He dollar and the performance of the treasury bonds they stayed close to maximums of several months on Monday, due to expectations that the Federal Reserve slows down its pace of easingwhile global stocks were mostly down before Nvidia Publish your results this week.
It is expected that the plans of the president-elect of the United States, donald trumpof reduce taxes and increase tariffs stimulate inflation and reduce the Federal Reserve’s room to lower interest rates.
Higher inflation and higher rates: what the market anticipates
The performance of the bonuses was trading near multi-month highs, bolstered by bets on less aggressive Fed cuts. The return on 10-year benchmark notes stabilized at 4.4256% and that on two-year papers stood at 4.2823% for the last time.
“With changes underway in immigration policy, tariff policy and tax policy, Fed officials will slow down anyway in view of the inflationary impact that these policies pose,” said Thierry Wizman of Macquarie.
The changing outlook on rates and inflation in the United States lifted the dollar to one-year highs last week. The dollar index, which compares the greenback with a basket of six major currencies, was stable at 106.69 unitsnear last week’s high of 107.07.
The pound Sterling was trading at $1.2618, hovering around last week’s six-month low, while the euro was trading at $1.0547.
Global stocks: fall this Monday, November 18
The Global equity markets were trading slightly lower as investors evaluate Trump’s chosen team for his administration and the outlook for monetary policy.
The broadest index of stocks MSCI lost 0.1% and the pan-European STOXX 6000.2%. The main squares of Frankfurt, London and Paris They declined between 0.1% and 0.2%.
In Wall Streetthe futures of Nasdaq gained 0.5% after declining for five consecutive days last week, and the S&P 500 rose 0.1% before Nvidia release its highly anticipated quarterly results on Wednesday.
The broadest index of MSCI of Asia-Pacific shares excluding Japan advanced 0.2% and the Japanese Nikkei 225 fell 1.1%, weighed down by the decline in technology stocks.
He yen It fell slightly to 154.61 units per dollar, accumulating a loss of 7% since October and keeping operators on alert for any intervention by the Japanese authorities.
Source: Ambito
