US Stock markets fell again in trading yesterday with tech shares leading the way down after Salesforce forecast worse than expected second quarter revenue. US GDP data also came in under expectations and jobless claims climbed. The dollar had initially moved higher in the trading day but ultimately fell in the later sessions. Oil Prices also took a dive as US inventories rose and overall demand dropped.
Investor focus is firmly rooted in tonight’s key US PCE Price Index number with traders expecting plenty of volatility around the release of the FOMC’s favoured inflation indicator.
| Market | Change | Close |
| Dow | -0.86% | 38,111 |
| S&P | -0.60% | 5,235 |
| Nasdaq | -1.08% | 16,737 |
| USD | -0.37% | 104.74 |
| US Treasury – 2 Year | -5.4 bps | 4.931% |
| US Treasury – 10 Year | -6.8 bps | 4.556% |
| Oil – Brent | -2.1% | $81.86 |
| Oil – WTI | -1.7% | $77.91 |
| Gold | +0.2% | $2,344 |
Today’s Events:
Asian Session
- 9.30 am – Tokyo Core CPI Data
- 11.30 am – Chinese Manufacturing and Non-Manufacturing PMI Data
European Session
- 7.00 pm – Eurozone Core CPI and CPI Flash Estimate Data
US Session
- 10.30 pm – Canadian GDP Data
- 10.30 pm – US Core PCE Price Index Data
- 11.45 pm – US Chicago PMI Data
