Stocks Muted Before Data; Japan Bond Yields Climb: Markets Wrap
From Yahoo Finance:
Stocks remained within tight ranges as investors awaited economic data and Federal Reserve commentary to gauge interest rate outlook. Japan’s two-year bond yield rose to a more than decade high. The S&P 500 slipped, while European and Asian shares were mixed. US economic data will be key this week, with markets adjusting expectations for Fed easing. Japan’s bond yield climbed after strong inflation data raised speculation of the Bank of Japan ending its negative-interest-rate policy. Chinese state-backed funds have supported the market with over $57 billion. Shein considers moving IPO from US to London. Treasuries rallied amid heavy corporate issuance.
Elsewhere, Bitcoin rose above $57,000 after MicroStrategy Inc.’s purchases. Brent traded over $82 a barrel, supported by investor demand. Gold steadied near a two-week high. Key events include BOE Governor Andrew Bailey speaking, US data releases, RBNZ policy decision, Eurozone indicators, and G-20 meetings. Stock futures were mixed, Asian markets rose. Dollar fell slightly. Cryptocurrencies also gained. Bonds yields fell slightly. Commodities prices remained stable.
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