(Reuters) - The European Central Bank raised interest rates by 25 basis points to 4 percent as expected on Wednesday, which could put pressure on global bond yields to rise. U.S. stock index futures held steady well below fair value. Interest-rate jitters sent stocks lower on Tuesday as higher bond yields pose competition for stocks.
"The higher rate environment is not just domestic. I think the market will take this and start to focus on inflation as it gets concerned about how high rates will have to rise," said Peter Dunay, investment strategist at Leeb Capital Management New York.
Read more at Reuters.com Business News
"The higher rate environment is not just domestic. I think the market will take this and start to focus on inflation as it gets concerned about how high rates will have to rise," said Peter Dunay, investment strategist at Leeb Capital Management New York.
Read more at Reuters.com Business News
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