36 minutes ago
Treasury yields changed little as investors prepare for the Fed meeting
US Treasury yields were flat on Monday, ahead of the Federal Reserve meeting this week to discuss its monetary policy plans and announce its latest interest rate decision.
At 4:10 a.m. ET, the yield on the 10-year Treasury note was down about 1 basis point, to 3.8291%. The two-year Treasury was trading at 4.8460% after falling less than 1 basis point.
treasures
| specific | a company | fruit | changes | % is changing |
|---|---|---|---|---|
| US1M | US Treasury for one month | 5.40% | +0.035 | 0.00% |
| US3M | US Treasury for 3 months | 5.444% | +0.02 | 0.00% |
| US6M | US Treasury for 6 months | 5.519% | +0.026 | 0.00% |
| US1Y | US Treasury for a year | 5.371% | +0.021 | 0.00% |
| US2Y | US Treasury for two years | 4.833% | -0.015 | 0.00% |
| US10Y | US Treasury for 10 years | 3.813% | -0.026 | 0.00% |
| US30Y | US Treasury for 30 years | 3.886% | -0.021 | 0.00% |
4 hours ago
Wall Street has lowered China’s GDP forecast several times this year. One bank adjustment 6 times
International investment firms have changed their forecasts for China’s GDP nearly every month so far this year, with JPMorgan making six revisions since January.
The US investment bank recently cut its forecast for Chinese GDP in July to 5%, down from 5.5% previously. That came along with cuts from Citi and Morgan Stanley this month to 5%.
Read the full story here.
– Evelyn Cheng
8 hours ago
Business contracts in Australia for the first time since March
Business activity in Australia’s private sector fell for the first time since March, mainly due to a contraction in services activity.
according to Flash estimates From Juno Bank, the composite PMI fell to 48.3, down from 50.1 in June.
The Services PMI fell below the 50 mark, no change to 48, down from 50.1 in June. In contrast, manufacturing activity recorded a soft contraction of 49.6 compared to 48.2 in June.
A PMI above 50 represents expansion in the sector, while a PMI reading below 50 represents contraction.
– Lim Hwi Ji
6 hours ago
Business activity in Japan expanded for the seventh consecutive month: au Jibun bank
Japanese business It expanded for the seventh consecutive monthaccording to flash estimates by Bank au Jibun.
The country’s composite PMI settled at 52.1 for the month of July, unchanged from the previous month.
The services PMI fell slightly to 53.9 from 54 in June, while manufacturing activity remained in contraction territory, with the PMI falling to 49.4 from 49.8.
– Lim Hwi Ji
9 hours ago
CNBC Pro: China’s earnings season has just begun. Here are some of the winners to watch
Some sectors of Chinese stocks are seeing fundamentals shift in their favour.
Profits pass into industries, consumer goods and basic commodities – and away from materials and energy, according to HSBC.
Investors may also get some answers about macro policy in the coming days with a gathering of Chinese leaders, called the Politburo, scheduled for the end of the month.
CNBC Pro subscribers can read more here.
– Evelyn Cheng
10 hours ago
AMC shares rise after a judge denied the company’s settlement over a share transfer
Shares of AMC Entertainment Holdings rose more than 60% after a judge on Friday blocked a proposed settlement on the company’s stock conversion plan that would allow the company to issue more shares.
Shares of AMC Entertainment Preferred fell 15%.
In February, the movie theater chain was sued for rigging a shareholder vote that would have allowed it to convert preferred stock into common stock and issue millions of new shares. Doing so would have diluted common stock, but it allowed AMC to pay off some of its more than $5 billion in debt.
Read the full story here.
– Tanaya McHale
10 hours ago
S&P 500 futures open flat
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