Today’s Market News |
Key developments on Monday: |
|
Fixed Income
Prospect of global policy easing boosted bonds, 10-year Treasury yields hit 15-month lows, 2-year yields lowest since March 2023. 10-year was last at 3.734% and the two at 3.661%, leaving the curve near its steepest since mid-2022.
Equities
Nikkei bore the brunt of the early selling as a stronger yen pressured exporters, losing 2.4% on top of a near 6% slide last week.
MSCI’s broadest index of APAC ex-Japan slipped 0.6%, after losing 2.25% last week.
Forex
Yield drop encouraged further unwinding of yen carry trades, seeing USD sink to 141.75 yen on Friday before steadying at 142.41 early Monday.
EUD held at $1.1090 , having briefly been as high as $1.1155 on Friday.
Commodities
Slide in bond yields kept gold restrained at $2,496 an ounce, short of its recent all-time top of $2.531.
Oil found support after biggest weekly fall in 11 months last week amid persistent concerns about global demand.
Brent added 57 cents to $71.63 a barrel, U.S. crude firmed 60 cents to $68.27 per barrel.
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
40,345.41 | -410.34 | 1.01%Negative |
|
trading lower
Nasdaq Composite Index
.IXIC |
16,690.83 | -436.83 | 2.55%Negative |
|
trading lower
S&P 500 Index
.SPX |
5,408.42 | -94.99 | 1.73%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
Nikkei Index
.N225 |
35,437.61 | -953.86 | 2.62%Negative |
|
unchanged
Hang Seng Index
.HSI |
17,444.30 | — | — |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
81,183.93 | -1017.23 | 1.24%Negative |
For more news visit Reuters.com
