Nasdaq at risk as US credit spreads widen further
Widening US credit spreads signal potential trouble for the Nasdaq, despite recent support from dovish Fed comments.
Widening US credit spreads signal potential trouble for the Nasdaq, despite recent support from dovish Fed comments.
Yields held near 5.28% as the dollar firmed; the euro was hurt by French fiscal concerns, and most European stocks rose.
A clear breakdown of the 'higher for longer' rate outlook and its impact on markets.
Zcash dropped over 20% from its all-time high, driven by $93.6M in ETF outflows and geopolitical tensions.
Euro falls to 17-month low as Spain's political uncertainty adds to French fiscal concerns and higher ECB rates weigh on markets.
Sentix investor confidence for the euro zone fell to 2.7 in October from 5.1, missing forecasts, as expectations dropped 5 points.
Bitcoin ended Friday lower despite a soft NFP report, then recovered over the weekend. Focus remains on US-Iran talks.
ECB's Nagel signals patience on October but leaves door open for a December rate hike.
Eurozone private sector activity hit a 41-month high in September while price pressures intensified further.
European stocks dipped at the open as France's CAC 40 fell 0.9% on budget worries, while bond yields stayed elevated.
Preview of key economic data and central bank events for the week of October 5th-9th.
No significant FX option expiries are near spot levels, leaving trading focused on macro factors and persistently high bond yields after a soft US jobs report.
Gold struggles near $4,140 as bond yields stay high, offsetting a soft US jobs report.
Despite a softer US jobs report, bond yields rebounded quickly, remaining the main market pressure point as traders eye inflation data and fiscal policy.
US 10-year yields above 5% and interest costs over $1 trillion, but 8.5% growth still outruns the 3.4% average debt rate, delaying a debt spiral.