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US Treasury yields move higher amid fears of an economic slowdown

At around 5 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.8611 percent, while the yield on the 30-year Treasury bond was also higher at 3.1450 percent.

Investors are increasingly concerned about a possible economic slowdown, shortly after the U.S., China and Japan all reported weaker-than-expected economic data. It comes after Wall Street’s main indexes closed more than 2 percent lower on Friday, registering their largest weekly percentage declines since March.

On the data front, investors are likely to closely monitor the release of October’s Job Openings and Labor Turnover Survey (JOLTS) at around 10 a.m. ET.

Meanwhile, the U.S. Treasury is set to auction $39 billion in 13-week bills and $36 billion in 26-week bills on Monday.

In energy markets, crude prices were mixed after OPEC and allied non-OPEC oil producers agreed to implement a supply cut from January. Despite the news, the price outlook for 2019 remains uncertain on the back of an economic slowdown.

International benchmark Brent crude traded at around $61.66 on Monday, up around 0.05 percent, while U.S. West Texas Intermediate (WTI) stood at around $52.40, more than 0.4 percent lower.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: sam meredith
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India’s ruling party headed for setbacks in state elections amid farmer unrest

Farmer discontent and weak job growth could hurt the performance of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in state elections. That offers a crucial opportunity for the main opposition party, the Indian National Congress, to shine. Five states recently went to the polls to elect representatives to their respective assemblies. Votes will be counted on Tuesday, with special attention on the regions of Madhya Pradesh, Chhattisgarh and Rajasthan. Analysts anticipat


Farmer discontent and weak job growth could hurt the performance of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in state elections. That offers a crucial opportunity for the main opposition party, the Indian National Congress, to shine. Five states recently went to the polls to elect representatives to their respective assemblies. Votes will be counted on Tuesday, with special attention on the regions of Madhya Pradesh, Chhattisgarh and Rajasthan. Analysts anticipat
India’s ruling party headed for setbacks in state elections amid farmer unrest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: nyshka chandran, vishal bhatnagar, nurphoto, getty images, -radhika rao, economist at dbs bank
Keywords: news, cnbc, companies, ruling, farmer, serve, state, national, rajasthan, indias, party, elections, opposition, pradesh, unrest, states, studies, headed, indian, amid, setbacks


India's ruling party headed for setbacks in state elections amid farmer unrest

Farmer discontent and weak job growth could hurt the performance of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in state elections. That offers a crucial opportunity for the main opposition party, the Indian National Congress, to shine.

Five states recently went to the polls to elect representatives to their respective assemblies. Votes will be counted on Tuesday, with special attention on the regions of Madhya Pradesh, Chhattisgarh and Rajasthan. The three Hindi-speaking areas boast a combined state domestic product of roughly $305 billion and are among the country’s easiest places to do business, according to the World Bank.

Analysts anticipate the outcome in the three states could serve as a preview for the country’s general election in 2019.

“The results of these elections, while not conclusive, may serve as bellwethers for whether the nearly 65 parliamentary seats from the electorally important states of Madhya Pradesh, Rajasthan, and Chhattisgarh will ultimately go to the opposition Indian National Congress party or to the BJP in 2019,” said Kartikeya Singh, deputy director of the Wadhwani Chair in U.S.-India policy studies at the Center for Strategic and International Studies, in a note.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: nyshka chandran, vishal bhatnagar, nurphoto, getty images, -radhika rao, economist at dbs bank
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Gold inches higher as dollar dips amid risk aversion

Gold edged higher on Thursday as growing risk aversion weighed on the dollar, while palladium held ground at a premium to the bullion. Spot gold was up 0.2 percent at $1,239.86 per ounce, as of 0429 GMT, while U.S. gold futures were 0.2 percent higher at $1,244.9 per ounce. “Markets are trying to consolidate, trying to push up higher for now,” said Benjamin Lu, a commodities analyst with Phillip Futures. The dollar declined against the safe-haven yen as a spike in risk aversion pressured equitie


Gold edged higher on Thursday as growing risk aversion weighed on the dollar, while palladium held ground at a premium to the bullion. Spot gold was up 0.2 percent at $1,239.86 per ounce, as of 0429 GMT, while U.S. gold futures were 0.2 percent higher at $1,244.9 per ounce. “Markets are trying to consolidate, trying to push up higher for now,” said Benjamin Lu, a commodities analyst with Phillip Futures. The dollar declined against the safe-haven yen as a spike in risk aversion pressured equitie
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Gold inches higher as dollar dips amid risk aversion

Gold edged higher on Thursday as growing risk aversion weighed on the dollar, while palladium held ground at a premium to the bullion.

Spot gold was up 0.2 percent at $1,239.86 per ounce, as of 0429 GMT, while U.S. gold futures were 0.2 percent higher at $1,244.9 per ounce.

“Markets are trying to consolidate, trying to push up higher for now,” said Benjamin Lu, a commodities analyst with Phillip Futures.

A balance between a host of factors such as a rate hike by the U.S. Federal Reserve in December, uncertainty about trade tensions between Washington and Beijing, and a flattening yield curve has helped create a premium for the bullion, Lu added.

Fed policymakers will gather at a Dec. 18-19 meeting, at which the central bank is widely expected to raise interest rates.

“Although a rate hike is already priced in, markets will be closely watching the meeting for clues on rate hike timings in 2019,” said Lukman Otunuga, a research analyst at FXTM, adding that: “if the meeting echoes a similar message to (Chairman Jerome) Powell’s dovish shift, gold has the potential to shine into 2019.”

The dollar declined against the safe-haven yen as a spike in risk aversion pressured equities and U.S. Treasury yields. The spread between the two-year and five-year Treasury yields inverted this week and the two-year/10-year spread was at its flattest in more than a decade amid a sharp fall in long-term rates.

“An yield curve inversion indicates higher borrowing cost in short term, so for safe-haven assets in the longer run it’s going to be very positive,” Phillip Futures’ Lu said.

Spot gold may test a resistance at $1,245 per ounce, a break above which could lead to a gain into a range of $1,253-$1,258, according to Reuters technical analyst Wang Tao.

Meanwhile, palladium continued to be more valuable than gold after outshining the yellow metal for the first time since 2002 on Wednesday, with prices soaring by around 50 percent in less than four months to record levels.

Spot palladium rose 0.1 percent to $1,245.00 per ounce, hovering near its record high hit in the previous session.

The market now awaits Friday’s U.S. non-farm payrolls data for November, which is expected to show unemployment remains at 3.7 percent.

“Investors are seen adopting a cautious stance ahead of the U.S. jobs report which could offer insight over the health of the U.S. labour force,” said FXTM’s Otunuga.

Amongst other metals, silver fell 0.7 percent to $14.41 per ounce, while platinum extended losses into a third session, declining 0.7 percent to $795.00 per ounce.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: getty images
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Treasury yields lower amid dovish Fed comments; G-20 summit in focus

U.S. government debt yields fell on Friday as world leaders convened at a Group of 20 summit in Buenos Aires and investors adjusted portfolios after dovish comments from Federal Reserve officials earlier in the week. The G-20 meeting in Argentina was in focus on the week’s final day of trading as investors around the globe awaited a dinner between President Donald Trump and China President Xi Jinping. As of the latest reading, the yield on the benchmark 10-year Treasury note dipped to around 3.0


U.S. government debt yields fell on Friday as world leaders convened at a Group of 20 summit in Buenos Aires and investors adjusted portfolios after dovish comments from Federal Reserve officials earlier in the week. The G-20 meeting in Argentina was in focus on the week’s final day of trading as investors around the globe awaited a dinner between President Donald Trump and China President Xi Jinping. As of the latest reading, the yield on the benchmark 10-year Treasury note dipped to around 3.0
Treasury yields lower amid dovish Fed comments; G-20 summit in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: thomas franck, saul loeb, afp, getty images
Keywords: news, cnbc, companies, summit, trade, trumps, dovish, amid, lower, trump, comments, treasury, federal, yield, g20, recent, xi, focus, president, yields, fed


Treasury yields lower amid dovish Fed comments; G-20 summit in focus

U.S. government debt yields fell on Friday as world leaders convened at a Group of 20 summit in Buenos Aires and investors adjusted portfolios after dovish comments from Federal Reserve officials earlier in the week.

The G-20 meeting in Argentina was in focus on the week’s final day of trading as investors around the globe awaited a dinner between President Donald Trump and China President Xi Jinping. A growing trade dispute between the globe’s two largest economies has been one of many factors roiling fixed-income and equity markets over the past year.

As of the latest reading, the yield on the benchmark 10-year Treasury note dipped to around 3.013 percent, while the yield on the 30-year Treasury bond fell to 3.306 percent. The 2-year Treasury yield, meanwhile, held steady around 2.813 percent. Bond yields move inversely to prices.

While hopes are high that Washington and Beijing can broker a truce, U.S. complaints over intellectual property theft and a yawning trade deficit have not appeared to deter a Chinese government often involved in the country’s largest businesses on a granular level.

Investor angst also rose after CNBC reported that White House trade advisor and China trade hawk Peter Navarro will attend the sit-down between Trump and Xi. Navarro, a proponent of the Trump administration’s use of tariffs said earlier this month that any agreement between the two countries will be on Trump’s terms and not subject to Wall Street influence.

“I have no idea what to expect this weekend, frankly. It’s in both Trump’s and Xi’s interest to come up with a deal, but Trump will want a deal he’ll be happy with,” said Arthur Bass, managing director of fixed income financing, futures, and rates at Wedbush Securities. “If we do get an agreement, you could see a sigh of relief in equities, but it’s uncertain what fixed income does with all the comments from the Fed this week.”

Yields have dipped in recent days amid more dovish commentary from the Fed officials. Chairman Jerome Powell, Vice Chair Richard Clarida and minutes from the Federal Open Market Committee’s most recent meeting all suggested greater uncertainty around maintaining quarterly hikes to the federal funds rate.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: thomas franck, saul loeb, afp, getty images
Keywords: news, cnbc, companies, summit, trade, trumps, dovish, amid, lower, trump, comments, treasury, federal, yield, g20, recent, xi, focus, president, yields, fed


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