Opening Bell: US Futures, Stocks Pause; Treasuries, Dollar Slide | –
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 more...