Opening Bell: Reflation Trade Returns After Best Half In 23 Years; USD Gains – Investing.com
Opening Bell: Reflation Trade Returns After Best Half In 23 Years; USD Gains – Investing.com
US stocks seal longest quarterly gains since 2017
Oil reaches highest since 2018
Bitcoin continues to slide
Key Events
US futures on the , , and and European shares advanced in trading on Thursday ahead of Friday’s monthly , a key economic release amid the Federal Reserve's shift on the path towards tighter monetary policy. Asian stocks closed lower on new COVID-19 outbreaks in the region.
The oil price rally continues.
Global Financial AffairsUS contracts climbed ahead of today's which, along with tomorrow's nonfarm payrolls data generally has some of the strongest impact on markets every month, but which is particularly significant currently given rising and the Fed’s timeline for higher interest rates is driving markets.
In yesterday’s we said that growth stocks, including those in the technology sector, were driving markets. However, a snapshot of US futures today shows that the reflation trade is back in vogue.
Value shares such as those listed on the —which outperformed yesterday—compared to the tech-heavy , which was the only major US index to close in the red on Wednesday, and the , whose futures contract is now outperforming those on the NASDAQ 2:1 are driving today's gains.
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