| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3907 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A |
World markets rally into Fed Chair Powell's confirmation The global equity markets are extending Monday's late day rebound. S&P Futures are up about 22 points to trade around the 4684 area. The market traded in a tight range during the Asian hours, putting in the low print of 4653.25 toward the end of the session. European markets sparked a leg higher, pushing the Spoos to trade just off the high print of 4688.25. In Asia, both China and Japan closed lower. The Shanghai slipped with COVID-19 cases rising within the region. This is troubling ahead of the Olympics starting next month. In Japan, traders came back from an extended weekend to see the Nikkei fall nearly 1%. The yen's strength in the prior session led to weakness in equities. In Europe, the major bourses are rising. A portion of the move can be attributed to the bounce off Monday's lows in the US after these markets were closed. Crude oil's 1.5% gain this morning is helping energy names, BP and Royal Dutch Shell, witness gains of around 1%. |