Global stock markets continued in their upward momentum yesterday in quiet markets as both UK and US traders enjoyed a long weekend. Asian and European shares edged higher after Friday’s strong close on Wall Street as did futures for US markets, however most investors are now looking ahead to the next few days when we have a raft of inflation data which should give us a better idea on pending rate moves from key central banks.
Today’s event calendar is still relatively bare, with just Australian Retail Sales and US Consumer Confidence data scheduled on the data front. However, given the return of major markets to the fray and full liquidity, investors are expecting to see volatility pick up as we move through the trading sessions.
| Market | Daily Change | Close |
| Dow | +0.01% | 39,069 |
| S&P | +0.7% | 5,304 |
| Nasdaq | +1.10% | 16,920 |
| USD | -0.15% | 104.59 |
| US Treasury – 2 Year | +1.5bps | 4.948% |
| US Treasury – 10 Year | -1bps | 4.466% |
| Oil – Brent | +1.2% | $83.12 |
| Oil – WTI | +1.1% | $78.65 |
| Gold | +0.76% | $2,350 |
Today’s Events AEST:
Asian Session
- 11.30 am – Australian Retail Sales Data
- 2.55 pm – SNB Chairman Thomas Jordan Speaks
US Session
- 12.00 am – US CB Consumer Confidence Data
