US data came in stronger than expected and stocks and treasuries rallied whilst it helped the dollar ease another downward trend. Oil prices fell as OPEC+ confirmed it will go ahead with a planned output hike and Gold topped out at $2,685.42.
With products continuing to hit record levels, traders are expecting another busy day to close out the week today. There is more data scheduled to hit the markets across all three of the trading sessions today including the Fed’s favoured inflation metric, the Core PCE Price Index early in the New York time zone.
| Market | Change | Close |
| Dow | +0.62% | 42,175 |
| S&P | +0.40% | 5,745 |
| Nasdaq | +0.60% | 18,190 |
| USD | -0.42% | 100.53 |
| US Treasury – 2 Year | +6.8 bps | 3.621% |
| US Treasury – 10 Year | +0.8 bps | 3.789% |
| Oil – Brent | -2.53% | $71.60 |
| Oil – WTI | -2.90% | $67.67 |
| Gold | +0.50% | $2,670.52 |
Today’s Events (AEST):
Asian Session
- 9.30 am – Japan – Tokyo Core CPI Data
European Session
- 5.00 pm – Spain – Flash CPI Data
US Session
- 10.30 pm – Canada – GDP Data
- 10.30 pm – US – Core PCE Price Index Data
- 12.00 am – US – Revised University of Michigan Consumer Sentiment Data
The post Daily Market Snapshot: Record-Breaking Day Continues in Financial Markets appeared first on ATFX Global – Official Website.
Discover more from FX Live
Subscribe to get the latest posts sent to your email.