Posts

Showing posts with the label us treasuries

Sensex, Nifty wipe out weekly loss. But can this fragile rally survive Trump tariff tornado?

Image
[hfe_template id='11223'] [ad_1] Clawing back almost all the ground lost during the tumultuous week, the Sensex on Friday surged up to about 1,500 points while Nifty came close to crossing the 22,900-level in a short-covering rally in which traders adjusted their portfolios to play catch-up with global markets after Thursday’s market holiday. The trigger? US President Donald Trump’s abrupt pause on his April 2 tariff salvo—a move that came not from diplomatic benevolence, but, as market veterans point out, from the fury of the bond market. A massive selloff in US Treasuries this week pushed the 10-year yield to a precarious 4.5%, forcing the White House to blink. Trump’s backpedaling was pitched as a negotiation window, but most saw it as a desperate act to placate Wall Street. The rally was dramatic, but the question haunting every investor’s screen now is: can this momentum sustain, or was this just a classic bear market head-fake? Street View “The gap up opening in th...

Asian stocks under pressure on last trading day of 2024

Image
[hfe_template id='11223'] [ad_1] Asian shares are under pressure on the last trading day of the year, after weakness in the technology sector extended losses on Wall Street for a third session. Australian stocks fell about 0.7% in early trade Tuesday, with futures also pointing to a downbeat open in Hong Kong. A gauge of regional equities is set for its first quarterly loss this year. US contracts edged lower in Asia, following declines for both the S&P 500 and the Nasdaq 100. The Bloomberg Dollar Spot Index was steady and on track for its best year since 2015. Several Asian markets are either shut or open for half day Tuesday, while those in Japan are closed from Tuesday through Jan. 6. The cautious tone partly reflects lingering concerns about the stamina of Wall Street’s rally this year that was predominantly driven by the so-called Magnificent Seven cohort of US tech giants. It’s also an indication of uncertainties facing investors in 2025, ranging from President...