Dow futures hold firm as Fed rallies: Boeing on track with hopes of trade disputes

Tuesday market minute

  • Global stocks climb to new all-time highs, while European stocks hit their longest winning streak in two years as improved growth prospects, dovish central banks and low volatility propel markets.
  • The Bank of America survey of fund managers suggests that 72% think inflationary pressures are transitory, and nearly two-thirds don’t expect any downsizing from the Fed until September.
  • Yields on benchmark 10-year notes are up, to 1.491%, while the dollar index gains 0.05% to 90.593 ahead of tomorrow’s Fed statement.
  • Bitcoin has earnings above the $ 40,000 mark following comments from Tesla CEO Elon Musk saying that it could resume accepting the cryptocurrency as payment if miners improve their clean energy mix.
  • CDC data shows that 145 million Americans have been fully vaccinated against the coronavirus, with about 310.6 million doses administered as of Monday.
  • US equity futures suggest a modestly firmer open on Wall Street ahead of May retail sales data at 8:30 AM ET.

US stock futures rose on Tuesday, while the dollar held at multi-week highs against its global currency pairs and oil prices extended recent gains as investors kept market risk bets in check earlier. from the start of the Federal Reserve’s two-day policy meeting.

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