Opening Bell: Tech Sector Leads US Futures, European Stocks Higher; Oil Up – Investing.com
- Date: 11-Jan-2022
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Opening Bell: Tech Sector Leads US Futures, European Stocks Higher; Oil Up – Investing.com
After a selloff in Asia, futures on the , , and recovered in trading on Tuesday. Now, traders are keenly awaiting today's testimony from Federal Reserve Chairman, —scheduled for mid-morning US time—at the Senate Confirmation hearing for his second term. The expectation is the central bank head might provide some indication on upcoming interest rate hikes.
Yields, which had rallied strongly in recent days, weakened.
All four US contracts were in the green, all between +0.2% and +0.6%. However, in Europe, the Index slipped, having gained over 1% earlier in the session as traders bought the steepest dip in six weeks after the pan-European gauge dropped 1.5% on Monday. The sub-index, which led Monday's selloff, jumped 2.2% this morning.
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