US Stock markets drifted lower in trading yesterday as investors continued to digest the latest update from the Fed and assessed risks with increased tensions in the Middle East. Treasury yields and the dollar both edged higher after taking significant hits at the end of last week, but the big moves came in Oil on the back of those supply concerns as both Brent and WTI rose around 3%.
Gold remains trading near historic levels as geopolitical risks and a weaker dollar continue to support the world’s favourite precious metal.
It’s another relatively quiet market event calendar day for traders, although we do have the first tier 1 data hit in the US when Consumer Confidence numbers are released later tonight.
| Market | Change | Close |
| Dow | +0.07% | 41,205 |
| S&P | -0.30% | 5,617 |
| Nasdaq | -0.79% | 17,736 |
| USD | +0.18% | 100.84 |
| US Treasury – 2 Year | +1 bps | 3.923% |
| US Treasury – 10 Year | +0.3 bps | 3.810% |
| Oil – Brent | +2.7% | $81.15 |
| Oil – WTI | +3.18% | $77.21 |
| Gold | +0.14% | $2,514 |
Today’s Events (AEST):
Asian Session
- 3.00 pm – Japan – BOJ Core CPI Data
US Session
- 12.00 am – US – CB Consumer Confidence Data
- 12.00 am – US – Richmond Manufacturing Index Data
