Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

S&P Futures Drop As Global Market Rally Pauses; Dollar Rises On Rate Hike Concerns

Thursday, March 2, 2017 9:25
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

zerohedge.com / by Tyler Durden / Mar 2, 2017

The relentless risk rally which took the Dow above 21,000 and the S&P over 2,400, has taken a breather overnight, with S&P futures modestly lower tracking European stocks, while Asian stocks advanced on US momentum; late Wednesday comments by a unexpectedly hawkish Lael Braniard has pushed the dollar higher, pressuring oil lower.

Fed Governor Lael Brainard said late Wednesday it will probably be “appropriate soon to remove additional accommodation,” boosting expectations for higher borrowing costs. Traders are pricing in an 86% chance of a rate increase at the March 15 decision, more than double the odds last Friday, Fed fund futures showed.

READ MORE

The post S&P Futures Drop As Global Market Rally Pauses; Dollar Rises On Rate Hike Concerns appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/03/02/sp-futures-drop-as-global-market-rally-pauses-dollar-rises-on-rate-hike-concerns/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.