US Stocks bounced higher on Friday once again taking the Nasdaq to record levels whilst it notched up its fifth straight week of gains. US data came in slightly stronger than expected across the board, with both Durable Goods data and the University of Michigan Consumer Sentiment numbers beating estimates. US treasury yields remained bid and the dollar lost some ground.
Traders are expecting a relatively quiet start to the trading week today with little on the macroeconomic calendar and Bank Holidays in both the UK and the US. However, today is likely to be the calm before the storm, the event calendar picks up as we progress through the week to hit key US inflation numbers on Friday.
| Market | Daily Change | Close |
| Dow | +0.01% | 39,069 |
| S&P | +0.7% | 5,304 |
| Nasdaq | +1.10% | 16,920 |
| USD | -0.4% | 104.72 |
| US Treasury – 2 Year | +1.5bps | 4.948% |
| US Treasury – 10 Year | -1bps | 4.466% |
| Oil – Brent | +0.9% | $82.14 |
| Oil – WTI | +1.1% | $77.72 |
| Gold | +0.2% | $2,334 |
Today’s Events AEST:
Asian Session
- 10.05 am – Japan – BOJ Governor Ueda Speaks
European Session
- UK Bank Holiday
- 6.00 pm – German IFO Business Climate Data
