United States stock futures started trade on the weaker side; Treasury futures were strong on Sunday


On Sunday, U.S. stock futures started the early trade on the weaker side. Continuing the downward movement of equity markets on Friday which marked the worst week for the benchmark S&P 500 and Dow Jones Industrial average since early January of 2016.

S&P 500 e-minis ESc1 shed 18 point or 0.63 percent.

United States Treasury futures prices surged during the opening trading with the 10 year note futures climbing 3 and a half of a point in price during the early trade.

Increasing bond yields and prospects for rising inflations weakened equities and brought the benchmark 10 year U.S. Treasury yields up to a four year peak on Friday.

The Dow .DJI plunged 2.54 percent, marking Dow’s biggest daily percentage fall in 20 months, also the largest point loss since December of 2008. The S&P 500 .SPX fell 2.12 percent while the NASDAQ .IXIC shed 1.96 percent.

The three primary indices tend to their wounds as they log their largest weekly losses in two years following the all-time highs hit last week.

In currency news, the lift in U.S. yields boosted the dollar following its bumpy ride at beginning of the year.

The dollar index which tracks the greenback against a collection of other major currencies, was at 89.195 .DXY, having climbed 0.6 percent on Friday, marking its biggest one day gain in three months.

Against the Yen, the dollar was floating at 110.16 yen JPY=, following its previous exchange of 109.29 on Friday, while the common currency took a step back to $1.2429 EUR= coming from $1.2518.


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