British Pound Futures Market News and Commentary
What you need to know…
After opening higher, the S&P 500 Index ($SPX) (SPY) is now down -0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.71%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.41%.
Stocks fell back from their best levels this morning on hawkish comments from St. Louis Fed President Bullard, who said, "inflation is a serious problem,” and the Fed needs to continue to raise interest rates. Stocks were also under pressure after the 10-year T-note yield today climbed to a new 12-yer high of 3.972%.
U.S. Aug capital goods new orders nondefense ex-aircraft & parts rose +1.3% m/m, stronger than expectations of +0.2% m/m and the biggest increase in 7 months.
The U.S. July S&P CoreLogic composite-20 home price index rose +16.06% y/y, weaker than expectations of +17.05% and the smallest pace of increase in 15 months.
The Conference Board U.S. Sep consumer confidence index rose +4.4 to a 5-month high of 108.0, stronger than expecta... Read more