|
| |
Market Wrap: Stocks, Bonds, Commodities |
|
|
| |
|
|
|
| |
On Thursday, tech stocks led the U.S. market higher, with the Nasdaq 100 rising 474 points (+1.62%) to 29,727. The S&P 500 advanced 60 points (+0.81%) to 7,543, and the Dow Jones was up 139 points (+0.27%) to 52,487.
Semiconductor and data-storage stocks rebounded for a second consecutive session, with Arm Holdings (ARM) rising 9.20%, Advanced Micro Devices (AMD) up 5.67%, Micron (MU) up 4.52%, and Sandisk (SNDK) up 7.59%.
Reports said the forthcoming 28-billion-dollar U.S. share listing of SK Hynix, a major South Korean chipmaker, was oversubscribed for more than seven times.
Meta Platforms (META) gained 4.70%. The company announced the release of a paid AI model designed for developers called Muse Spark 1.1.
Tesla (TSLA) rose 3.17%. UBS raised its price target for the stock to 442 dollars from 364 dollars.
PepsiCo (PEP) dropped 3.26%. The company’s North American foodbusiness reported a 2% drop in sales in the second quarter.
Costco (COST) fell 4.21%. The company’s comparable sales growth in June slowed compared with May.
The U.S. 10-year Treasury yield eased 3 basis points to 4.549%.
In Europe, the DAX 40 rose 0.89%, and the CAC 40 was up 0.90%, while the FTSE 100 closed 0.16% lower.
U.S. WTI crude futures retreated 1.44 dollars (-1.96%) to 72.08 dollars a barrel.
Gold rebounded 46 dollars (+1.14%) to 4,123 dollars an ounce, halting a three-session decline.
|
| |
|
|
|
|
|
|
|
|
| |
The U.S. dollar eased further, with EUR/USD gaining 15 pips to 1.1429.
U.S. existing home sales fell 2.4% month-on-month in June (vs +0.7% expected, +3.7% in May). Weekly U.S. initial jobless claims fell slightly to 215,000, lower than expected.
USD/JPY dropped 19 pips to 162.39, ending a four-session rally.
GBP/USD advanced 20 pips to 1.3406, and AUD/USD added 11 pips to 0.6939.
USD/CHF was down 15 pips to 0.8065.
Bitcoin rebounded alongside risk assets, climbing more than 1% to 63,200 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
In Asian trading hours, USD/JPY retreated to 161.40. Japan's Finance Minister Satsuki Katayama said the government is planning to introduce measures that will encourage pension funds, including the Government Pension Investment Fund, to significantly increase their investments in domestic financial assets.
On the other hand, Japan's producer price index rose 7.1% year-on-year in June, above 6.8% expected.
Meanwhile, EUR/USD rose to 1.1458 and GBP/USD advanced to 1.3447.
Gold was steady at 4,125 dollars.
Bitcoin edged up to 63,787 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
|
Canada's employment is estimated to increase by 10,000 in June, while jobless rate is expected to stay at 6.6%.
|
| |
|
|
|
|
|
