US markets are expected to open lower amid investor concerns over the surging Treasury yields ahead of non-farm payrolls report.
Dow Jones Industrials futures fell 83 points to 30,795.0, S&P 500 fell 13.75 point to 3,751.75 while the Nasdaq-100 futures fell by 70.5 points to 12,384.5.
The 10-year US Treasury note yield fell by one basis point to 1.55%. Treasuries fell on disappointment that Federal Reserve Chair Jerome Powell offered no specific course of action to control the surging long-term rates.
Going ahead, US Jobs data, Nonfarm payroll figures and trade balance figures for January will be eyed by the market participants. The figures are expected to show the US economy benefited from falling new coronavirus cases, fast vaccination rates and additional fiscal stimulus.
West Texas Intermediate crude oil futures rose by 2.02% to $65.12 a barrel.
13 Apr 2021 11:00 AM
The dollar rose from near a three-week low against major rivals on Tuesday, buoyed by a bump in Treasury yields, as traders awaited highly anticipated U.S. inflation data later in the day.
13 Apr 2021 10:30 AM
Gold was unchanged today as investors kept to the side lines ahead of U.S. inflation data that is projected to shed more light on recovery in the world's largest economy.
13 Apr 2021 07:40 AM
Find out why is the Dollar trading near its 3-week low?
12 Apr 2021 06:35 PM
U.S. stock futures slipped today, signaling a muted opening for major indexes that stand at record highs ahead of a busy week of corporate earnings and economic data.
12 Apr 2021 04:31 PM
Indian equities fell the most in over a month as a rapid surging second wave of the coronavirus across the country acted as the key deterrent to market sentiment.
12 Apr 2021 04:21 PM
The Indian rupee dropped for the sixth consecutive session against the dollar, as a surge in coronavirus cases intensified fears of a delay in economic recovery.