- S&P 500 Futures struggle to tame bears amid mixed clues.
- Australia’s largest state by population eases virus-led restrictions.
- Geopolitical risks, mixed comments from the Fed and vaccine optimism also confuse traders.
S&P 500 Futures hold 3,900, currently up 0.07% around 3,903, during the early Wednesday. In doing so, the risk barometer jostles with the mixed headlines that fail to bear the US bond bears.
US 10-year Treasury yield drops to the fresh low since March 16 while printing three basis points (bps) of intraday loss to 1.60% by the press time. On the other hand, stocks in Asia-Pacific currently trades mixed while Wall Street painted red the previous day.
Mixed signals from Fed policymakers and extension of the virus-led lockdowns in Europe have been major reasons for the risk-off. The same ignores the latest updates suggesting the ease of the covid-led activity restriction in Asia and vaccine optimism at the US and European Union (EU).
However, geopolitical challenges emanating from North Korea and China have been challenging the mood while US Treasury Secretary Janet Yellen’s cautious optimism fails to entertain market players amid a light calendar.
Moving on, US Durable Goods Orders for February and Fed Chairman Jerome Powell’s second innings in Congress will be the key. However, the US Treasury yields will be in the spotlight amid chatters of another fiscal stimulus from the Biden administration.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.