Today’s Market News |
Key developments on Wednesday: |
|
Beijing said it was “fully confident” of achieving its full-year growth target but refrained from introducing stronger fiscal steps, While China shares initially rallied to two-year highs after the holiday they lost steam after the state planner did not provide details to sustain market optimism.
Fixed Income
Markets hold in anticipation of Mid-east conflagaration, thursday’s CPI and next FOMC’s next step on rates.
10-year Treasury yield held above 4% for a second day.
Equities
MSCI’s international ACWI advanced 1.24 points, or 0.15%, to 844.96, STOXX 600 index ended 0.55% lower.
Hang Seng plunged 9.4%, its biggest drop since 2008, erasing some of the big gains made during a Chinese holiday.
Shanghai Composite and CSI300 both ended 4.6% and 5.9% higher, respectively, paring earlier gains of more than 10%.
Forex
Commodities
U.S. crude settled down 4.63% to $73.57 a barrel, and Brent tumbled to settle at $77.18 per barrel, also down 4.63%.
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
|
42,080.37 | +126.13 | 0.30%Positive |
|
trading higher
Nasdaq Composite Index
.IXIC |
18,182.92 | +259.01 | 1.45%Positive |
|
trading higher
S&P 500 Index
.SPX |
5,751.13 | +55.19 | 0.97%Positive |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
Nikkei Index
.N225 |
39,315.80 | +378.26 | 0.97%Positive |
|
unchanged
Hang Seng Index
.HSI |
20,926.79 | — | — |
|
trading higher
S&P BSE SENSEX Index
.BSESN |
81,634.81 | +584.81 | 0.72%Positive |
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