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Search resuls for: "Dallas Fed Manufacturing"


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The yield on the 2-year Treasury yield was flat at 4.593%. The 10-year U.S. Treasury yield fell slightly on Tuesday as investors weighed the previous day's data points and looked ahead to key inflation figures later in the week. Last week, the central bank indicated that rates will fall this year, although Chairman Jerome Powell stressed that the economic outlook remains uncertain. The Dallas Fed manufacturing index for March also fell to -14.4, below expectations, although the Chicago Fed national activity index improved. There are also several auctions on the slate, including of 17-week, 4-week and 8-week Treasury bills.
Persons: Jerome Powell, Raphael Bostic, Jim Reid, Reid Organizations: Treasury, Federal Reserve, Atlanta Fed, Deutsche, Dallas Fed, Chicago Fed, Richmond Locations: U.S
The yield on the 10-year Treasury was more than 1 basis point lower at 4.468%. The yield on the 2-year Treasury was last down by 1 basis point at 4.946%. U.S. Treasury yields held steady as markets reopened after Friday's shortened trading day and investors awaited economic data that could affect the Federal Reserve's monetary policy. Investors will be carefully scanning the data for hints about the state of the economy and whether it is cooling as interest rates remain elevated. Fed policymakers have so far given little indication about how long rates will remain elevated for.
Persons: Jerome Powell Organizations: Treasury, U.S, Dallas Fed, Investors
Stock futures dipped on Sunday evening as Wall Street looks to build on four straight positive weeks for the equity market. Futures for the Dow Jones Industrial Average ticked down 38 points, or 0.1%. The rally has come despite warnings from some U.S. retailers that consumer spending is weakening. "The New York Fed's latest household survey shows that a record-high share of consumers are saying that it is much harder to obtain credit ... On Monday, new home sales and the latest Dallas Fed Manufacturing Survey are due out.
Persons: Torsten Slok Organizations: Futures, Dow Jones, Nasdaq, Treasury, Black, Apollo Global Management, Dallas Fed Manufacturing Locations: York
Morning Bid: Market bounce sets up Fed-dominated week ahead
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +5 min
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. A worrying late-year stock market unwind is starkest in small-cap indexes (.RUT) now tracking year-to-date losses of some 7% - even as the benchmark S&P500 (.SPX) remains up 7% and Big Tech leaders of the Nasdaq 100 are still 30% (.NDX) higher. Annual earnings growth for S&P500 companies is now expected to have picked up to a 4.3% annual growth rate, according to LSEG estimates, from as low as 1.6% before the reporting season began. But beyond Fed policy rates, it's the restive bond market and near 16-year-high long-term borrowing costs that are starting to hurt most. U.S. 10-year Treasury yields held steady at 4.85% - well below the 5% threshold they breached last week.
Persons: Brendan McDermid, Mike Dolan, keener, Russell, China Evergrande, Simon Property, Louis, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Big Tech, Nasdaq, Tech, Federal Reserve, Detroit's Big, Apple, HSBC HSBA.L, Swiss, Swiss National Bank, Bank of Japan, China, HK, Dallas Fed, Western Digital, FMC, Arista Networks, Arch, Semiconductor, Treasury, Reuters, Louis Fed, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Gaza, London, Europe, Hong Kong, Loews, St
Morning Bid: Too soon to drink to the US debt deal
  + stars: | 2023-05-30 | by ( ) www.reuters.com   time to read: +3 min
More detail and clarity are expected around the tentative agreement in Washington to suspend the $31.4 trillion federal debt ceiling until January 2025 in exchange for caps on spending and cuts in government programmes. In the first trades in U.S. debt markets since the debt ceiling deal, longer-term Treasuries rallied in Asia, driving benchmark 10-year yields down 6 basis points to 3.76%. Asian stocks are up, and futures indicate mild gains for stocks in Europe and the United States, too. Besides the debt deal, there is little else on investors' minds. Earnings : Manchester United, Hewlett-PackardReporting by Vidya Ranganathan; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
It's been a subdued start to a busy week studded with tech earnings and major data from both sides of the Atlantic. Analysts at Wedbush Securities are tipping upside surprises from the tech majors, with an accent on cost cutting and job shedding across the industry. Another risk bubbling away in the background is the U.S. debt ceiling with the House set to vote on the Republican plan to extend the debt limit in exchange for spending cuts. The cost of insuring exposure to U.S. sovereign debt rose to the highest level since 2011 last week. One-year CDS have climbed to around 100 bps, well above the 82 bps seen during the 2011 U.S. sovereign debt downgrade.
New York CNN —With Microsoft, Alphabet, Amazon and Meta Platforms all slated to report earnings this coming week, investors are turning their attention away from bank earnings to Big Tech. Another major theme for tech earnings is the race toward artificial intelligence. Earnings reports from Meta Platforms (META), Boeing (BA) and ServiceNow (NOW). Earnings reports from Amazon (AMZN), MasterCard (MA), T-Mobile (TMUS), Keurig Dr Pepper (KDP) and Capital One (COF). Earnings reports from Exxon Mobil (XOM), Chevron (CVX), Colgate-Palmolive (CL) and New York Community Bancorp (NYCB).
More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.
Morning Bid: Brittle banks find a berth
  + stars: | 2023-03-27 | by ( ) www.reuters.com   time to read: +4 min
With few fresh weekend developments on the European bank stock rigor late last week, European bourses and bank stocks found a level too. Deutsche Bank, whose stock lurched lower on Friday amid fears about rising bank funding costs, regained about 3% on Monday. Deposits at small banks fell by $120 billion in the week to March 15, while borrowing jumped $253 billion. Economists polled by Reuters expect the headline year-on-year inflation rate to have cooled to 7.2% from 8.5% in February. * U.S. Treasury auctions 2-year notes* U.S. corporate earnings: CarnivalReuters GraphicsReuters Graphics Reuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, editing by Ed Osmond, <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.
Morning Bid: Long March ahead
  + stars: | 2023-02-27 | by ( ) www.reuters.com   time to read: +5 min
"If it goes down that road it will come at real costs to China," White House national security adviser Jake Sullivan told CNN. China said on Monday it sought dialogue and peace for Ukraine despite the U.S. warnings. European stocks and U.S. futures recaptured some ground on Monday but the DXY dollar index briefly hit its highest since Jan. 6. The new U.S. interest rate horizon remains jarring, however. Meanwhile, Warren Buffett's Berkshire Hathaway (BRKa.N) on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter.
Morning Bid: This might hurt
  + stars: | 2023-01-30 | by ( ) www.reuters.com   time to read: +3 min
A look at the day ahead in markets from Amanda Cooper, Europe breaking news editor. Big Tech royalty in the form of Apple (AAPL.O), Alphabet (GOOGL.O) and Amazon (AMZN.O) deliver earnings. The S&P itself is heading for a 6.1% rise this month - which would mark its best January since 2019. The first month of the year tends to be one of the strongest anyway, according to Refinitiv data. Even in strong Januarys, such as that of 2019, when the index rose by 7%, 10-year yields fell only 6 bps.
Treasury bonds rise as investors look to Fed meeting
  + stars: | 2023-01-30 | by ( Sophie Kiderlin | ) www.cnbc.com   time to read: +1 min
ET, the yield on the benchmark 10-year Treasury was up by almost two basis points to 3.5366%. The 2-year Treasury yield was trading just over two basis points higher at 4.2279%. U.S. Treasury yields climbed on Monday as investors awaited the start of the Federal Reserve's first meeting of the year on Tuesday and considered the outlook for the economy. Investors awaited the Fed's next meeting, which will conclude with the central bank's latest interest rate decision on Wednesday. On Monday, investors will be following the release of January's Dallas Fed manufacturing index report, which tracks business activity in the region.
Morning Bid: Unstable cable
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +5 min
Supercharging an already rampant U.S. dollar around the globe, the sterling/dollar rate - nicknamed 'cable' by traders - went into virtual freefall at one point early on Monday. The pound's plunge comes ahead big auctions of both long-term and inflation-linked British government bonds this week and increasing liquidity issues in the gilt markets. read moreThe scale of the pound's losses and fiscal fears has many traders speculating about emergency rate rises by the Bank of England. Rate futures now price in a three-quarters-of-a-point hike to 3% on or before the BoE's next meeting on Nov. 2. read moreChina also acted in a different way on Monday to rein in yuan ongoing slump against the dollar.
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