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Home / Business / Stocks climb globally with dollars; Treasury Drop: Markets Wrap

Stocks climb globally with dollars; Treasury Drop: Markets Wrap



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U.S. Equity futures rose alongside equities in Europe and Asia as traders analyzed the latest Washington trade news and awaited comments from the Federal Reserve chief. Tax capital fell with European government bonds.

The three most important US stock index contracts were acquired with the Stoxx Europe 600, which extended the gains to a high session when Bloomberg reported that Germany was preparing fiscal stimulus to support the economy if needed. Stocks in Hong Kong and China climbed most in Asia, where jumps across the region were aided by news of Beijing's plan to reform the interest rate system and reduce borrowing costs. 10-year interest rates continued to rise from several years of lows reached last week. A dollar meter ticked higher and the pound returned an early rise. Gold fell and hovered back around the $ 1500 level.

Investors started on Monday on a more positive note after a three-week decline in global equities and a series of choppy trading sessions that shook the markets from oil to bonds. When volatility jumps in August, traders will turn to Fed Chairman Jerome Powell's address scheduled at the Kansas Fed's annual Jackson Hole rally on Friday, which will be the key to measuring whether US policy makers will add to July's interest rate cut. [19659005] "This week is an opportunity for special chairman Powell to correct the message and show that they are on one, and that there is a clear view of where the economy is going," Anne Anderson, head of fixed income in Sydney for UBS Asset Management Australia, Bloomberg told TV. "This fear must be arrested."

While White House economic director Larry Kudlow said recent phone calls between US and Chinese trade negotiators had been "positive", President Trump suggested he was not ready to sign an agreement and linked to discussions with Hong Kong and said for the first time on camera that it would be more difficult to reach an agreement if there was a violent conclusion to the protests.

Elsewhere, crude oil was steady following a previous gain following a drone strike on oil and gas facilities in Saudi Arabia that underlined geopolitical risk in the Middle East.

Here are some important events coming up:

The minutes of the Fed's July meeting will provide details of the discussions leading to the first 10-year cut in interest rates when released on Wednesday. On Thursday, Bank Indonesia will host course decision and press conference with Governor Perry Warjiyo. Kansas City Federal Reserve Bank is hosting its annual Central Bank Symposium in Jacks at Hole, Wyoming, starting Thursday. Fed leader Jerome Powell will comment on Friday. Euro area PMI bottles on Thursday.

Here are the key features of the markets:

Stocks

Futures on the S&P 500 index rose 1% per share. 7:02 pm New York time. The Stoxx Europe 600 index climbed 1%. The UK's FTSE 100 index rose 1.1%. Germany's DAX index rose 1.3%. The MSCI Asia Pacific index rose 0.8%.

Currencies [19659014] The Bloomberg Dollar Spot Index rose 0.1%. The euro rose 0.2% to $ 1.1107. The British pound fell 0.2% to $ 1,2124.The Japanese yen depreciated 0.2% to 106.57 per dollar.

Bonds

The 10-year return on tax capacity increased six basis points to 1.61%. The yield on two-year government bonds rose four basis points to 1.51%. Britain's 10-year return gained three basis points to 0.497%. Germany's 10-year return jumped five basis points to -0.64%.

Commodities

Central Texas crude oil reached 0.7% to $ 55.25 per barrel. Gold fell 0.9% to $ 1,500.30 per ounce.

– With help from Adam Haigh.

To contact the reporter about this story: Laura Curtis in London at lcurtis7@bloomberg.net

To contact the editors responsible for this story: Samuel Potter at spotter33 @ bloomberg.net, Todd White

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