Wall Street åpner med oppgang – «tiåringen» faller

Stock Exchange Opens Higher – “Ten-Year” Falls

On this morning’s trading for some of the most important indices on Wall Street, the year started with an opening in the morning on Wall Street despite oil prices rising due to renewed unrest in the Middle East. Thursday continues with oil prices rising. At the opening of Wall Street, the price of a barrel of North Sea oil, Brent spot, is up about 1 percent since midnight and trades around $96.

The interest rate on US Treasury bonds with a ten-year term, often called “the American ten-year” or “the world’s most important rate”, falls on Thursday. The reason is comments from Fed Governor Christopher Waller, who said he would “be inclined to support” holding interest rates unchanged at the September meeting, unless the upcoming inflation numbers surprise.

After Waller’s comments, the likelihood of an interest rate increase in the next few weeks fell from 63.2 to 50.4 percent, according to CME FedWatch. The ten-year rate fell to around 4.73 percent, down from 4.79 percent on Wednesday. At the same time, the Japanese yen strengthened by over one percent against the dollar, helping to dampen global pressure on rates, according to CNBC.

Broadcom, the chipmaker, reported stronger than expected earnings for the quarter before the market opened on Thursday, but next quarter’s guidance was weaker than analysts had hoped for. Semiconductor giant Nvidia has signed an agreement to buy the open AI platform Hugging Face for $12.9 billion, the company’s second-largest purchase ever, surpassed only by its purchase of Groq, a chip startup, for $20 billion the previous year, CNBC reports.