Investing.com – Here are the five most important things you need to know about the financial markets on Friday, March 29:
1. US stocks expect best quarterly performance since 2009
US. Futures pointed to a higher open on Friday, with gains of more than 12% in the first three months of the year, which would be the best quarterly performance since 2009.
Traders were optimistic about recent developments in trade negotiations between the US and China, while strong pricing on Lyud's stock market debut gave the impression that demand for equities remains solid. At 5:55 ET (9:55 GMT), the blue chip gained 46 points or 0.2%, up 4 points or 0.1
The end of Q1 could have been positive, overshadowing the recent turmoil caused by the sharp drop in bond yields over the last 10 days. 10-year US 10-year yield rebounded slightly on Friday, rising 2.46% (ET) to 2.41% (9:56 GMT) from a 15-month low of 2.35% Day reached earlier. The US benchmark return has been inexorably since the Federal Reserve cut its growth forecast for the year last week, suggesting that it did not expect to raise interest rates until 2020.
. 2 US-China conducts a "productive working lunch" on trade talks
US. Finance Minister Steven Mnuchin said Friday that he had a "conference" last night to hold talks to resolve the trade dispute between the two largest economies in the world.
Mnuchin and US Trade Representative Robert Lighthizer met in Beijing Friday to ensure in part that there were no discrepancies in the English and Chinese versions of the text, as well as to offset the number of working visits to each capital.
The talks are to be continued with the Chinese Vice Premier Liu He next week in Washington. President Donald Trump's top economic adviser Larry Kudlow told reporters on Thursday that it could take months for a deal to close.
. 3 Lyft 's IPO of $ 24 billion sets the stage for Uber, Pinterest
Lyft (NASDAQ 🙂 was the first IPO (IPO) of a startup company The number of shares rose by $ 32.5 million to $ 72 per share. This is the peak of the already rising price range, indicating a strong demand for the deal.
The high demand for the biggest US IPO since Snap 2017 is likely for Uber and Pinterest, who also want to go public in 2019, but as Lyft still have to make any profit. Snap has dropped 60% of the IPO price.
Read more: – Haris Anwar
4. New home sales are expected to increase following the tide of US economic data
The parade of apartment numbers will continue on Friday, the last week at 10:00 ET (14:00 GMT). On average, economists are predicting that home sales rebounded in February, rising 1.3% to an annualized 620,000. This is apparent from the forecasts made by Investing.com.
Before the bell, the Bureau of Economic Analysis will report its personal income and income expenditure figures at 8:30 pm ET. This report also includes the Federal Reserve's preferred inflation meter, but already in January.
for February, a rise of 0.3% is forecast, while – as reported in January – a rise of 0.3% is expected.
The inflation gauge, which does not rely on food and energy, is expected to rise 0.2% in January, at an annual rate of 1.9%.
The focus will also be on the consumer as the University of Michigan issues its final measure in March at 10:00 (GMT 15:00 GMT).
The (PMI), which provides investors with insight into midwestern production, will be released at 9:45 GMT (9:45 GMT).
. 5 Pound under pressure before the third attempt in the Brexit vote
against this and on Friday before another UK vote on Britain's exit from the European Union.
The British House of Commons will once again vote on Prime Minister Theresa Mays twice-canceled resignation on Friday, but the initiative seems to be doomed to failure, as the support of the Northern Irish party, on which the conservatives of May rely, and conservative conservative Brexiteers even the support is missing. Otherwise, May will ask the EU for a longer extension of the Brexit deadline on 12 April, recognizing that this will mean participation in the EU parliamentary elections in May
Most likely result of the bill. It is not clear that there is the necessary unanimous support for enlargement among the EU governments, so that a "hard Brexit" on 12 April remains the default scenario.