Tuesday, 2 August 2022

S&P 500 and Nasdaq 100 Slide as Treasury Yields Spike, US-China Tensions Weigh

The Nasdaq 100 and S&P 500 fall Tuesday for a second straight day as U.S. Treasury yields soar on fears that the Fed will continue to raise interest rates aggressively to cool inflation.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...