Dow futures higher before the holidays, fears of recession in focus by Investing.com


ยฉ Reuters.

By Oliver Gray

Investing.com – US stock futures rose moderately during Sunday evening trading, after the average values โ€‹โ€‹of the main benchmarks reported their third consecutive weekly decline, ending at 16-month lows amid growing fears that the aggressive rise in interest rates The Federal Reserve will push the economy into recession.

By 18:45 ET (22:45 GMT) they were up 0.4%, up 0.6% and up 1%.

Next week, market participants will closely monitor the performances of several Fed employees after Gove. Christopher said on Saturday that he supported another 75-point increase in interest rates at the Fed’s meeting in late July. Fed Chairman Powell will face the Senate Banking Committee on Wednesday and the House Financial Services Commission on Thursday.

On the data front, market participants will also monitor home sales, flash S&P Global (NYSE ๐Ÿ™‚ and PMI, as well as the finals. US stock and bond markets will remain closed on Monday for the June 10 holiday.

In cryptocurrency markets, the price returned above $ 20,000 on Sunday after falling below $ 17,600 on Saturday to report new 18-month lows.

During the session on Friday the decline by 29.3 points or 0.1% to 29,888.8, the added 8.1 points or 0.2% to 3,674.9 and the increase by 152.3 points or 1.4% up to 10,798.4.

The yield on bond markets was 3.231%.

Related Posts

Leave a Reply

Your email address will not be published.