Edition:
United Kingdom

Arjun Panchadar

US STOCKS-Dow hit by losses in Boeing, Home Depot; S&P 500, Nasdaq edge higher

11 Dec 2019

* Dow off 0.02%, S&P 500 up 0.22%, Nasdaq up 0.24% (Updates to open)

US STOCKS-S&P 500, Nasdaq set to open higher; Home Depot to pressure Dow

11 Dec 2019

* Futures: Dow off 0.10%, S&P 500 up 0.14%, Nasdaq up 0.25% (Adds comments, updates price action)

US STOCKS-Futures flat with focus on tariff deadline, Fed decision

11 Dec 2019

Dec 11 U.S. stock index futures pointed to a flat opening on Wednesday, with eyes fixed on the latest outcome of the Federal Reserve's deliberations on interest rates and the looming deadline on tariffs in President Donald Trump's trade war with China.

US STOCKS-Wall Street treads water as tariff deadline nears

10 Dec 2019

* Dow flat, S&P 500 up 0.04%, Nasdaq up 0.14% (Updates to early afternoon)

US STOCKS-Wall Street edges higher on tariff delay hopes

10 Dec 2019

* Indexes up: Dow 0.03%, S&P 500 0.09%, Nasdaq 0.20% (Adds comments, updates price action)

US STOCKS-Futures down with focus on tariff deadline

10 Dec 2019

Dec 10 U.S. stock index futures slipped on Tuesday as investors stayed on the sidelines ahead of a looming U.S. tariff deadline on Chinese goods that could possibly derail any progress made in trade talks between the world's top two economies.

European shares dragged down by Tullow Oil and weak China export data

09 Dec 2019

European stocks slipped on Monday, dragged down by a slump in shares of Tullow Oil after its chief executive stepped down and the oil and gas explorer scrapped its dividend, while weak data out of China also weighed on sentiment.

UPDATE 3-TREASURIES-U.S. Treasury yields jump after non-farm payrolls rise

06 Dec 2019

(Updates market activity) By Ross Kerber and Arjun Panchadar BOSTON/BENGALURU, Dec 6 U.S. Treasury yields rose on Friday after the Labor Department reported job growth increased by the most in 10 months in November. The benchmark 10-year yield was 4.3 basis points higher at 1.8381% in afternoon trading, reflecting greater investor appetite for risk. Analysts said the jobs report showed an underlying strength in the U.S. economy that offset a series of mixed signals from other reports earlier in the week. U.S. stocks also advanced on the jobs report and on a note of optimism about ongoing U.S.-China trade negotiations. "Basically the market is very positive on this news because what it does is, it confirms a strong economy even though we have seen a little weakness come in," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey. "This is going to throw a wrench into the argument that the economy is slowing down. Companies don't hire if the economy is slowing down, companies go the other way," Bakhos said. The Labor Department's closely watched monthly employment report showed steady wage gains and the unemployment rate falling back to 3.5%. It was seen as validating the U.S. Federal Reserve's decision last month to cut interest rates for the third time this year but to signal a pause in its easing cycle. The 10-year yield rose as much as 6.9 basis points earlier on Friday after the jobs report. The retrenchment may have reflected a cooler view that the report could have shown strong seasonal-but-temporary hiring, or be subject to downward revisions later, said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott. "The forward-looking implications of today's labor report were not many," he said. The two-year yield, which typically moves in step with interest rate expectations, was up 3.5 basis points to 1.6169% on Friday afternoon. December 6 Friday 2:55PM New York / 1955 GMT Price Current Net Yield % Change (bps) Three-month bills 1.4925 1.5229 -0.023 Six-month bills 1.5125 1.5493 -0.003 Two-year note 99-198/256 1.6169 0.035 Three-year note 99-246/256 1.6386 0.044 Five-year note 99-56/256 1.6642 0.044 Seven-year note 99-8/256 1.7732 0.045 10-year note 99-52/256 1.8381 0.043 30-year bond 102-16/256 2.2795 0.035 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 1.50 0.00 spread U.S. 3-year dollar swap -2.75 -0.25 spread U.S. 5-year dollar swap -3.25 -0.25 spread U.S. 10-year dollar swap -7.25 0.00 spread U.S. 30-year dollar swap -33.00 0.75 spread (Reporting by Ross Kerber in Boston; additional reporting by Arjun Panchadar in Bengaluru; Editing by Chizu Nomiyama and Jonathan Oatis)

Strong U.S. jobs numbers, trade optimism bolster European shares

06 Dec 2019

European shares closed higher on Friday, extending gains after impressive U.S. jobs data bolstered sentiment buoyed by positive statements from Washington regarding trade talks with China.

UPDATE 2-U.S. Treasury yields jump after non-farm payrolls rise

06 Dec 2019

(Updates market activity and adds analyst comment) By Ross Kerber and Arjun Panchadar BOSTON/BENGALURU, Dec 6 U.S. Treasury yields rose on Friday after the Labor Department reported job growth increased by the most in 10 months in November. The benchmark 10-year yield was 4 basis points higher at 1.8346% in late morning trading, reflecting greater investor appetite for risk. Analysts said the jobs report showed an underlying strength in the U.S. economy that offset a series of mixed signals from other reports earlier in the week. U.S. stocks also advanced. "Basically the market is very positive on this news because what it does is, it confirms a strong economy even though we have seen a little weakness come in," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey. "This is going to throw a wrench into the argument that the economy is slowing down. Companies don't hire if the economy is slowing down, companies go the other way," Bakhos said. The Labor Department's closely watched monthly employment report showed steady wage gains and the unemployment rate falling back to 3.5%. It was seen as validating the U.S. Federal Reserve's decision last month to cut interest rates for the third time this year but to signal a pause in its easing cycle. The 10-year yield rose as much as 6.9 basis points earlier on Friday after the jobs report. The retrenchment may have reflected a cooler view that the report could have shown strong seasonal-but-temporary hiring, or be subject to downward revisions later, said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott. "The forward-looking implications of today's labor report were not many," he said. The two-year yield, which typically moves in step with interest rate expectations, was up 3.3 basis points to 1.6149% on Friday morning. December 6 Friday 11:14AM New York / 1614 GMT Price Price Current Net Yield % Change (bps) Three-month bills 1.5 1.5305 -0.015 Six-month bills 1.5175 1.5545 0.002 Two-year note 99-199/256 1.6149 0.033 Three-year note 99-250/256 1.6331 0.038 Five-year note 99-56/256 1.6642 0.044 Seven-year note 99-8/256 1.7732 0.045 10-year note 99-60/256 1.8346 0.040 30-year bond 102-60/256 2.2717 0.027 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 1.50 0.00 spread U.S. 3-year dollar swap -2.50 0.00 spread U.S. 5-year dollar swap -3.50 -0.50 spread U.S. 10-year dollar swap -7.25 0.00 spread U.S. 30-year dollar swap -33.00 0.75 spread (Reporting by Ross Kerber in Boston; additional reporting by Arjun Panchadar in Bengaluru; Editing by Chizu Nomiyama and Jonathan Oatis)

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