German DAX Records Meet a Treasury Market Under Strain
The German DAX record high is back in reach after four straight higher sessions, helped by cheaper energy and resilient eurozone data.
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The German DAX record high is back in reach after four straight higher sessions, helped by cheaper energy and resilient eurozone data.
Fawad Razaqzada, StoneX Media Market Analyst, breaks down what is driving European equities, where oil fits in, and why bonds still matter.
Lower oil prices pulled geopolitical risk premium out of energy markets and helped longer dated U.S. Treasury yields fall back. The U.S. Treasury has also expanded its long dated buyback operations, while concerns over U.S. debt and the so-called dollar debasement trade keep investors interested in gold and Bitcoin. Attention now turns to Jackson Hole and the speech from Kevin Warsh.
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