Opening Bell: US Futures, Stocks Pause; Treasuries, Dollar Slide | investing.com – Investing.com

SourceInvesting.com
SectorFinancial Markets
CountryMiddle east

Global stocks hover around record highs
Yields and dollar weaker
Bitcoin rallies
Key Events

Falling yields dragged the dollar lower ahead of tomorrow’s US report, a possible leading indicator on the path of interest rates. Futures on the , , and wavered in pre-US open trading on Wednesday as markets tread water ahead of the key economic indicator.

Oil demand improves, pushing prices nearer to 3-year highs.

Global Financial Affairs

US futures and European stocks, including the were in a holding pattern, with traders fingers hovering above order buttons.

Yields on the Treasury fell sharply toward the 1.5% mark.

A report showing rising inflation may be the last straw before rates complete a bearish pattern—a Descending Triangle, whose implied implication is a drop of 30 basis points to retest 1.20%.

The fell on pessimism, as traders watched falling yields scream rising inflation, which would weaken the American currency’s buying power.

Although the Fed...read more...