Futures start year on the right foot
Jan. 2, 2018 7:08 AM ET|By: Yoel Minkoff, SA News Editor
Following steep price increases across equities last year, U.S. stock index futures are inching higher ahead of the first trading day of 2018.
Many investors are confident the yearslong market rally can continue amid a strengthening economy, corporate earnings growth and the U.S. tax overhaul.
Oil is starting the year above $60/bbl, while the dollar continues to sag. Gold is 0.2% higher at $1312/ounce and the 10-year Treasury yield is up 2 bps to 2.43%.
Market is now saying first rate hike of 2018 occurs in March (to 1.50%-1.75%) and 2nd rate hike occurs in June (to 1.75%-2.0%). Last week expectations for 2nd rate hike were for September.
Users browsing this forum: No registered users and 6 guests
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum