Key Points
After closing at their highest level of the year on Friday, U.S. stocks mostly hogged those gains into the new week - with 'peak rates' optimism, Friday's U.S. jobs report and falling oil prices jockeying with edgy geopolitics for attention...
The S&P500 (.SPX) recorded its highest close since March 2022 on Friday - the month the Federal Reserve started its brutal five-percentage-point-plus interest rate squeeze..
Two-year Treasury yields hit their lowest since June on Friday and 10-year yields their lowest in three months, although they edged higher on Monday.. Encouraging the disinflationary theme, oil prices extended declines, pressured by investor scepticism over the latest OPEC+ decision on supply cuts and uncertainty surrounding global fuel demand..
Some concerns about the resumption of fighting in Gaza and attacks on commercial shipping in the Red Sea saw volatility levels pop marginally higher and gold prices briefly surged to a new record before giving back all of those gains...
In Europe, Greece's 10-year government bond yield dropped to its lowest level since June after ratings agency Fitch upgraded the country's sovereign credit rating to investment grade, citing the sharp downward trend in general government debt...
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