Brown Brothers Harriman’s Elias Haddad notes the recent US Dollar rally and bond selloff have stalled as FOMC officials temper expectations for an October rate hike.
Deutsche Bank’s Jim Reid notes that global equities, including the S&P 500, held up well despite a notable rise in bond yields and hawkish rate expectations. The S&P 500 gained over 1% on the week and remains close to record highs, supported by optimism on growth and strong PMI data.
Dow Jones futures gain by 0.14% to trade near 51,790 during European hours on Friday. Meanwhile, S&P 500 futures rise by 0.33% to trade around 7,780, while Nasdaq 100 futures advance 0.34% to trade near 30,870.