G20 Summit, Will Markets Rally?

Will this G20 summit makes markets rally?

The S&P500 headed for its best month since January after stocks halted four days of declines as trade optimism reigned ahead of USA – China talks at the G20 conference this weekend in Japan.

Banks led gains on the day and energy producers fell as oil hovered just under $60 a barrel.

The 10-year Treasury yield slipped below 2.02%, with Goldman Sachs Group Inc. cutting its year-end forecast for the rate to 1.75%, matching JPMorgan Chase & Co.’s call from May 31. The yield has plunged from 2.4% at the end of the first quarter. The two-year rate hit 1.74%.

The Saturday sit-down between President Donald Trump and Xi in Japan looms as a key event for the markets. Investors are keeping an eye on monetary policy and expectations central banks will cut rates to counter signs of a slowing global economy.

“Investors need to be sensitive to this rally, that it’s not driven by corporate fundamentals or better economic data,” Deepak Puri, Americas CIO at Deutsche Bank Wealth Management, said in an interview at Bloomberg’s New York headquarters. “It’s purely driven by two things: one is the Fed and ECB, the global concerted effort to go on an easing cycle. And second, with this near-term resolution on trade, which they might be up for disappointment because we don’t expect the G-20 summit to bring anything materially different than a handshake and a continuation of talks.”

 

 

Discover more about online trading and how to gain profit through the market following our free courses here.

 

 

Source: Bloomberg L.P.

 

Read more…

Facebook Libra Cryiptocurrency Presentation Due Today, What To Expect?

Bitcoin Traded Above $11000

NASDAQ 100: Waiting The Fed Meeting, Investors Bet On Interest Rates Cuts

OPEC Meeting, Slow Growth On 2nd Quarter

Nasdaq Today Signals
by
June 28, 2019
Check our free signals

Follow Us


Contact UsTerms and ConditionsPrivacy Policy

The information and content held within this website has been created by Broker Academy Online and are for educational purposes only. Trading online activities offer no guarantee of earnings. There are many factors including general economic conditions that can have an impact on your investment and past results are not indicative of the future. Trading online can put your money in jeopardy, as the financial or stock markets can move quickly and go up and down against your investment. Invest with capital which is reasonable to you as the investment may fail meaning you lose it plus have to pay additional money.