Stocks on global indexes mostly edged higher in volatile trading on Monday, extending last week's sharp gains, while oil prices and Treasury yields rose. Oil was up following last week's rout, with investors still weighing worries over an economic slowdown against concern over lost Russian supply amid sanctions related to the conflict in Ukraine.
* Russia slips into sovereign default zone after deadline passes. * G7 unveils latest sanctions package against Moscow. * Rouble loses 2% vs dollar in early trade, pares losses to gain. * Russia's OFZ treasury bond yields at lowest since early 2022. * This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.
Shares rose broadly across Asia on Monday, building on morning gains and a Friday Wall Street rebound as sentiment improved and oil prices steadied, tempering fears of prolonged inflation. Treasury yields remained subdued and the dollar hovered near the lowest in more than a week as investors continued to assess the outlook for U.S. rate hikes, and the potential for a recession.
The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring market moves and data to gauge whether the world economy is headed for recession. Business activity is slowing, many stock indexes are in "bear" territory, while higher borrowing costs are squeezing corporate and consumer spending.
U.S. stocks ended a volatile trading session slightly lower on Monday after posting sharp gains the week before, while oil prices and Treasury yields rose. Oil climbed following last week's rout, as the Group of Seven nations promised to tighten the squeeze on Russia's finances with new sanctions that include a plan to cap the price of Russian oil.
* S&P 500 has biggest daily pct gain since May 2020. * Copper falls again, oil ends higher. * Treasury yields edge up. By Caroline Valetkevitch. Stocks on global markets rallied on Friday and registered strong gains for the week as a recent slide in commodity prices eased worries about inflation and the rate hike outlook.
Speculators trimmed their net
bearish bets on U.S. Treasury five-year note futures to their
lowest since September 2021 in the latest week, but increased
bearish bets in other parts of the curve, ...
Speculators trimmed their net bearish bets on U.S. Treasury five-year note futures to their lowest since September 2021 in the latest week, but increased bearish bets across the rest of the curve, Commodity Futures Trading Commission data showed on Friday.
U.S. Treasury yields rose from
two-week lows on Friday as investors weighed the likelihood that
the Federal Reserve will spark an economic downturn as it
aggressively hikes interest rates in a bid to ...
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