US Stocks Markets Update
US Stocks markets hit fresh highs once again overnight as another weaker data print in the states pointed to quicker easing from the Fed. Both the S&P and the Nasdaq closed at fresh record highs powered once again by tech stocks and the AI revolution. Treasury yields dropped once again; however, the dollar did claw some ground back, notably against the Yen where markets remain volatile.
Traders are preparing for another busy day in the markets, with the main focus of the day coming in the London session when we hear the much anticipated rate call from the ECB.
Market Summary
| Market | Daily Change | Close |
|---|---|---|
| Dow | +0.25% | 38,807 |
| S&P | +1.18% | 5,354 |
| Nasdaq | +1.96% | 17,187 |
| USD | +0.1% | 104.27 |
| US Treasury – 2 Year | -4 bps | 4.731% |
| US Treasury – 10 Year | -5 bps | 4.289% |
| Oil – Brent | +1.2% | $78.41 |
| Oil – WTI | +1.1% | $74.07 |
| Gold | +1.2% | $2,355 |
Today’s Events (AEST)
European Session
- 6.30 pm – UK Construction PMI Data
- 10.15 pm – European Central Bank Rate Decision and Policy Statement
- 10.45 pm – European Central Bank Press Conference
US Session
- 10.30 pm – US Unemployment Claims Data
- 12.00 am – Canadian Ivey PMI Data
