US Stock markets were hit again in trading yesterday with the Dow joining in this time to fall off record highs and lead the way down, losing over 1% on the day. US Treasury yields and the dollar gained back some of their recent lost ground as US data came in better than expected.
Oil markets traded in a relatively tight range with both Brent and WTI closing close to flat, and Gold dropped again from recent record levels.
It is a quieter macroeconomic data calendar today with Retail Sales data in the UK and Canada the standouts, however newswires again look set to have a bigger influence on direction into the weekend.
| Market | Change | Close |
| Dow | -1.29% | 40,668 |
| S&P | -0.77% | 5,545 |
| Nasdaq | -0.70% | 17,871 |
| USD | +0.49% | 104.18 |
| US Treasury – 2 Year | +3.4 bps | 4.463% |
| US Treasury – 10 Year | +4.4 bps | 4.190% |
| Oil – Brent | +0.05% | $85.11 |
| Oil – WTI | -0.04% | $82.82 |
| Gold | -0.54% | $2,445 |
Today’s Events:
European Session
- 4.00 pm – UK – Retail Sales Data
US Session
- 10.30 pm – Canada – Retail Sales Data
- 12.40 am – US – FOMC Member Williams Speaks
