Monthly Archives: June 2024
Dollar Fuels By Strong Treasury Yield
Written on June 10, 2024 at 5:50 am, by
Market Summary The U.S. 7-year note auction held yesterday saw tepid demand for long-term Treasury yields, resulting in a decline in bond prices and pushing bond yields higher. This development, combined with market perception that the Federal Reserve is not planning to initiate a rate cut policy soon, fueled risk-averse sentiment and hammered equity markets.Continue Reading
Oil Prices Bullish As Geopolitical Tension Escalates
Written on June 10, 2024 at 5:49 am, by
Market Summary As U.S. markets resumed following the Monday public holiday, the implementation of the “T +1” settlement rule was overshadowed by a hawkish tone from the Federal Reserve. The Nasdaq and S&P 500 closed unchanged, while the Dow Jones declined. Fed official Neel Kashkari indicated that the Fed would maintain its restrictive monetary policyContinue Reading
Oil Prices Bullish As Geopolitical Tension Escalates
Written on June 10, 2024 at 5:49 am, by
Market Summary As U.S. markets resumed following the Monday public holiday, the implementation of the “T +1” settlement rule was overshadowed by a hawkish tone from the Federal Reserve. The Nasdaq and S&P 500 closed unchanged, while the Dow Jones declined. Fed official Neel Kashkari indicated that the Fed would maintain its restrictive monetary policyContinue Reading
