(Reuters) - U.S. stock futures rose on Monday as losses from the
subprime mortgage industry stoked speculation that the Federal
Reserve might adopt a policy statement that reassures investors
worried about a weakening economy. The Fed is expected to leave
its benchmark target range steady at 5.25 percent, but most
investors expected a rate cut by the Fed later this year.
"Equities caught a bid in Europe and bonds have sold off,"
said Andrew Brenner, a market analyst at Man Financial Inc.
"The bond market will stay rangebound until the Fed releases
its statement tomorrow."
Read more at Reuters.com Bonds News
subprime mortgage industry stoked speculation that the Federal
Reserve might adopt a policy statement that reassures investors
worried about a weakening economy. The Fed is expected to leave
its benchmark target range steady at 5.25 percent, but most
investors expected a rate cut by the Fed later this year.
"Equities caught a bid in Europe and bonds have sold off,"
said Andrew Brenner, a market analyst at Man Financial Inc.
"The bond market will stay rangebound until the Fed releases
its statement tomorrow."
Read more at Reuters.com Bonds News
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