Traders are looking on the bright side despite last week’s carnage in tech stocks
Source: Fortune ·
Talks between Saudi Arabia and Iran are ongoing, and the credit ratings agency Moody’s left France’s credit rating unchanged from before the riots.
From the source
Traders are looking on the bright side today: Talks between Saudi Arabia and Iran are ongoing, and the credit ratings agency Moody’s left France’s credit rating unchanged from before the riots. The yield on France’s 10-year bonds eased back below the headline-inducing 5% level to 4.94%; similarly, the U.S. 10-year was at 4.99%. U.S. futures were up this morning prior to the bell in New York after stocks rose in Europe in early trading. Asia was flat to down today as the price of oil remained painfully high—above $114 per barrel. Incoming: Alphabet and Microsoft report Q3 earnings on Wednesday and Amazon reports on Thursday. The Fed decides on the base interest rate on Wednesday—futures markets are it will be held at 3.75%. S&P 500 futures were up 0.32% this morning. The index fell 0.52% on Friday. In Europe, the Stoxx 600 rose 0.39% in early trading, and the U.K.’s FTSE 100 rose by 0.5% before lunch. Asia: South Korea’s KOSPI was down 1.46%. Japan’s Nikkei 225 was down 0.8%. India’s…