Stocks stabilize as calm returns to markets following Friday's selloff [Business News Network (BNN) Energy & Resources (Canada)]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Business News Network
Stocks stabilize as calm returns to markets following Friday's selloff U.S. equity futures and stocks in Europe stabilized on Monday, as a measure of calm returned to markets following Friday’s selloff. Treasuries and European sovereign bonds fell. Contracts on the S&P 500 and Dow pointed to a slightly weaker open, while banks and telecoms helped the Stoxx Europe 600 pare some of the morning’s losses after data showed confidence among German companies improved. Earlier, Asia was in catch-up mode, with stocks down more than 2 per cent in Tokyo, while Australia’s 10-year bond yield recorded an all-time low and Japan’s hit the lowest since September 2016. The gap between three-month and 10-year Treasury yields turned negative for the first time since 2007 on Friday, which combined with poor European data, stoked recession fears. The risk rally has come under scrutiny in recent sessions, after valuations of the S&P 500 and MSCI World indexes climbed near levels reached during the height o
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