Key developments to markets on Monday: |
|
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
41,938.45 | -696.75 | 1.63%Negative |
|
trading lower
Nasdaq Composite Index
.IXIC |
19,161.63 | -317.25 | 1.63%Negative |
|
trading lower
S&P 500 Index
.SPX |
5,827.04 | -91.21 | 1.54%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
41,938.45 | -696.75 | 1.63%Negative |
|
trading lower
Nasdaq Composite Index
.IXIC |
19,161.63 | -317.25 | 1.63%Negative |
|
trading lower
S&P 500 Index
.SPX |
5,827.04 | -91.21 | 1.54%Negative |
Fixed Income
US 10-year Treasuries hit 14-month peaks of 4.79%, last trading at 4.764% in Asia.
Markets have already scaled back expectations for Federal Reserve rate cuts to just 27 basis points for all of 2025, with the terminal level now seen around 4.0% compared to the 3.0% many had hoped for this time last year.
Equities
Major share indexes slipped in Asia on Monday.
MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS), edged down 0.4%.
Nikkei shut, futures traded down sharply at 38,430 compared to a cash close of 39,190.
China CSI 300 off 0.2%, as data showed exports rose 10.7% and imports added 1%.
Forex
USD near 14-month peaks after an unambiguously strong NFP.
JPY at 157.60, off a six-month top of 158.88.
GBP pinned at 14-month lows of $1.2170.
Commodities
Gold firm at $2,688 an ounce, resilient against stronger dollar and higher bond yields.
Oil up with concerns as Russia’s seaborne exports hit their lowest since August 2023.
Brent jumped $1.19 to $80.94, U.S. crude surged $1.27 to $77.84 per barrel.
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