Investing.com – Here are the top five things you need to know in financial markets Friday 29th. March:
1. US shares state best quarterly performance since 2009
U.S. futures pointed to a higher open on Friday on track for gains of more than 12% in the first three months of the year in what will be the best quarterly performance since 2009.
Traders seemed to show optimism over the latest developments in trade negotiations between the US and China, while a strong pricing in Lyft's stock market debut gave the impression that demand for equities is still solid stateide. At 5:55 am ET (9:55 GMT), the blueprint was 46 points, or 0.2%, increasing 4 points, or 0.1
The end of The first quarter on a positive note can overshadow the latest discomfort caused by the sharp decline in bond yields over the past 10 days.
The 10-year US bond yield jumped slightly on Friday, rising to 2.41% at 5:56 ET (9:56 GMT) from a 15-month low of 2.35% reaching a day earlier. The yield on the US benchmark has undergone a relentless fall since the Federal Reserve last year cut its growth forecast for the year and suggested it did not expect to raise interest rates until 2020 too early.
2. US China has "productive work dinner" on trade negotiations
U.S. Treasury Secretary Steven Mnuchin said on Friday that he had a "" last night in Beijing, kicked off a day of talks to resolve the trade dispute between the world's two largest economies.
Mnuchin and US Trade Representative Robert Lighthizer held meetings in Beijing on Friday to ensure that there were no disagreements in the English and Chinese language versions of the text, and also to balance the number of work visits on each capital, according to.
The lectures are scheduled to continue with Chinese Vice President Liu Han in Washington next week. President Donald Trump's top economic advisor Larry Kudlow told reporters on Thursday that a deal could still take months to complete.
3. Lift 's $ 24 billion IPO sets the stage for Uber, Pinterest
Lift (NASDAQ 🙂 was in the first original public offering. an increase of 32.5 million shares at $ 72 per share, the top of the already increased price range, suggesting strong demand for the deal.
High demand for what will be the largest US IPO since Snap in 2017 should bode well for Uber and Pinterest, which are also planning to become public in 2019, but such as Lyft, has not yet made a profit. For what it's worth, Snap is down around 60% from the IPO award.
Read more: – Haris Anwar
4. New home market is expected to bounce in the midst of the flood of US economic data
The parade of housing numbers continues on Friday with the latest at 10:00 ET (14:00 GMT). On average, economists predict that the new home in February began to rise 1.3% at an annual rate of 620,000, according to forecasts prepared by Investing.com.
Within the clock, the Agency for Economic Analysis will report personal income and expenditure figures at 8:30 ET. That report also comes with the Federal Reserve's favorite inflation gauge, albeit from back in January.
for February, it is expected to have increased 0.3%, while it will be reported in January, it is also expected to increase by 0.3%.
The inflation measure, which excludes food and energy, is expected to have risen by 0.2% in January, with an annual rate of 1.9%.
The consumer will also be in focus when the University of Michigan issues its final goal on March at 10:00 am (15:00 GMT).
It (PMI), which gives investors insight into the production in the Midwest, comes out at 9:45 ET (13:45 GMT).
5. Pound under pressure in front of the third test on Brexit vote
against and on Friday before another British vote on Britain's departure from the EU.
The British House is set to vote once again on Prime Minister Theresa Mai's twice defeated revocation agreement later on Friday, but the initiative seems doomed to fail, lacking support for the Northern Ireland Irish party that Conservatives may depend on, and of hard conservative brexiteers themselves.
The most likely result of the bill Failure is that May will ask the EU for a longer extension of the Brexit deadline on April 12, and accept that this will mean participating in EU parliamentary elections in May. It is not clear that unanimous support is needed among EU governments for extension, so a "Hard Brexit" on April 12 remains the standard scenario.