Investing.com – Here are the top five things you should know about financial markets Friday, March 29:
1. US equities have set the best quarterly performance since 2009
U.S. futures pointed to a higher open on Friday on track for gains of more than 12% in the first three months of the year in what would be its best quarterly performance since 2009.
Traders seemed to show optimism over the recent development in trade negotiations between the US and China, while a strong pricing in Lyft's stock market debut gave the impression that the demand for equities is still solid stateide. At 5:55 am ET (9:55 GMT), blue-chip rose 46 points, or 0.2%, 4 percent. Or 0.1
End of the first quarter of a positive note may overshadow the recent discomfort caused by the sharp decline in bond yields over the past 10 days.
The 10-year US bond bonds slipped slightly on Friday and rose to 2.41% at 5:56 ET (9:56 GMT) from a 15-month low of 2.35% reached a day earlier. The yield on the US benchmark has been the subject of a relentless fall since last week the Federal Reserve cut its growth forecast and indicated it would not increase interest rates by 2020.
2. US China has "productive dinner" on trade negotiations
USA. Treasury Secretary Steven Mnuchin said on Friday that he had a "" last night in Beijing and ended a day of negotiations to resolve the trade dispute between the world's two largest economies.
Mnuchin and US trade representative Robert Lighthizer held meetings in Beijing on Friday, partly to ensure that there were no deviations in the English and Chinese language versions of the text, and also to balance the number of work visits on each capital according to.
Negotiations are scheduled to continue with Chinese Vice President Liu Han in Washington next week. President Donald Trump's chief financial advisor Larry Kudlow told journalists Thursday that an agreement could still take months to complete.
3rd Lift 's $ 24 billion IPO sets the stage for Uber, Pinterest
Lift (NASDAQ 🙂 was in the first initial public offering (IPO) of a riding start.
The company priced an increase of 32.5 million shares of $ 72 per share. share, the top of its already increased price range, suggesting strong demand for the deal.
High demand for what will be the largest US IPO since Snap in 2017 should bode well for Uber and Pinterest, which are also planning to become public in 2019, but such as Lyft, still has no profit. For what it's worth, Snap is down about 60% from its IPO price.
Read more: – Haris Anwar
4. New home market is expected to jump across the flood of US economic data
The parade of housing numbers will continue tomorrow with no later than at. 10:00 ET (14:00 GMT). On average, economists predict that the new home sales plummeted in February to rise 1.3% at an annual rate of 620,000, according to forecasts by Investing.com.
Prior to the clock, the President of Economic Analysis presents personal income and expense numbers at 8:30 ET. This report also comes with the Federal Reserve's preferred inflation measure, albeit from January.
is expected to rise by 0.3% in February, while – as will be reported in January – is expected to increase by 0.3%.
It is expected that the food and energy exclusion count has increased by 0.2% in January, with annual interest rates remaining at 1.9%.
The consumer will also be in focus as the University of Michigan issues its final measure in March at. 10:00 (15:00 GMT).
The (PMI) who gives investors insight into the production in the Midwest comes out at. 9.45 ET (13:45 GMT).
5th Pounds under pressure ahead of the third attempt at Brexit vote
against and Friday before another UK vote on Britain's departure from the EU.
The United Kingdom House of Commons is set to vote once again on Prime Minister Theresa May & # 39; s two-week recall agreement last Friday, but the initiative seems doomed to fail, lacking the support of the Irish Irish party which corn conservatives are dependent on and by the hard conservative breiters themselves.
The most likely result of the bill In short, May is asking the EU for a longer extension of the Brexit deadline on April 12, accepting that it will mean joining the EU parliamentary elections in May. It is not clear that there is the necessary unanimous support among EU governments for an extension, so a "Hard Brexit" on April 12 remains the standard scenario.