Investing.com – Here are the five most important things you need to know in the financial markets on Friday, March 29:
1. US stocks are set for the best quarterly performance since 2009
United States. the futures showed a higher open on Friday with a profit increase of more than 12% in the first three months of the year, which will be the best quarterly performance since 2009. trade negotiations between the US and China, while the strong pricing of the Lyft stock market has created the impression that demand for shares is still solid. At 5:55 AM ET (9:55 GMT), the blue chip won 46 points, or 0.2%, rose by 4 points, or 0.1
The first quarter of a positive note may overshadow the recent worry caused by the sharp fall in bond yield over the past 10 days.
10-year US bond yield rose slightly on Friday, rising to 2.41% from 5:56 am (9:56 GMT) from a 15-month low of 2.35% early. US benchmark yields have been tilting since the Federal Reserve last week lowered its growth forecast for the year and said it did not expect to raise interest rates by 2020 at the earliest
2. The United States and China have a "productive working dinner" on trade negotiations
United States. Finance Minister Steven Munchin said on Friday he had "" the previous night in Beijing, starting a day of negotiations aimed at resolving the trade dispute between the two largest economies in the world.
Munchin and US commercial agent Robert Lighttier held meetings at  Beijing on Friday in part to ensure that there are no inconsistencies in the English and Chinese language texts and to balance the number of business visits to each capital, according to.
Negotiations are scheduled to continue with Chinese Vice Premier Liu He in Washington next week. President Donald Trump's big economic advisor Larry Kudlow told reporters on Thursday that a deal could take months.
3. Lyft's 24-billion IPO Launches Uber, Pinterest
Lyft (NASDAQ 🙂 was in the first initial public offering (IPO) of the ride.
an increase of 32.5 million shares to 72 dollars per share, which is the highest level of the price range, indicating a strong demand for the deal.
The high demand for what will be the largest IPO in the US since Snap in 2017 should lead to good results for Uber and Pinterest, who are also planning to become public in 2019, but as Lyft, have not yet won. For what it is worth, Snap is about 60% lower than the IPO price. Read more: – Haris Anwar
4. Sales of new homes are expected to surge against the backdrop of the US economic downturn. On average, economists predict that sales of new homes jumped in February to rise 1.3 percent to 620,000 per year, according to Investing.com forecasts.
Before the bell, the Bureau of Economic Analysis will report on his personal income and spending on the numbers at 8:30 ET. This report has been included in the Federal Reserve's favorite inflation index, albeit since January.
for February is expected to grow by 0.3%, while – which will be reported in January – is also expected to grow by 0.3%.
This inflation-free, food and energy measure is expected to increase by 0.2% in January, with the annual rate at 1.9%.
The user will also be in focus as the University of Michigan publishes its final measure from March at 10:00 (15:00 GMT). (PMI), which gives investors an insight into Middle West production, will be released at 9:45 ET (13:45 GMT)
5. The pound is under pressure before Brexit's third attempt to vote
against and on Friday before another UK vote on the departure of Britain from the European Union.
The UK House of Commons to Vote for Prime Minister Theresa twice The twice-defeated withdrawal agreement from May later on Friday, but the initiative seems to be doomed to failure without the support of the Northern Ireland Party relied on by May's Conservatives , and the conservative Brexiteers themselves.
The most likely outcome of the bill The failure is that it will probably ask the EU for a longer deadline by the deadline of Brexit on April 12, assuming that this would mean participation in the EU's May elections in May. It is unclear whether there is the necessary unanimous support from EU governments for extending the deadline so that a "hardy coast" on April 12 remains the default scenario.