Monthly Archives: February 2021
The US 10-year treasury yield SOARED to a one-year high of 1.545%, a jaw-dropping 10.56% in one day
Written on February 26, 2021 at 3:20 am, by wangwenshuai
Market Focus US equities plummeted whilst the selloff in global bonds deepened, the US 10-year treasury yield SOARED to a one-year high of 1.545%, a jaw-dropping 10.56% in one day. Technology stocks were leading the route, the Nasdaq 100 slumped about 3.6%. The recent Tesla-ARK synergy took a big hit today, Tesla Inc dropped 9.17%Continue Reading
US 10-year yields touched 1.43%, the highest since Feb 2020
Written on February 25, 2021 at 3:58 am, by wangwenshuai
Market Focus US equities reversed losses and staged a rally as Federal Reserve Chairman Jerome Powell reaffirmed his view that the economy needs support. Government bond yields climbed along with oil prices. Energy and industrial companies led gains in the S&P 500 Index, offsetting weakness for tech stocks. Banks advanced, sending an industry gauge toContinue Reading
Bitcoin relentlessly plunged as much as 17% on Tuesday, reached the lowest price in three weeks, closed the day down 11%
Written on February 24, 2021 at 3:28 am, by wangwenshuai
Market Focus US equity market took a hit at its opening on Tuesday ahead of Powell testimony, the S&P 500 Index declined as much as 1.8% whereas the Nasdaq 100 plunge reached 3.5%. These losses were mostly pared after reassuring comments from the Fed chairman Jerome Powell on inflation and the growth outlook. Energy stocksContinue Reading
