Markets

Asian shares advance as U.S. bond yields push dollar higher

Asian shares advance as U.S. bond yields push dollar higher

Stocks have faded over the past few days as bond yields continued to climb.

Any increase in concern should push rate hike prospects out further and the potential for asset purchases to continue until the end of the year.

If 3 % is indeed a line in the sand for equity investors, we should expect increasing sector rotation out of equities into bond markets which should accelerate significantly on the 3% break.

Gold has responded more favorably today due to the fact that lower prices are tempting investors back into the market.

News broke early that Iran's oil minister Bijan Zanganeh said there would be no need to extend a pact between the Organization of the Petroleum Exporting Countries and non-OPEC producers if oil prices strengthened, the ministry's official website SHANA reported. In the minds of analysts who look at market patterns, once the yield breaks much beyond the 3.05 percent, to levels last reached in 2011, that threshold could flip to a floor from a ceiling.

Also, the apparent easing of Russian Federation aluminium sanctions saw the metal fall over 10% in early NY headlines which triggered hard commodities to crumble across the board and dragged oil lower in the wake.

"At least in the currency world, rising yields in the USA severely undermine the appeal of riskier assets, particularly higher-yielding and emerging market currencies", said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington. The yield has climbed on expectations of a steady United States economic expansion, accelerating inflation and concerns about increasing debt supply. However, while traders try to figure out if this current USD dollar rally is " Live or Memorex".

Facebook ad revenues up year-on-year despite data and privacy scandals
Market researcher eMarketer predicted Facebook would take 18 percent of global digital ad revenue in 2018, second only to Google . The platform also enjoyed a 13% increase in monthly active users (2.2 billion), plus daily active users (1.45 billion alike).

In the $14.9 trillion Treasuries market, the benchmark is based on the most recently auctioned 10-year security (known as the "on-the-run").

The Euro and Pound are getting hammered due to an unwinding of consensus positioning. The euro rose to $1.2216 from $1.2205. But make no mistake we are some severe levels as this 1.2200-1.2150 level has held stable dating back to Mid Jan.

"It's a big level in the global marketplace, it's a big psychological level", said Justin Lederer, interest rate strategist with Cantor Fitzgerald in NY. Instead, signs of ebbing economic growth momentum are preying on their minds, alongside higher global borrowing costs that could dent future earnings. -China trade disputes but a tech war following the ZTE ban.

Investors have been selling Treasurys - leading to rising yields- amid expectations of rising inflation; this may encourage the Fed to tighten monetary policy more rapidly.

"The more interesting move is, if we've hit 3 percent, does that open the flood gates?"

"Apart from the supply-demand imbalance, the Ifo survey underscores what we've identified before as a decline in economic sentiment in the euro zone that should support the market indeed", said Commerzbank (Xetra: CBK100 - news) strategist Christoph Rieger.


  • Woman kills husband's mistress then turns gun on herself, police say

    Woman kills husband's mistress then turns gun on herself, police say

    Police say Gerardot, 47, of Wilmington, Del., drove from DE to Radnor before breaking into the residence of Meredith Chapman , 33. Pictured, Delaware couple, Jennair Gerardot and husband, Mark Gerardot and his wife's alleged love rival , Meredith Chapman .
    Palestinians injured by Israeli army on Gaza border

    Palestinians injured by Israeli army on Gaza border

    Batsh's corpse is set to be flown to Egypt later in the day before being transported on to Gaza for burial. A string of Israeli officials have neither confirmed nor denied whether Israel had a hand in the killing.
    Sensex rises over 100 points, Nifty above 10600

    Sensex rises over 100 points, Nifty above 10600

    At the close, the benchmark 30-share index, BSE Sensex gained 165.87 or 0.48% at 34,616.64 with 18 components registering rise. In other Asian markets , Hong Kong's Hang Seng rose 1.20 percent while Japan's Nikkei was up to 0.67 percent in early trade.
  • YouTube Kids app gets three new options for better customization

    YouTube Kids app gets three new options for better customization

    YouTube Kids is a dedicated app from the video network that aims to provide a child friendly experience. But parents started to notice that violent videos were able to pass through its filter , too.
    The flagship OnePlus 6 will boast glass housing

    The flagship OnePlus 6 will boast glass housing

    Similar to a year ago , OnePlus will be offering entry vouchers to OnePlus 6 launch event on its website starting 10 am on May 8. That being said, having a glass body also suggests a wireless charging technology which is something we look forward to.
    Kellyanne Conway Says Melania Is 'Superior' First Lady ... to Michelle Obama

    Kellyanne Conway Says Melania Is 'Superior' First Lady ... to Michelle Obama

    Then, however, she took anchor Dana Bash's question as a major slight that brought family members into politics. He did, however, acknowledge that Conway had a right to fight back when she was asked an unfair question.
  • Meghan performs first Maori hongi at Anzac Day dawn service

    Meghan performs first Maori hongi at Anzac Day dawn service

    Additionally, teen cellist Kanneh-Mason, who won BBC Young Musician 2016, will play after being personally called upon by Meghan . A little less than a month before her royal wedding to Britain's Prince Harry , Meghan Markle has said "I do" - on television.
    Suspect arrested in the shooting of two Dallas police officers

    Suspect arrested in the shooting of two Dallas police officers

    The male officer, 27, who was shot in the head, was being kept alive until his mother arrived at the hospital, sources told WFAA. Describing the incident, Hall said an off-duty officer called police for assistance due to a shoplifting suspect at the store.
    Saints won't match Ravens' offer sheet for Willie Snead

    Saints won't match Ravens' offer sheet for Willie Snead

    That means New Orleans apparently won't match the contract the Baltimore Ravens offered the restricted free agent. However, Snead said he was ready to get to work and was looking forward to facing the Saints in Week 7.
  • Kanye West dishes support for President Trump on Twitter

    Kanye West dishes support for President Trump on Twitter

    He also shared in a follow-up tweet that he loves Hillary Clinton , too, and would never tell a Hillary fan not to support her. Trump and West have an ongoing relationship, with the pair meeting in 2016 while the president was on the campaign trail.
    Arsene Wenger: I want to manage another top European club

    Arsene Wenger: I want to manage another top European club

    Wenger confirmed last week that he was leaving at the end of the season after 22 years in charge of the Premier League giants. He added: "Is there a ideal goodbye?" "My biggest satisfaction would be to be successful with the players we have".
    Declan Rice Error Leads To Sharp Criticism From Manager David Moyes

    Declan Rice Error Leads To Sharp Criticism From Manager David Moyes

    Nacho Monreal volleyed home the opener before Manuel Lanzini teed up Marko Arnautovic to smash home an equaliser for the visitors. David Moyes could not defend the error from Declan Rice which he felt cost West Ham a point at Arsenal on Sunday.