Opening Bell: Expectation Of Easing Boosts Stocks; Gold, Bonds Jump As Well

U.S. futures extend gains after Monday’s roaring Wall Street session

Fed rate decision bets see half-point cut in March

Technicals point to the return of a downward trajectory, as virus not resolved or even managed

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Contracts on U.S. indices for the , and this morning extended Monday’s exuberant Wall Street rally, which including a record gain for the mega cap Dow Jones benchmark.

Traders, however, remain uneasy. Futures fluctuated ahead of a later today between G7 financial ministers and central bank leaders, in hopes of coordinated global policy action. The expectation is that Australia’s quarter-point earlier today could be the start of additional easing by policymakers. Bets on the Federal Funds Rate reveal the market expects a in March.

Nonetheless, despite yesterday’s massive rally, safe havens gained this morning.

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S&P 500 futures wavered during the Asia session, but a longer look reveals there’s a method behind the indecision.

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Source investing.com

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Opening Bell: Expectation Of Easing Boosts Stocks; Gold, Bonds Jump As Well

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