Five things you need to know before the market opens on Tuesday December 27: 1. — Stock Futures Higher As Markets Cheer China Reopening U.S. equity futures pushed firmly higher Tuesday, while Treasury bond yields eased modestly, as investors reacted to news of a broader re-opening of the Chinese economy following nearly three years of Covid lockdowns. Chinas National Health Commission said Monday that foreign visitors will only require a negative Covid test, obtained 48 hours prior to arrival, in order to comply with new travel guidelines. Previous rules required at least eight days in quarantine. Authorities said China’s health priority is now "eabling a stable orderly transition as we adjust our Covid response", with reports suggesting reduced testing and reporting frequencies and notably less-stringent restrictions on domestic travel and businesses. The changes, added to various forms of easing put in place since a series of civil protests in late November, boosted regional stocks and added to U.S. investor sentiment on Wall Street amid the first day of holiday-thinned trading following the Christmas break. Benchmark 10-year Treasury note yields, which hit a three-week high of 3.79% prior to the break, eased to 3.777% in overnight trading, although trading volumes […]
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