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Stock impact report

Dollar Rallies as Iran War Boosts Crude Prices and Bond Yields [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
boosted T-note yields and strengthened the dollar's interest rate differentials. Also, Thursday's US economic reports, which showed a smaller-than-expected increase in weekly jobless claims and a larger-than-expected increase in Q4 nonfarm productivity, were supportive of the dollar. In addition, Thursday's stock sell-off boosted liquidity demand for the dollar. Gains in the dollar accelerated Thursday on hawkish comments from Richmond Fed President Tom Barkin, who said he expects "a couple of months of high inflation." US Feb Challenger job cuts fell -71.9% y/y to 48,307. More News from Barchart Is Silver Heading for Another New High? Dollar Slips as Stocks Recover Dollar Undercut as Stocks Rebound Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. US weekly initial unemployment claims were unchanged at 213,000, showing a stronger labor market than expectations of 215,000 Show less Read more
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