Most European and emerging-market stocks rose, while Treasuries and German bunds fell with the yen before reports that may signal the U.S. economic recovery is gathering pace. Copper climbed after an earthquake and tsunami in Chile, the world's largest producer of the metal.
The Stoxx Europe 600 Index increased 0.2 percent by 8:21 a.m. in London, with twice as many shares gaining as falling. The MSCI Emerging Markets Index erased most of this year's drop.
Futures on the Standard & Poor's 500 Index added 0.1 percent. U.S. 10-year Treasury yields rose a second day while rates on similar duration bunds increased two basis points and the cost of insuring Asian bonds fell. The ruble tumbled 0.8 percent and New Zealand's dollar weakened 0.4 percent versus the dollar. Copper rose 0.4 percent
The S&P 500 closed at a record overnight as manufacturing indexes and vehicle-sales data signaled growth may be quickening in the world's largest economy ahead of employment reports that start today. A measure of U.K. home prices is due today and European Union finance ministers meet in Athens before the European Central Bank decides monetary policy tomorrow. At least five people died as a magnitude 8.2 earthquake off the coast of Chile sent tsunamis toward the Pacific coasts of Central and South America.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities.
Opinions are the authors — not necessarily OANDA’s, its officers or directors. OANDA’s Terms of Use and Privacy Policy apply. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Recommended Content
Editors’ Picks
EUR/USD declines below 1.0700 as USD recovery continues
EUR/USD lost its traction and declined below 1.0700 after spending the first half of the day in a tight channel. The US Dollar extends its recovery following the strong Unit Labor Costs data and weighs on the pair ahead of Friday's jobs report.
GBP/USD struggles to hold above 1.2500
GBP/USD turned south and dropped below 1.2500 in the American session on Thursday. The US Dollar continues to push higher following the Fed-inspired decline on Wednesday and doesn't allow the pair to regain its traction.
Gold slumps below $2,300 as US yields rebound
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.