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Shares rise, dollar drop on rate cut bet – Aug 21

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Index Last Change % Change
trading lower

40,834.97 -61.56 0.15%Negative
trading lower

17,816.94 -59.83 0.33%Negative
trading lower

5,597.12 -11.13 0.20%Negative

 

Source: LSEG, opens new tab – data delayed by at least 15 minutes

 

 

Fixed Income

US 10-year yield dipped 3.8 bps to 3.83%.

The two-year Treasury yield is back below 4.00% and the dollar index is down 3% this month.

10-year JGB futures 2JGBv1 rose to 144.76 as of 0512 GMT, taking cues from overnight U.S. yields drop.

Equities

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab hit a one-month high before giving up some gains to trade 0.3% higher.
Japan’s Nikkei 225 (.N225), opens new tab rose to its strongest level in over two weeks, closing up 1.8%, but Chinese blue-chips (.CSI300), opens new tab fell 0.7% on continued worries over the country’s gloomy economic outlook. Hong Kong’s Hang Seng Index (.HIS), opens new tab edged down 0.3%.

Forex

dollar index =USD was last down 0.22% at 101.65, having reached 101.62, its lowest level since Jan. 2.

Commodities

Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the Federal Reserve will likely cut interest rates in September.

Spot gold XAU= rose 0.3% to $2,510.35 per ounce by 01:44 p.m. ET [1744 GMT], after hitting an all-time high of $2,531.60 earlier in the session.

Oil prices extended earlier losses, with Brent crude last down 0.6% at $77.21 a barrel. U.S. crude fell 0.7% to $74.04 per barrel.

 

for more news, visit reuters.com