Global markets rallied again in trading yesterday as China announcement a huge stimulus package. US Stocks took advantage with Chinese sensitive tech stocks leading the way, Nvidia notably jumping 4%. The Dow and the S&P again notched up record highs.
US treasury yields slipped, and the dollar took a big hit, now trading close to annual lows again on the index. Oil and Gold powered higher with Gold again printing a fresh record at $2,664.25.
Traders are expecting more moves in the market today as investors continue to digest the latest updates and evaluate how long the measures out of China will boost confidence. The calendar is slightly quieter today although Australian CPI data and US numbers later will draw investor attention.
| Market | Change | Close |
| Dow | +0.20% | 42,208 |
| S&P | +0.25% | 5,732 |
| Nasdaq | +0.56% | 18,074 |
| USD | -0.60% | 100.35 |
| US Treasury – 2 Year | -3.6 bps | 3.540% |
| US Treasury – 10 Year | -0.1 bps | 3.733% |
| Oil – Brent | +1.7% | $75.17 |
| Oil – WTI | +1.7% | $71.56 |
| Gold | +1.08% | $2,656.92 |
Today’s Events (AEST):
Asian Session
- 11.30 am – Australia – CPI Data
US Session
- 12.00 am – US – New Home Sales Data
- 12.30 am- US – Crude Oil Inventories Data
The post Global Markets Surge on China Stimulus, Gold Hits Record High appeared first on ATFX Global – Official Website.
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