Global financial markets were relatively subdued yesterday as investors looked ahead to key inflation data later in the week. US Stock indices had a mixed day with no outstanding moves, while yields and the dollar drifted lower.
The big moves came in commodities with Oil and Gold driving higher as increasing Middle East tensions continued to weigh on traders. Oil prices pushed higher for the fifth consecutive day with Brent experiencing its biggest gain for a trading session this year.
The event calendar starts in earnest today for the week with data releases across the jurisdictions and traders are expecting to see more volatility as we progress through the day.
| Market | Change | Close |
| Dow | -0.36% | 39,357 |
| S&P | – | 5,344 |
| Nasdaq | +0.21% | 16,780 |
| USD | -0.06% | 103.10 |
| US Treasury – 2 Year | -4.4 bps | 4.009% |
| US Treasury – 10 Year | -3.8 bps | 3.904% |
| Oil – Brent | +3.3% | $82.30 |
| Oil – WTI | +4.2% | $80.06 |
| Gold | +1.5% | $2,468 |
Today’s Events (AEST):
Asian Session
- 11.30 am – Australia – Wage Price Index Data
European Session
- 4.00 pm – UK – Employment Data
US Session
- 10.30 pm – US – PPI Data
