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RBC raises 12-month S&P 500 target to 8,150 on earnings optimism

RBC Capital Markets has raised its 12-month target for the S&P 500 CBOE:SPX index to 8,150 from 7,900 on Monday, citing that earnings strength and a supportive macro backdrop will drive further gains in U.S. stocks.The new target implies a roughly 10.8% upside from the close of 7,353.95 points on F…

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index
NEWS reuters

JGB yields rise as inflation concerns grow on BOJ policy outlook

By Junko FujitaJapanese government bond (JGB) yields rose on Monday as concerns over inflation intensified after local media reported the government may push the Bank of Japan to align its decisions with Prime Minister Sanae Takaichi's pro-growth economic agenda.Here are a few details:

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Bonds
NEWS reuters

China accelerates plans for sulphur futures as Iran war amplifies price swings, sources say

China is planning to launch its first sulphur futures contracts this year, sources said, in a push to help hedge against price swings and increase its pricing power in the global trade for a key material used in mining and agriculture.The Dalian Commodity Exchange could list the sulphur futures con…

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EconomyFutures

Markets swivel on tech, Mideast angst

A look at the day ahead in European and global markets from Ankur BanerjeeThe halt to the latest tit-for-tat attacks in the Middle East spurred a twitchy reaction in markets as lingering unease over stretched tech valuations and the prospect of higher-for-longer rates compounded doubts about a ceas…

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EconomyForexindex