Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 8
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Stock Market»Dollar droops with US yields, stocks mixed amid rates, election risks | The Mighty 790 KFGO
    Stock Market

    Dollar droops with US yields, stocks mixed amid rates, election risks | The Mighty 790 KFGO

    October 25, 20243 Mins Read


    By Kevin Buckland

    TOKYO (Reuters) – The dollar was on the defensive on Friday following its biggest drop in a month against major peers, as it tracked a retreat in U.S. yields from nearly three-month highs after depressed Treasury prices drew buyers.

    Asian stocks were mixed, with some markets tracking Wall Street gains from overnight, while Japan’s Nikkei struggled after the yen rebounded strongly from a three-week trough to the dollar.

    Hong Kong’s Hang Seng rose while mainland blue chips were flat.

    For the week though, the dollar was set for a fourth straight weekly rise and the 10-year Treasury yield for a sixth, driven by a run of robust U.S. economic data that signals a very patient approach to Federal Reserve interest rate cuts.

    Surging bond yields have spooked stock investors, putting the MSCI world equities index on track for a 1.2% slide this week.

    Crude oil is set for a weekly advance amid simmering risks to output from the conflict in the Middle East. Safe-haven gold is headed for a third winning week.

    The Nikkei sank 1% as of 0154 GMT, while the Hang Seng gained 0.5%. Mainland blue chips were flat. Taiwan’s benchmark rose 0.5%.

    In Japan, an election on Sunday may see the ruling coalition lose its parliamentary majority, with the potential political instability adding another weight on the stock market there.

    A parade of potentially pivotal events begin next week with the monthly U.S. payrolls report on Friday. The U.S. presidential election follows on Nov. 5, with a Fed policy decision two days later.

    Earnings reports are also due from such mega-cap tech names as Alphabet, Amazon, Apple, Meta, and Microsoft.

    “There remains a degree of caution in the markets, with the performance of equities mixed due to the combination of macroeconomic, earnings and political risk on the horizon,” said Kyle Rodda, senior financial market analyst at Capital.com.

    In terms of economic data overnight though, “the narrative was a positive one and opened up the room for a touch of risk-taking,” Rodda said.

    Weekly data showed an unexpected drop in new applications for U.S. unemployment aid overnight.

    A much stronger-than-expected payrolls report for September was the catalyst for a repricing of the Fed’s rate-cutting path since the start of this month.

    The 10-year Treasury yield ticked down to 4.1918% on Friday, following a four basis-point slide in the previous session. It touched a three-month top of 4.26% on Wednesday.

    The dollar index, which measures the currency against six major peers, was little changed at 104.06 after retreating from Wednesday’s three-month peak of 104.57. For the week though, it has advanced 0.56%.

    The dollar was flat at 151.835 yen, and the euro edged down 0.04% to $1.082325.

    A rise in speculation of a Donald Trump win in some betting markets has supported U.S. yields and the dollar in recent days, due to the Republican candidate’s inflationary tax and tariff policies.

    Gold eased slightly on Friday to $2,729 per ounce, but was on track to rise 0.22% this week.

    Brent crude futures climbed 0.6% to $74.83 a barrel, while U.S. West Texas Intermediate crude was up 0.6% at $70.62 a barrel.

    (Reporting by Kevin Buckland; Editing by Sonali Paul)



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleThe CCS imperative: Enhancing capacity to mitigate upstream emissions in Asia-Pacific
    Next Article flounders around $67k amid weak sentiment, altcoins losses By Investing.com

    Related Posts

    Stock Market

    Stock Market Today: Dow Sinks 500 Points; Trump Announces 25% Tariffs on Japan, South Korea — Live Updates – WSJ

    July 7, 2025
    Stock Market

    US Stock Markets Live: Dow Jones, Nasdaq, and S&P 500 decline in today’s session

    July 7, 2025
    Stock Market

    Dow, S&P 500, Nasdaq futures fall as Trump warns of 10% BRICS tariff, deals deadline looms

    July 7, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Fidelity: Gold Passing Baton à Bitcoin

    May 17, 2025
    Bitcoin

    quelle stratégie après les annonces de Trump sur les droits de douane ?

    April 4, 2025
    Commodities

    European Shares Dip As Tech And Commodities Weigh On Markets

    July 19, 2024
    What's Hot

    ‘Shameful’: China woman buys flat for old professor she cares for, family claims property

    March 27, 2025

    Property prices: Britons told cheapest UK region to buy a home

    July 22, 2024

    Bitcoin Price Suddenly Soars Over $60,000 After Trump Assassination Attempt Sends His Odds Of Victory To All-Time High

    July 14, 2024
    Most Popular

    What happened when this US couple moved to Greece in their 70s

    July 31, 2024

    BBB shares how to stay safe from utility impostor scams

    August 8, 2024

    Visma eyeing up London for stock market debut – report

    June 26, 2025
    Editor's Picks

    YPA Cafecito: Emerging Models and Perspectives of Impact Investing in Latin America

    August 26, 2024

    Robbie MacDonald named IQUW Head of Property

    July 23, 2024

    UK investment volume in Q2 propelled by Livin…

    July 17, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.