Today’s Market News |
Key developments on Thursday: |
|
Summary
- Wall Street stocks end lower
- Gold pulls back from all-time high
- Dollar index gains
- US yields hit three-month highs
- Crude prices slip
Fixed Income
U.S. 10-year notes hit three-month highs and was last up 3.2 basis points at 4.238%.
Equities
bearish backdrop to Asian trading on Thursday, although the 8% surge in Tesla shares after the close on Wednesday following the company’s third-quarter results may offer the tech sector some support.
There’s a raft of top-tier local economic data due from Asia on Thursday, including purchasing managers index reports from Japan, India and Australia, third quarter GDP from South Korea, and inflation figures from Malaysia.
Forex
DXY rose 0.26% to 104.37.
USD strengthened 1% to 152.57 agianst JPY. EUR fell 0.11% to $1.0785.
Commodities
Gold retreated after hitting record highs amid gains in the U.S. dollar. Demand for safe-haven gold is partly driven by U.S. election worries and geopolitical tensions in the Middle East and Europe.
U.S. gold futures fell 0.1% to $2,741.50 an ounce. It hit a record high of $2,758.37 earlier in the session.
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
42,514.95 | -409.94 | 0.96%Negative |
|
trading lower
Nasdaq Composite Index
.IXIC |
18,276.65 | -296.48 | 1.60%Negative |
|
trading lower
S&P 500 Index
.SPX |
5,797.42 | -53.78 | 0.92%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
Nikkei Index
.N225 |
38,266.45 | +161.59 | 0.42%Positive |
|
trading lower
Hang Seng Index
.HSI |
20,602.88 | -157.27 | 0.76%Negative |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
80,081.98 | -138.74 | 0.17%Negative |
