U.S. stock futures rise as falling oil prices and Treasury yields ease market pressure
U.S. stock futures rise as oil prices and U.S. 10-year Treasury yields retreat from recent highs as the market awaits inflation data.
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U.S. stock futures rise as oil prices and U.S. 10-year Treasury yields retreat from recent highs as the market awaits inflation data.
Barclays says persistently rising bond yields have pushed the relative appeal of stocks close to a multi-decade low, with U.S. stocks nearing a “tipping point.” The bank continues to maintain an overweight rating on equities but expects volatility to persist ahead of the third-quarter earnings season.
US gasoline prices continue to rise, with a Monster survey showing that 65%of prospective job switchers are prioritizing lower commuting costs, higher pay, or remote work.
PANews, citing sources, reported that U.S. and Iranian negotiators discussed a phased end to the conflict, potentially involving the reopening of the Strait of Hormuz; the number of bulk commodity vessels passing through the strait on Wednesday was 10 vessels.
PANews’ morning brief says that stronger U.S. PMI heightened rate-hike expectations, U.S. stocks fell, U.S. Treasury yields and oil prices rose, and AI agents affected online intermediary platforms.
Iran's Fars News Agency, citing sources, said that Reuters and Kyodo News reports concerning the reopening of the Strait of Hormuz are unreliable and untrue.