10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, MRK, GILD, ORCL, PCLN)
|12/16/2016||Posted by BusinessMediaguide.Com under General World News||
Here is what you need to know.
Bonds are flashing a warning sign for stocks. The US 10-year yield ticked above 2.60% on Thursday, the level at which Societe Generale’s Cross Asset Allocation team says is where stocks become “rich” to bonds. Currently, the US 10-year yield is down 3 basis points at 2.57%.
Eurozone inflation is finally being sustained. Eurozone final CPI printed 0.6% year-over-year in November, its highest level in more than two years. The euro is up 0.3% at 1.0442 against the dollar.