S&P 500: Futures positive, rally continues

• Equity markets continue with the wind in their favor.
• Wall Street futures rise 0.40% on average, after a great week.
• Limited runs in general markets.

After a great week, shares start Monday with new rises. In the US in the previous one there are increases of 0.4% on average. The dollar with mixed results. Yields on the rise.

Go on go on…

In Asia, markets rose. Chinese stocks try to climb for the fifth consecutive week, before better expectations due to less restrictions due to COVID. It also adds to the Wall Street rally on Friday, which ended with a weekly rise of 6%. On Friday the S&P 500 climbed 3.1%, the best day in more than two years. In Europe the FTSE rises 0.61% and the DAX 0.68%. S&P 500 futures up 0.38% and Nasdaq futures up 0.48%. Fewer concerns about inflation contribute to the good mood.

G7 leaders agreed to impose new sanctions on Russia, ranging from a ban on importing gold to restricting the country’s ability to import technology for its weapons industry. They will also give more support to Ukraine. Russia was unable to get creditors to receive payment for their bonds in foreign currency, due to the sanctions imposed. This would place the country in a default, but not traditional, since there is capacity and willingness to pay.

Among the largest volume coins, the euro It has an outstanding performance supported by a rise in the yields of European bonds. The German 10-year tranche is at 1.55%, climbing more than 7%. EUR/USD trades near 1.0600 and EUR/GBP above 0.8600.

The treasury bond yields they also go up. The 10-year bond is 3.18% at a five-day high, and the 30-year bond is at 3.31%. This favors the stability of the dollar. DXY has erased losses and is trading around 104.00.

Risk appetite is curbing demand for safer assets by weakening bonds and currencies like the yen. The minutes of Bank of Japan they showed no surprises and ratified the commitment of the monetary authority not to rush to remove the stimuli.

The economic calendar presents for Monday in the US the report on durable goods orders, the Dallas Fed manufacturing index and pending home sales. The annual meeting of the European Central Bank begins in Portugal, with the key event taking place on Wednesday with a panel made up of President Lagerde, Bailey of the Bank of England and Powell of the Fed.

Among the companies that present results on Monday are nike, Trip and Jefferies Financial Group.

The prices of Petroleum they are up modestly on Monday and trim a small part of last week’s losses. The financial press warns that the situation in Libya is getting worse.

The Prayed is trading positive, slightly higher around $1933 while silver climbed to $21.54. The cryptocurrencies They have uneven performance. Bitcoin is supported by the stability in the stock markets, but it is unable to extend the rebound. BTCUSD remains above $21,200, unable to assert itself above $21,500.

Technical levels