|
| |
Market Wrap: Stocks, Bonds, Commodities |
|
|
| |
|
|
|
| |
On Thursday, major U.S. stock indexes held up well after gaining more than 1% in the prior session, with the S&P 500 edging up 12 points (+0.17%) to 7,445, and the Nasdaq 100 up 59 points (+0.2%) to 29,357.
The Dow Jones climbed 276 points (+0.55%) to 50,285, a record closing level.
Nvidia (NVDA) closed 1.77% lower despite reporting better-than-expected quarterly results, raising dividend and announcing an 80-billion-dollar share buyback.
Meanwhile, Arm Holdings (ARM) surged a further 16.16% after gaining 15% in the prior session.
Also, Micron (MU) rose 4.11%, Sandisk (SNDK) climbed 10.75%, and Western Digital (WDC) was up 5.84%.
IBM (IBM) advanced 12.43%. The company has been awarded 1 billion in federal funding to build a quantum chip foundry.
Ralph Lauren (RL) soared 13.87%. The apparel maker posted better-than-expected quarterly revenue and earnings, citing strong sales in China.
The U.S. 10-year Treasury yield dipped 1.3 basis points to 4.572%.
In Europe, the DAX 40 declined 0.53%, and the CAC 40 was down 0.39%, while the FTSE 100 closed 0.11% higher.
U.S. WTI crude futures dropped 1.91 dollars (-1.94%) to 96.35 dollars a barrel, while gold was little changed at 4,543 dollars an ounce.
|
| |
|
|
|
|
|
|
|
|
| |
The U.S. dollar held steady against other major currencies.
U.S. housing starts fell 2.8% month on month in April (vs -3.5% expected, +12.0% in March).
Building permits grew 5.8% month on month in April (vs +0.5% expected, -11.5% in March).
EUR/USD slipped 10 pips to 1.1617.
USD/JPY added 6 pips to 158.97. Japan's exports rose 14.8% year on year in April (vs +9.3% expected, +11.5% in March).
GBP/USD was little changed at 1.3433.
AUD/USD was largely flat at 0.7151. In Australia, the number of employed persons fell 18,600 in April, in contrast to an addition of 10,000 expected.
Bitcoin was stable at 77,600 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
In Asian trading hours, USD/JPY edged up to 159.04. Japan’s data showed that the core inflation rate slowed to 1.4% year on year in April, lower than expected.
Meanwhile, EUR/USD and GBP/USD were both little changed, at 1.1614 and 1.3430 respectively.
Gold fell to 4,524 dollars.
Bitcoin was broadly flat at 77,582 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
Germany's GfK consumer confidence index is expected to drop to -34.0 in June, while the Ifo business climate index is estimated to edge up to 84.6 in May.
U.K. retail sales are estimated to slip 0.3% month-on-month in April.
Canada's producer price index is expected to be up 10.0% year-on-year in April, while retail sales are estimated to increase by 0.5% month-on-month.
|
| |
|
|
|
|
|
