US shares are set to close down, with investors wary of weekend geopolitical developments. Iron ore falls. Oil reaches for $US93 a barrel. Gold extends rally.
US shares were set to end the final session of the week lower, with investors wary of being caught by any potential weekend developments inTesla -3% Apple -0.7% Amazon -1.8%The local currency slipped lower; the Bloomberg dollar spot index was down 0.2 per cent.
The yield on the US 10-year note was 7 basis points lower to 4.92 per cent at 1.07pm in New York. The two-year was at 5.08 per cent; the 30-year at 5.07 pe rcent.After being spurred to the highest levels since at least 2007 this week, most US government bond yields were lower.took Federal Reserve policymakers to task, saying the US economy is seeing a period of “greater uncertainty” because of a lack of vision from Fed officials.
“That is not how you drive policy and it’s certainly not how you drive policy when the impact of policy happens with a lag,” he said. “This is the first Fed I know that has not gotten it.”said the Fed could done lifting rates. “Fed commentary has all but confirmed that the Fed will stay on hold in November. We shift the last rate hike in our forecast out to December. We think the strong September data keep another hike in play. But it is a close call.
“We’re at the very lower end of this upper trending price channel — it’s going to take a lot to break through that level,” Johnson, senior technical research analyst for the firm, said in an interview. “When you’re this oversold, you’re back to the end of the channel. One doesn’t get hurt falling out of a basement window.”said the S&P 500 “looks unlikely to break 4200 right away, and recent selling pressure should represent an attractive risk/reward opportunity for US risk assets”.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Do not travel’: New warning for Middle EastAustralians have been warned to avoid travel to Lebanon as chaos in the Middle East continues to escalate.
Read more »
Interest rates: Rising Middle East tensions accelerate bond sell-off ahead of FedUS and Australian bond yields soared to a decade high on growing concerns about the Israel-Hamas war spreading, taking the $A close to a one-year low.
Read more »
Protests erupt in Middle East, North Africa after hospital blastProtests have erupted across the Middle East and North Africa after the deadly explosion at the Al-Ahli al-Arabi Hospital in Gaza.
Read more »
Death, fury as Middle East rages against IsraelTwo drones targeted a base in western Iraq used by US forces and one drone targeted a base in northern Iraq, while Israeli forces shot dead two Palestinian teenagers near Ramallah in the West Bank during protests.
Read more »
Middle East 'at the brink': Fresh fears as protests rage after deadly Gaza hospital explosionTensions have intensified following an explosion at a hospital in Gaza, with a United Nations envoy warning the Israel-Hamas conflict has put the Middle East 'at the brink of a deep and dangerous abyss'.
Read more »