Nasdaq Futures Rise, Focus Turns to Trump-Xi Meet
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Nasdaq Futures Rise, Focus Turns to Trump-Xi Meet
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Summary
US equity-index futures advanced as traders bet the record-breaking rally driven by enthusiasm for the artificial intelligence trade has further room to run. The gains in equities masked worries about inflation that have driven bets the Federal Reserve will raise interest rates next year. Treasuries broadly held their losses with yields on benchmark 10-year holding near the highest since July and 30-year yields trading above 5%. Investors have sold government bonds after back-to-back US inflation reports this week showed mounting price pressures. For more on the markets, we turn to Paul Dobson, Bloomberg's Executive Editor for Asia Markets.
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