2h ago
Nasdaq 100 futures rise 0.56% as Hormuz reopening hopes and softer oil lift U.S. premarket
U.S. stock index futures climbed premarket, with Nasdaq 100 futures up 0.56% and S&P 500 futures gaining 0.28%. Oil prices pulled back from recent highs after reports said the U.S. and Iran were exploring a phased reopening of the Strait of Hormuz, easing inflation concerns. Asian markets were mixed, with Japan’s Nikkei 225 up 1.3% while Australia’s S&P/ASX 200 fell 0.43% and Hong Kong’s Hang Seng slid 1.21% late in the session. The U.S. 10-year Treasury yield rose to 5.225%, its highest since 2007, and markets priced roughly a 68% chance of an October rate hike.
2h ago
4h ago
Finder survey: nearly half of economists see two RBA hikes before Christmas, cash rate tipped at 4.85%
A Finder survey shows 90% of polled economists and finance experts expect the Reserve Bank of Australia to lift the cash rate by 25 basis points to 4.6% at its upcoming meeting. Nearly half also forecast a second hike before year-end, which would take the cash rate to 4.85%, the highest level since the peak of the 2008 global financial crisis. Markets are also pricing in two increases by early next year, with a 90% probability of a move to 4.6% on Tuesday.
4h ago