Bond yields creep higher as markets wait for Fed signals
11 Juillet, 2019, 05:07 | Auteur: Auguste Feret
World FX rates in 2019 http://tmsnrt.rs/2egbfVh * Fed's Powell says trade, global concerns weigh on US economy * Dollar hits session low vs yen, euro after Powell remarks * Markets expect 25 basis-point cut later this month (Adds analyst comments, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, July 10 (Reuters) - The dollar fell on Wednesday after Federal Reserve Chairman Jerome Powell struck a downbeat tone in congressional testimony, saying trade uncertainties and concerns about the global outlook continued to exert pressure on the USA economy. The yield on 10-year Treasuries fell to 2.05%, after climbing above 2.10% for the first time in a month.
"A rate cut in July is now all but certain", said James McCann, senior global economist at Aberdeen Standard Investments. Investors will also scour June minutes from the Fed's June meeting. The pound halted a drop to a two-year low as data showed the United Kingdom economy rebounded in May.
European Central Bank minutes are due on Thursday.
Japan's Nikkei had also finished lower and Chinese blue chips barely budged as data showed inflation remained subdued.
Shares of 3M fell almost 2.1 percent, as Canadian investment bank RBC Capital Markets downgraded the company's stock to "sector perform" from "outperform", due to "eroding" reputation of the USA conglomerate as a "defensive, high-quality industrial".
The S&P 500 Index rose 0.4% as of 10:30 a.m.
The Dow Jones Industrial Average .DJI rose 43.35 points, or 0.16%, to 26,826.84, the S&P 500 .SPX gained 7.23 points, or 0.24%, to 2,986.86 and the Nasdaq Composite .IXIC added 28.44 points, or 0.35%, to 8,170.16.
MSCI's broadest index of world stocks was little changed after three days of losses. Australia's S&P/ASX 200 advanced 0.45%.
The euro increased 0.4% to US$1.1249, the biggest climb in more than two weeks.
Renewed strength in the dollar would be an extra worry for the British pound, which is stuck near a six-month low due to uncertainty over how Britain will avoid a messy no-deal exit from the European Union. Yields on two-year Treasuries rose to 1.917 per cent from their recent low of 1.696 per cent and Europe's benchmark yields up around five basis points.
Sterling was last quoted at $1.2455 after skidding to a new six-month low of $1.2439 on Tuesday, with Brexit jitters and growing expectations of a Bank of England rate cut adding to the currency's weakness.
The dollar also firmed to ¥108.96, while the euro faded to US$1.1204 (RM4.641) having been as high as US$1.1412 just a couple of weeks ago.
The dollar's gains took the shine off gold, which eased 0.3 percent to $1,393.14 per ounce.
Yields on short-dated U.S. Treasuries, which had ticked higher in recent sessions after stronger-than-expected employment data on Friday, fell on Powell's remarks.
Brent crude futures rose 67 cents to $64.83, while United States crude gained 83 cents to $58.66 a barrel.
A similar incident occurred in 2011 when two alligators were spotted just weeks apart in the Chicago River . He's there", Lopez said. "Ah, I can't come here no more... but now, with these things here, you never know".
According to Gatwick Airport's website, flights have resumed from 7.20pm United Kingdom time after almost two hours of chaos. A total of 25 flights were diverted to other United Kingdom airports when the problems began shortly after 17:00 BST.
When conservative meme-maker Carpe Donktum got an invitation to a White House summit, he thought the email might be spam. In general, veterans as a group are more likely to identify with or lean toward the Republican Party.
Assistant coroner Brendan Allen told the Daily Echo that "great care should be taken taken when using these metal straws". I hope this never happens to anyone else", she said. "These straws can very easily be lethal".
The company initiated the recall after discovering small pieces of hard plastic in production equipment. The buns are sold nationwide under Brand Names like Wal-Mart's Great Value, Wonderbread, and Nathans.
An avid gum-chewer, she steals an experimental piece from Wonka's factory that leads to her blowing up like a giant blueberry. At some point during this event, she aspirated, and caught pneumonia". "They have upped her oxygen".
Created by Matt and Ross Duffer, the the third season of Stranger Things takes place during the summer of 1985 in Hawkins. The friends at the center of Stranger Things are going through the usual growing pains as the new season begins.
But not all vehicles would be emissions-free as Mr Hipkins said the government was waiting for more options to come on the market. Some 74 per cent of annual vehicles sales are of vehicles already registered and these would not be affected, Genter said.
However, some fans also think that Archie resembles his grandfather, Thomas Markle , who was not invited to the baptism. Archie was baptised in the Honiton christening gown, which Prince William and Kate Middleton's three children all wore.
Selon les informations de L'Equipe , Benjamin Henrichs , le latéral allemand de Monaco, serait dans le viseur du Bayern Munich . Lié à Monaco jusqu'en juin 2023, Benjamin Henrichs (22 ans) pourrait quitter le Rocher.
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Il s'agit du 3 incident de ce type en un mois, suscitant des interrogations sur l'état de santé de la chancelière allemande . Ce mercredi 10 juillet, " il faisait bien frais à Berlin pour la saison ", relate le quotidien allemand.