Global markets are rallying today, with Asian markets closing on the up and European markets rising on open.
US equities are looking up after a punishing week which saw a major yield curve inversion and continued trade war escalation.
“Although treasury yields are climbing away from record lows on Friday as some tranquility returns to markets, the movements in the bond markets are poised to remain on investors radars in the week ahead,” according to Lukman Otunuga, Senior Research Analyst at FXTM.
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US stocks are set to rally Friday following a week from hell in which global markets tumbled two days in a row.
Global equities have rebounded after a turbulent week for traders. US futures are rising, as are European stocks on opening, while Asian markets have rallied on close.
After Wednesday’s “bloodbath,” where the yield curve inverted and China announced tariff counter measures on the US, markets are set to breathe a sigh of relief.
“In the US, bulls defended the herd yesterday as the Dow and S&P 500 stabilized after Wednesday’s bloodbath,” said Neil Wilson, chief markets analyst at Markets.com in an email. “The tech stocks were bruised on ongoing China fears, however, …read more
Source:: Businessinsider – Finance