Today’s Market News |
Key developments to markets on Thursday: |
|
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
44,368.56 | -225.09 | 0.50%Negative |
|
trading higher
Nasdaq Composite Index
.IXIC |
19,649.95 | +6.10 | 0.03%Positive |
|
trading lower
S&P 500 Index
.SPX |
6,051.97 | -16.53 | 0.27%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
Nikkei Index
.N225 |
39,484.37 | +520.67 | 1.34%Positive |
|
trading higher
Hang Seng Index
.HSI |
22,131.18 | +273.26 | 1.25%Positive |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
76,171.08 | -122.52 | 0.16%Negative |
Fixed Income
Treasury yields jumped on the inflation data.
US 10-year yields up 10 bps overnight to 3-week top of 4.66%, down 2 bps on Thursday at 4.6151%.
U.S. CPI rose by the most in nearly 1-1/2 years in January.
With Fed signalling no rush to cut rates further, investors scaled back expectations of more policy easing this year to just 28 bps, equivalent to just one cut.
Equities
Nikkei gained 1.1%. MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS), edged up 0.3%.
China’s CSI 300 flat but Hang Seng extended bullish run, up 1% to another 4-month high.
Forex
JPY 154.52, having jumped 1.3% overnight as U.S. yields shot up.
EUR recovered from earlier falls 0.1% higher at $1.0392 on Thursday.
Commodities
Oil extended overnight slump on hopes of Russia-Ukraine peace would mean the end of sanctions.
U.S. crude fell 0.7% to $70.88. Brent was also 0.7% lower at $74.66, having dropped 2.4% overnight.
Gold flat at $2,902 per ounce, not far from record high of $2,942.7 on Tuesday.
For more news visit Reuters.com
