July 5, 202410:28 AM GMT+8
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower |
39,308.00 | -23.85 | 0.06%Negative |
|
trading higher .IXIC |
18,188.30 | +159.54 | 0.88%Positive |
|
trading higher .SPX |
5,537.02 | +28.01 | 0.51%Positive |
Fixed Income
U.S. Treasury yields: 2-year +1.3 bps to 4.71%; 10-year +2 bps to 4.37%.
Non-Farm payroll (NFP) today: Slowdown in hiring and uptick in unemployment is forecast, leaving open the door for U.S. rate cuts.
Equities
Asian markets scaled new highs as investors sized up U.S. rate cuts for Sep.
Nikkei and Topix both up to record levels
Samsung‘s estimate of above 15-fold profit rise in 2Q pushed Kospi and MSCI’s APAC ex-Japan to two-year peak.
STI +3% in as many days to two-year highs.
Forex
Sterling firm at $1.2767 as Britain’s Labour Party set to take over from 14 years of Conservative rule.
JPY rose slightly to 160.9.
EUR rose to $1.0817.
AUD six-month high of $0.6738 as yield spreads swung in its favour.
Commodities
Gold on course for largest weekly rise MTD, +1.4% to $2,357.
Brent above $87 due to firm demand with U.S. summer driving season.
Crypto
Bitcoin -2%, near four-month low at $56,955.
For more news, visit Reuters.com
