US stock futures higher despite climb in yields ...Middle East

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US stock futures higher despite climb in yields
source : forex live ( Middle East ) () 31
The dynamic recently has been -- weaker dollar, lower yields, higher stocks.Today will be a challenge of that with yields down 4-6 bps across the curve and the dollar higher, particularly USD/JPY (up 75 bps).Fed pricing shows a 28% chance of a 50 bps cut, which is back to where it was before the non-farm payrolls revisions. There is some focus on hawkish comments from the Fed's Schmid.Movers include Snowflake, down 9% while Urban Outfitters are down 15% after same store sales fell 9.3% in another sign that housing-related sectors are suffering from high rates and a lack of turnover in real estate. This article was written by Adam Button at www.forexlive.com.

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