The benchmark U.S. 10-year Treasury yield rose for a third straight day on Wednesday, as drugmakers Pfizer and BioNtech announced positive results for their COVID-19 vaccine in a laboratory test against the new Omicron variant. The companies said a three-shot course of the vaccine was shown to generate a neutralizing effect against the variant.
The Canadian dollar was little
changed against the greenback on Wednesday, holding near its
strongest level in almost three weeks as fears eased about the
economic impact of the Omicron variant and ...
* U.S. warns Russia over Ukraine. * Policy tightening bets to cap gold advance -analyst. * U.S. Treasury yields rise. By Asha Sistla. Gold prices moved in a narrow range on Wednesday, anchored by a retreat in the dollar as investors squared positions in the run-up to U.S. consumer prices data later in the week.
* Gold could trade in $1,770-$1,810 range until Fed meet - analyst. * Platinum could outperform palladium in near-term - ANZ. By Nakul Iyer. Gold prices rose on Wednesday as the dollar and U.S. Treasury yields eased, with investor focus shifting to key inflation data due this week that could influence the Federal Reserve's decision to taper its stimulus at a faster pace.
Japanese government bond prices firmed on Wednesday, turning positive after the results of the Bank of Japan's bond purchase underscored limited selling interest from market players. The market managed to erased the losses made earlier during the session on receding fears about the Omicron variant. The BOJ bought a total of 1.025 trillion yen JGBs on Wednesday.
* Greenback loses ground to yen as Treasury yields ease. * Canadian dollar hits two-week top to U.S. counterpart. * Offshore yuan reaches strongest level since May 2018. By Kevin Buckland.
European stocks could waver at the open, while U.S. stock futures point to extended gains on Wall Street. The dollar strengthens against the euro and yen. Oil is mixed and gold prices are down.
Gold prices rose slightly on Wednesday as U.S. Treasury yields eased from their recent highs, reducing the metal's opportunity cost, while investors looked ahead to key inflation data that could settle the course of interest rates. FUNDAMENTALS. * Spot gold rose 0.1% to $1,785.48 per ounce by 0029 GMT.
The Canadian dollar strengthened
to a two-week high against its U.S. counterpart on Tuesday as
concern about the economic threat of the Omicron coronavirus
variant receded and data showed Canada ...
The benchmark U.S. 10-year Treasury yield rose for a second consecutive day on Tuesday as concerns over the newly discovered Omicron COVID-19 variant continued to wane and boosted risk appetite. British drugmaker GSK said on Tuesday its antibody-based COVID-19 therapy with U.S. partner Vir
Biotechnology (VIR) is effective against all mutations of the variant, citing new data from early-stage studies.
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