Investors expect stock market stability after US records, while the yield on government bonds remains below four percent. Fedex and UPS stocks weaken.
As www.boerse.de reports, investors on the US stock exchanges are expecting a certain degree of restraint after the further records the day before. Both the Dow Jones Industrial and the Nasdaq 100 indexes show no significant weaknesses. Support for stocks continues to come from the bond market, where the 10-year Treasury yield remains below four percent. The market expectation of a first interest rate step next year is currently just over 70 percent. However, technical indicators suggest that the stock market rally may be overheated. Against this background, Fedex shares will be in focus after disappointing half-year results and statements about the current financial year and are expected to give up their December profits. …

Investors expect stock market stability after US records, while the yield on government bonds remains below four percent. Fedex and UPS stocks weaken.
How www.boerse.de reports, investors on the US stock exchanges expect a certain degree of restraint after the further records the day before. Both the Dow Jones Industrial and the Nasdaq 100 indexes show no significant weaknesses.
Support for stocks continues to come from the bond market, where the 10-year Treasury yield remains below four percent. The market expectation of a first interest rate step next year is currently just over 70 percent. However, technical indicators suggest that the stock market rally may be overheated.
Against this background, Fedex shares will be in focus after disappointing half-year results and statements about the current financial year and are expected to give up their December profits. The shares of the office furniture manufacturer Steelcase also recorded a pre-market loss of 9.0 percent after their sales in the third quarter fell short of the average analyst forecasts.
Additionally, struggling e-scooter rental company Bird Global has filed for Chapter 11 bankruptcy, with operations continuing unchanged. Bird shares have been in decline for some time, and the New York Stock Exchange has already taken steps to delist the stock.
Given these developments, there could be a negative impact on market stability as disappointing corporate results and bankruptcy filings affect investor confidence. It is advisable to keep an eye on developments in the coming days as they could potentially impact the financial industry.
Read the source article at www.boerse.de