Stock Markets and Record US Debt Sales in Focus This Week

A holiday-shortened trading week in the U.S. and much of Europe will see traders contend with more than just the end of the first-quarter.There’s a potential record supply of U.S. Treasury bills and notes coming to auction against a backdrop of higher funding costs. That could exacerbate the usual quarter-end funding pressures that traditionally see big banks and other large investors close out their trades and shift into shorter-term securities.In equities, U.S. stocks will reopen on Monday at a key level of support following the biggest weekly decline since 2016. And the trade tensions that drove the global selloff are still simmering away, with some evidence that they’re beginning to feed into currencies.

Source: ‘Vulnerable’ Stocks and Record U.S. Debt Sales Dominate the Week – Bloomberg

US Futures Higher After Strong Start in Europe

What Trade War Fears?

 

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.