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Börse Express – New York Equities Outlook: A break in the yield rally supports something

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NEW YORK (dpa-AFX) – The signals on Wall Street are on stable courses on Tuesday. The shares are receiving some tailwind from the US bond market, where prices have recently stopped rising after a rally that has lasted for weeks. The prospect of rising interest rates in the US, which tends to weigh on equities, had pushed returns on the capital markets up sharply. Yields on ten-year US bonds had climbed to their highest level in almost two years the day before.

The broker IG assessed the Dow Jones Industrial about an hour before the starting bell 0.13 percent higher to 36 114 points. The tech-heavy Nasdaq 100 was expected to be 0.35 percent firmer at 15,668 points. The day before, Dow, Nasdaq & Co had regained ground after initial losses. The Nasdaq 100 even turned positive in the last few minutes of trading.

The interests of the market players are likely to focus on the hearing on the re-nomination of Jerome Powell as head of the US Federal Reserve (Fed) before a committee of the Senate. “We’ll probably hear something new about the Fed’s monetary policy today,” wrote Deutsche Bank analyst Jim Reid. Last night, an interest rate hike was priced in on the futures markets in March with the highest probability so far.

Intel placed below the individual values before the IPO by 1.3 percent. Investors reacted to the news that David Zinsner from the chip manufacturer Micron Technology
becomes Intel’s new CFO. Micron shares fell in return by 0.8 percent. Bernstein Research analyst Stacy Rasgon called Zinsner “a credible, disciplined and competent manager” and said his move was positive for Intel.

In addition, analyst comments in particular determined pre-market trading: A sell recommendation by UBS for the shares of IBM
pushed the price down by a good three percent. AMD stocks on the other hand advanced by 1.6 percent. The investment house Keybanc Capital has advised to buy the papers of the semiconductor specialist./bek/mis

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0242 2022-01-11/14:32

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