Today’s Market News |
Key developments to markets on Friday: |
|
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
43,729.34 | -0.59 | 0.00%Negative |
|
trading higher
Nasdaq Composite Index
.IXIC |
19,269.46 | +285.99 | 1.51%Positive |
|
trading higher
S&P 500 Index
.SPX |
5,973.10 | +44.06 | 0.74%Positive |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
Nikkei Index
.N225 |
39,458.38 | +76.97 | 0.20%Positive |
|
trading higher
Hang Seng Index
.HSI |
21,118.16 | +164.82 | 0.79%Positive |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
79,541.79 | -836.34 | 1.04%Negative |
Fixed Income
The Fed lowered rates by 25 basis points on Thursday, as expected, noting that the job market has generally eased while inflation is moving toward its 2% target
US 10-year yield was last at 4.3355%, down 9 basis points on the day, after a 14 basis point rise on Wednesday, and the 30-year yield was last at 4.5393%, down over 6 bps after the previous day’s 15 bp jump.
Equities
Europe’s broad STOXX 600 index (.STOXX), opens new tab rose 0.6% after Asian shares gained earlier in the day, with even onshore Chinese blue chips rising 3% (.CSI300), opens new tab as investor optimism over potential stimulus outweighed concerns about worsening trade tensions.
Forex
DXY fell 0.7% after logging its biggest one-day gain in more than two years on Wednesday. Traders said they were closing out profitable bets on the Trump presidency and ahead of the Fed’s decision. EUR climbed 0.7% to $1.0803 after Wednesday’s 1.8% fall.
Commodities
Gold added 1.8%, following Wednesday’s more than 3% tumble, to $2,707.21 an ounce, not far from its recent record high of $2,790.15.
Oil reversed losses from a sell-off triggered by the U.S. presidential election. Brent crude oil futures rose 0.6% to $75.4 per barrel. U.S. West Texas Intermediate (WTI) crude also added 0.5% to settle at $72.04.
For more news visit Rueters.com
