Stock markets took a hit in trading yesterday with the Dow taking the brunt of the move in the US session, finishing the day down over 1%. Treasury yields are moving higher across the globe and the impact is starting to hit stocks and sentiment. The dollar jumped higher in line with stronger US yields gaining against most of the majors, even the Aussie dollar which saw another stronger than expected CPI data print yesterday.
Traders are bracing for another busy day ahead, the Asian session has little on the card, however there are key data prints scheduled in Europe and the US again ahead of tomorrows key US inflation data release.
| Market | Change | Close |
| Dow | -1.06% | 38,441 |
| S&P | -0.74% | 5,267 |
| Nasdaq | -0.58% | 16,920 |
| USD | +0.45% | 105.11 |
| US Treasury – 2 Year | +2.0bps | 4.976% |
| US Treasury – 10 Year | +7.2bps | 4.613% |
| Oil – Brent | -0.7% | $83.60 |
| Oil – WTI | -0.8% | $79.23 |
| Gold | -0.8% | $2,342 |
Today’s Events:
Asian Session
- 10.00 am – Swiss National Bank Chair Thomas Jordan Speaks
European Session
- 5.00 pm – Swiss GDP Data
- 5.00 pm – Spanish Flash CPI Data
US Session
- 10.30 pm – US Quarterly Prelim GDP Data
- 10.30 pm – US Weekly Unemployment Claims Data
- 12.00 am – US Pending Home Sales Data
- 1.00 am – US Crude Oil Inventories Data
