As expected, it was a relatively lacklustre day in financial markets yesterday, as a very quiet macroeconomic calendar combined with Bank holidays in the US and Canada led to very quiet range bound trading conditions.
Currencies stuck to recent ranges and stocks were little changed, however, oil did see some action, gaining back some of recent losses as Libyan exports remained halted.
With US markets shut, Asian traders have little impetus to kick things off today and once again there is little on the event calendar to spike interest. However, some key Swiss data in the European session and the first of many tier 1 data hits in the US, alongside the reopening of US markets after a long weekend should see volatility return to the markets.
| Market | Change | Close |
| Dow | +0.55% | 41,563 |
| S&P | +1.01% | 5,648 |
| Nasdaq | +1.13% | 17,713 |
| USD | -0.08% | 101.67 |
| US Treasury – 2 Year | +3.2 bps | 3.925% |
| US Treasury – 10 Year | +3.8 bps | 3.905% |
| Oil – Brent | +0.8% | $77.52 |
| Oil – WTI | +0.7% | $74.04 |
| Gold | +0.1% | $2,499 |
Today’s Events (AEST):
European Session
- 4.30 pm – Switzerland – CPI Data
- 5.00 pm – Switzerland – GDP Data
US Session
- 12.00 am – US – ISM Manufacturing PMI Data
- 12.00 am – US – ISM Manufacturing Prices Data
