US Stock markets drifted lower in trading yesterday as investors looked ahead to more key earnings updates from the big tech firms. The dollar slipped across the board whilst treasury yields had a mixed day after the ADP Jobs data came in much stronger than expected.
Oil prices rallied after US stockpile data fell unexpectedly, whilst Gold continued its meteoric rise to push to fresh record highs.
It is another massive day ahead for markets with top tier data due out across the trading sessions, including more jobs data and the PCE Index in the US and the Bank of Japan is set to update the market on its latest rate call.
| Market | Change | Close |
| Dow | -0.15% | 42,167 |
| S&P | -0.27% | 5,816 |
| Nasdaq | -0.52% | 18,616 |
| USD | -0.16% | 104.07 |
| US Treasury – 2 Year | +3.5 bps | 4.154% |
| US Treasury – 10 Year | -1.0 bps | 4.264% |
| Oil – Brent | +2.01% | $72.55 |
| Oil – WTI | +2.08% | $68.61 |
| Gold | +0.5% | $2,788.36 |
Today’s Events (AEST):
Asian Session
- 12.30 pm – China – Manufacturing and Non-Manufacturing PMI data
- No Fixed Time- Japan – Bank of Japan Rate Decision
European Session
- 9.00 pm – Eurozone – CPI Flash Estimate Data
US Session
- 11.30 pm – Canada – GDP Data
- 11.30 pm – US – Core PCE Price Index Data
- 11.30 pm – US – Employment Cost Index Data
- 11.30 pm – US – Weekly Unemployment Claims Data
- 12.45 pm – US – Chicago PMI Data