Daily digest market movers: Off to a positive start
- Due to the Veterans’ Day bank holiday, expect low volatility and volumes as US bond markets remain closed on Monday.
- All equities are off to a good start this week. European equities are surging over 1%, while US equity futures are in positive territory ahead of the opening bell.
- The CME FedWatch Tool is pricing in another 25 basis points (bps) rate cut by the Fed at the December 18 meeting by 68.5%. A smaller 31.5% chance is for rates to remain unchanged.
- The US 10-year benchmark rate trades at 4.30%, and the bond market remains closed on Monday.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.