As expected, it was a relatively lacklustre and range bound day in financial markets yesterday as investors prepared for an avalanche of data and central bank updates in the coming days. The major US stock indices all closed close to flat, whilst treasuries pushed lower as traders looked ahead to a dovish Fed on Thursday.
Oil had more decent moves with Black Gold losing again as peace hopes continue to increase in the middle east, despite further violence over the weekend and Gold drifted lower off of recent highs.
The macroeconomic event calendar starts to pick up later today with key inflation numbers due out in Europe and the first of the key tier 1 data prints coming out of the states, including the first of four jobs’ numbers for the week.
| Market | Change | Close |
| Dow | -0.12% | 40,539 |
| S&P | +0.08% | 5,463 |
| Nasdaq | +0.07% | 17,370 |
| USD | +0.18% | 104.56 |
| US Treasury – 2 Year | flat | 3.383% |
| US Treasury – 10 Year | -3.3 bps | 4.167% |
| Oil – Brent | -1.7% | $79.78 |
| Oil – WTI | -1.8% | $75.81 |
| Gold | -0.3% | $2,378 |
Today’s Events (AEST) :
European Session
- All Day – EU – German CPI Data
- 5.00pm – EU – Spanish Flash CPI Data
US Session
- 12.00 am – US – CB Consumer Confidence Data
- 12.00 am – US – JOLTS Job Openings Data
