| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
39,357.01 | -140.53 | 0.36%Negative |
|
trading higher
Nasdaq Composite Index
.IXIC |
16,780.61 | +35.31 | 0.21%Positive |
|
trading higher
S&P 500 Index
.SPX |
5,344.39 | +0.23 | 0.00%Positive |
Asia market summary
- U.S. CPI, retail data to refine outlook for rates
- Dollar rises against yen, carry trade steadies
- Oil jumps on concerns of widening Mideast war curbing supply
Fixed Income
The yield on the 10-year Treasury note , which sets the tone for borrowing costs around the world, slipped to 3.9035% after climbing 15 bps last week in its biggest rise since April. Yields move inversely to prices.
Equities
Stock markets had a wild ride last week, driven by a plunge in Japan, on the back of weak U.S. jobs numbers and the unwinding of a highly popular Japanese yen trading strategy.
For now, some investors said Wednesday’s U.S. inflation report will set the tone for markets this week.
Japanese markets were closed for a holiday on Monday, leading to a calm Asia session which saw MSCI’s non-Japan Asia stock index tick 0.41% higher (.MIAPJ0000PUS), opens new tab.
China issues figures on retail sales and industrial production on Thursday, which are expected to show the economy continuing to underperform, potentially exacerbating some investors’ fears about global growth.
Forex
Japan’s yen slipped, with the dollar up 0.4% at 147.26 yen .
The dollar index was little changed at 103.16 while the euro rose 0.1% to $1.0928.
Commodities
Oil prices jumped by more than 3%, rising for a fifth consecutive session on expectations of a widening Middle East conflict threatened supplies.
Israeli Defense Minister Yoav Gallant spoke on Sunday with U.S. Defense Secretary Lloyd Austin and told him Iran’s military preparations suggest Iran is getting ready for a large-scale attack on Israel.
Brent futures settled 3.3% higher at $82.30 a barrel, while U.S. crude ended at $80.06, up 4.2%.
For more news, visit reuters.com
