US stock futures rose as tech stocks climbed and investors awaited trading cues in a busy week with policy decisions due from the Federal Reserve and Japan.
While Fed Chairman Jerome Powell indicated the central bank was close to having the confidence to cut, bond traders appear to have painfully surrendered to a higher-for-longer reality. The 10-year Treasury yield held near a three-week high on Monday, having risen more than 20 basis points last week. A gauge of the dollar was steady.
Priced in In Japan, the Nikkei 225 index climbed the most in a month and the yen traded weaker against the dollar, amid signs markets have priced in the potential for an interest-rate increase.
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Source: Fin24 - 🏆 21. / 63 Read more »