A look at the day ahead in markets from Sujata Rao
Markets are enjoying a respite of sorts. With 10-year Treasury yields down five basis points from recent highs, the Nasdaq has managed to rebound around 10% from late-January troughs. Europe's STOXX 600 is opening higher after bumper earnings propelled the index to its best day in two months.assuaged fears, raised after Netflix's lacklustre earnings report, that the entertainment streaming sector faces a reckoning as the pandemic ends.
More than five quarter-point Fed interest rate hikes are currently priced by year-end but the data could swing those bets either way.saw the strongest demand since May 2020 in a sign that buyers will rush to grab higher yields, potentially capping their rise. Let's see what happens at a 30-year auction later in the day.Key developments that should provide more direction to markets on Thursday:
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