Risk assets are rebounding from a selloff, but bonds are still struggling. The dollar is down as investors await the ADP jobs report and Fed news. Russia and the U.S. failed to reach a peace deal for Ukraine. There’s a global memory chip shortage, and China aims for 5% economic growth next year. Benchmark U.S. natural gas prices are rallying, impacting coal use.
The recent market selloff seems to be a blip as risk assets recover. S&P 500 rose after Monday’s drop, and Bitcoin is up but still below peak. Treasury yields are up, Fed focus continues, and Trump delays Fed chair announcement. Economic data and geopolitics are in the spotlight, with attention on Ukraine peace talks and Russian gas imports.
Investors are closely watching Fed news and potential rate cuts. Focus is on economic data like the ADP jobs report and ISM services PMI. Geopolitical tensions, including Ukraine peace talks and Russian gas imports, are impacting markets. The market is also keeping an eye on the potential Fed chair nominee and how it may affect the dollar.
Read more at Yahoo Finance: Just a blip for risk assets, more Fed pain for the dollar
