Wake Up Wall Street (SPY) (QQQ): More pain for markets as sterling collapses and yields continue to rise
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get Premium without limits for only $9.99 for the first month
Access all our articles, insights, and analysts.
UNLOCK OFFERHere is what you need to know on Monday, September 26:
Equity markets are set for more losses at the open on Monday as risk appetites continue to suffer. Overnight we had some truly incredible moves in sterling as it collapsed in Asian trading. It has since recovered to near unchanged, but the nervousness has permeated through all asset classes. One offset of the sterling weakness is more advances in global bond yields, which will not help equities. The dollar is once again the king at 113.17. Oil is now at $78.40, while Gold is flat at $1,646. Bitcoin continues to outperform and is at $19,000, up 1%.
European markets are mixed Eurostoxx flat, FTSE -0.6% and Dax is -0.1%.
US futures are lower: Nasdaq, S&P, and Dow are all -0.5%.
Wall Street top news
Sterling falls sharply overnight, yields rise sharply.
ECB's Lagarde sees more rate hikes.
Wynn Resorts (WYNN) is up on Macau visas returning.
Palantir (PLTR) says Department of Homeland Security renews contract.
Tesla (TSLA): reports of fire at Berlin factory.
Apple (AAPL): Jefferies says iPhone 14 sales lower than last year.
NIO takes stake in Australian lithium firm.
Marsh McLennan (MMC) hires new CEO.
LYFT downgraded by UBS.
Upgrades and downgrades
Source: WSJ.com
Economic releases
Here is what you need to know on Monday, September 26:
Equity markets are set for more losses at the open on Monday as risk appetites continue to suffer. Overnight we had some truly incredible moves in sterling as it collapsed in Asian trading. It has since recovered to near unchanged, but the nervousness has permeated through all asset classes. One offset of the sterling weakness is more advances in global bond yields, which will not help equities. The dollar is once again the king at 113.17. Oil is now at $78.40, while Gold is flat at $1,646. Bitcoin continues to outperform and is at $19,000, up 1%.
European markets are mixed Eurostoxx flat, FTSE -0.6% and Dax is -0.1%.
US futures are lower: Nasdaq, S&P, and Dow are all -0.5%.
Wall Street top news
Sterling falls sharply overnight, yields rise sharply.
ECB's Lagarde sees more rate hikes.
Wynn Resorts (WYNN) is up on Macau visas returning.
Palantir (PLTR) says Department of Homeland Security renews contract.
Tesla (TSLA): reports of fire at Berlin factory.
Apple (AAPL): Jefferies says iPhone 14 sales lower than last year.
NIO takes stake in Australian lithium firm.
Marsh McLennan (MMC) hires new CEO.
LYFT downgraded by UBS.
Upgrades and downgrades
Source: WSJ.com
Economic releases
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.