From Nasdaq:

Nasdaq’s IR team reports a positive economic outlook, with mid-cycle rate cuts and dovish central banks creating a favorable environment for risk assets according to Barclays. Deutsche Bank notes decreased expectations for Fed and ECB rate cuts. BofA’s Michael Hartnett highlights global central bank rate cuts and the current market climate.

A Deutsche Bank investor survey shows concerns about inflation risk amid optimism for the economy. CNBC reports the 10YR yield remains above 4%, with equities sensitive to interest rates at record levels. Analyst Michael Kantrowitz warns that higher rates pose a threat to sustained stock market growth.

Oppenheimer Asset Management notes a monthly gain in the leading economic index. Goldman Sachs Global Investment Research points to rich valuations and a divided market. Strong durable goods data and mixed market performance are highlighted with equities and gold rising, dollar and oil falling, and Treasury yields mixed, according to key takeaways.

In macro and corporate news, concerns arise over China’s manufacturing drive impacting US inflation, the Bank of Japan’s dovishness, and the likelihood of the BOE initiating rate cuts. The US faces potential economic shocks as debt rises, while hedge funds shift focus to Europe. Employment levels and consumer sentiment trends globally are also monitored closely.

In energy news, Bloomberg highlights rising summer pump prices in the US, record-high oil production, and the impact of sanctions on Russian and Venezuelan crude shipments. India increases purchases of US crude amid tightening sanctions. Additionally, market updates cover various industries, from tech IPOs to cocoa prices, Tesla’s driver-assist trial offer, and Boeing’s potential CEO search.



Read more at Nasdaq:: Equities’ Sensitivity to Interest Rates Is Near Record Levels