US Stock markets pushed higher again in trading yesterday despite Fed Chair Jerome Powell advising that he sees just another 50 basis points of cuts into the end of the year.
Treasury yields and the dollar pushed higher after the update whilst Oil prices traded in familiar ranges. Gold took another step lower off recent all-time highs, yet remains at elevated levels.
The data calendar starts to pick up today with key data due out of the Eurozone and we have the first of the US jobs numbers for the week later in the day.
| Market | Change | Close |
| Dow | +0.04% | 42,330 |
| S&P | +0.42% | 5,762 |
| Nasdaq | +0.38% | 18,189 |
| USD | +0.42% | 100.86 |
| US Treasury – 2 Year | +8.8 bps | 3.651% |
| US Treasury – 10 Year | +4.9 bps | 3.800% |
| Oil – Brent | -0.08% | $71.77 |
| Oil – WTI | -0.01% | $68.17 |
| Gold | -0.9% | $2,634 |
Today’s Events (AEST):
Asian Session
- 00 am – New Zealand – NZIER Business Confidence Data
- 30 am – Australia – Retail Sales Data
European Session
- 00 pm – Eurozone – Core CPI Flash Estimate Data
- 00 pm – Eurozone – CPI Flash Estimate Data
US Session
- 45 pm – US – Final Manufacturing PMI Data
- 00 am – US – ISM Manufacturing PMI Data
- 00 am – US – JOLTS Job Openings Data
