US markets experienced another relatively quiet day ahead of tonight’s key PCE number. US data prints were on the whole softer than expected, showing that the economy is starting to slow and dovish investors will be looking for a similar result with tonight’s number.
Stock market indices remained at high levels as treasury yields pulled back, taking the dollar off recent highs, although FX traders are still firmly focused on Yen levels which remain at multi-year lows.
Oil and Gold prices both pushed back into higher ranges as geo-political concerns, both in Europe and the Middle East, weighed on sentiment.
There are several data releases scheduled across the trading sessions today as well as the first US presidential debate but the main focus, as it has been for most of the week, will be on the key PCE data release early in the US session.
| Market | Change | Close |
| Dow | +0.11% | 39,169 |
| S&P | +0.07% | 5,483 |
| Nasdaq | +0.30% | 17,857 |
| USD | -0.1% | 105.91 |
| US Treasury – 2 Year | -3 bps | 4.716% |
| US Treasury – 10 Year | -3 bps | 4.288% |
| Oil – Brent | +1.34% | $86.39 |
| Oil – WTI | +1.04% | $81.74 |
| Gold | +1.23% | $2,324 |
Today’s Events:
Asian Session
- 9.30 am – Japan – Tokyo Core CPI
- 11.00 am – US – Presidential Debate
European Session
- 4.45 pm – EU – French Prelim CPI Data
- 5.00 pm – EU – Spanish Flash CPI Data
US Session
- 10.30 pm – US – Core PCE Price Index Data
- 10.30 pm – Canada – GDP Data
- 11.45 pm – US – Chicago PMI Data
- 12.00 am – US – Revised University of Michigan Consumer Sentiment Data
