US markets rise as Treasury yields fall and Brent crude tops $101
Updated
Updated · CaixaBank Research · May 11
US markets rise as Treasury yields fall and Brent crude tops $101
11 articles · Updated · CaixaBank Research · May 11
Friday's moves followed a second straight stronger-than-expected US jobs report, while euro area bond yields were broadly stable, peripheral spreads narrowed and EUR/USD strengthened to 1.18.
US equities gained on labour-market optimism, but euro area indices fell as Middle East conflict developments weighed on sentiment despite President Trump saying a ceasefire was still holding.
Investors are now watching US-Iran negotiations and Tuesday's US April CPI release, with lower Treasury yields reflecting expectations that the Federal Reserve will stay patient.
As inflation surges despite a 'strong' jobs report, is the US economy walking into a stagflation trap?
With a Mideast ceasefire expiring and 20% of global oil cut off, is a worldwide recession now inevitable?
Beyond oil, is the Mideast conflict about to sever critical supply chains for food, tech, and green energy?