U.S. stock futures rise as 10-year Treasury yield slips below 5%

  • U.S. stock futures advanced as lower oil prices improved market sentiment after the Fed's rate hike.
  • 4.950% was the 10-year Treasury yield's level after it previously closed above 5%.
  • The Dow was down 3.2% in September, its weakest start since 2008.

U.S. stock futures advanced and 10-year Treasury yields fell below 5% after the Federal Reserve's rate hike, helped by declining oil prices and improved sentiment. Brent crude extended its decline to around $102 a barrel amid reports of better-than-expected Gulf infrastructure recovery and expectations that higher interest rates will reduce demand. Saudi Arabia aims to restore half the capacity of its East-West pipeline within days, Bloomberg reported, citing an unnamed source. The 10-year Treasury yield fell below 4.950% after closing above 5% for the first time since 2007, while two-year and 30-year yields also retreated. Dow futures rose 1.1%, S&P 500 futures gained 1.15% and Nasdaq futures climbed 1.5%, although the Dow remained down 3.2% for September, its weakest start to the month since 2008. Federal Reserve Chair Kevin Warsh said inflation remained "too high and has been for too long," raising expectations of additional rate increases. Some investors viewed his hawkish stance as supportive of the Fed's inflation-fighting credibility, despite uncertainty about his ability to resist political pressure. European shares rose, led by banks and technology stocks, while Asian markets mostly declined. The dollar weakened slightly but remained near a seven-week high, the yen depreciated, Bitcoin rose 1% above $76,800 and gold climbed above $4,400 a troy ounce. The Bank of England kept its policy rate unchanged, weakening sterling and lifting U.K. government bonds.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。