Rising US Treasury bond yields boost financial shares on Thursday. Defensive sectors stay in negative territory in early trade. Energy shares extend rally supported by recovering crude oil prices. Major equity indexes in the United States started the day in the positive territory on Thursday. As of writing, the Dow Jones Industrial Average was up 0.57% on the day while the S&P 500 and the Nasdaq Composite were adding 0.43% and 0.33%, respectively. Today’s upbeat PMI data from Germany eased concerns over a deeper slowdown in the economy and helped the market sentiment improve. Moreover, hopes of the EU making concessions on the Irish backstop and allowing the UK to leave with a deal provided an additional boost to the risk-appetite. The 10-year US Treasury bond yield rose sharply on these developments and the rate-sensitive S&P 500 Financials Index is now up 0.92% on the day to lead the winners. Additionally, crude oil prices edged higher amid the risk-on atmosphere and lifted the S&P 500 Energy Index, which was last gaining 0.6% on the day, higher in the early trade. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Markit Manufacturing PMI drops to 49.9 in August vs. 50.5 expected FX Street 4 years Rising US Treasury bond yields boost financial shares on Thursday. Defensive sectors stay in negative territory in early trade. Energy shares extend rally supported by recovering crude oil prices. Major equity indexes in the United States started the day in the positive territory on Thursday. As of writing, the Dow Jones Industrial Average was up 0.57% on the day while the S&P 500 and the Nasdaq Composite were adding 0.43% and 0.33%, respectively. Today's upbeat PMI data from Germany eased concerns over a deeper slowdown in the economy and helped the market sentiment improve. Moreover, hopes of the EU making… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
