Forums » News and Announcements
500 Futures pare intraday losses as Biden-Putin summit eyed
-
US Treasury yields, S&P 500 Futures pare intraday losses as Biden-Putin summit eyed
Although markets are far from optimistic, headlines from France recently improved risk appetite during a sluggish Asian session on Monday.To get more news about atc brokers review, you can visit wikifx.com official website.
While portraying the mood, the US 10-year Treasury yields stay depressed around 1.92% whereas the S&P 500 Futures reverse early Asian session losses to +0.05% while taking rounds to 4,340-45 of late.
Having witnessed a downbeat start to the week, market sentiment improves on headlines from AFP suggesting that French President Emanuel Macron proposed a summit of US President Joe Biden and his Russian counterpart Vladimir Putin. The news also mentioned that both the parties have accepted the “principle” of a summit.
However, CNN news questions the market’s optimism by saying, “The White House has not confirmed the prospect of Biden/Putin summit.”
It’s worth noting that, a Reuters’ witness earlier mentioned that an explosion was heard in the center of the rebel-held city of Donetsk in eastern Ukraine. That said, the US continues to suggest an imminent Russian military attack on Ukraine even as Moscow rejects the claims. Even so, a diplomatic meeting between US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov is the ray of hope to witness de-escalation of the geopolitical fears.
Elsewhere, Federal Reserve Bank of Chicago President and FOMC member Charles Evans said on Friday that the current Fed policy had been "wrong-footed" in the face of high inflation, but may not need to become restrictive. On the other hand, New York Federal Reserve Bank President John Williams and the No. 2 official on the Fed’s policy-setting panel mentioned, "I don’t see any compelling argument to taking a big step at the beginning."
Although the yields fail to justify risk-off mood, maybe due to hopes of softer Fed rate hikes, the gold prices manage to cheer the rush to risk-safety and renew an eight-month high above $1,900 at the latest.