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Market Wrap: Stocks, Bonds, Commodities |
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On Monday, U.S. stocks regained upward momentum, with the S&P 500 advancing 86 points (+1.18%) to 7,440 and halting a five-session losing streak.
The Nasdaq 100 rebounded 656 points (+2.26%) to 29,774, and the Dow Jones was up 306 points (+0.59%) to 52,182, a record closing level.
Alphabet (GOOGL) rose 4.82% on the first day trading as a Dow Jones constituent stock.
Tesla (TSLA) gained 8.46% ahead of its highly anticipated second-quarter vehicle delivery data due later this week.
SpaceX (SPCX) climbed 7.15%. The stock is scheduled to join the Nasdaq 100 on July 7.
Strategy (MSTR) surged 12.60% after unveiling a capital management overhaul.
Semiconductor stocks closed broadly higher, with Applied Materials (AMAT) jumping 10.82%, Lam Research (LRCX) up 8.39%, Advanced Micro Devices (AMD) up 3.43%, and Intel (INTC) up 2.65%.
Broadcom (AVGO) added 2.04%, Nvidia (NVDA) gained 1.27%, and Micron (MU) was up 1.14%.
The U.S. 10-year Treasury yield was flat at 4.376%.
European stock markets closed lower, with the DAX 40 falling 0.18%, the CAC 40 down 0.21%, and the FTSE 100 down 0.23%.
U.S. WTI crude futures settled 1.52 dollars higher (+2.20%) at 70.75 dollars a barrel.
Gold retreated 72 dollars (-1.77%) to 4,015 dollars an ounce, failing to rebound further.
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The U.S. dollar declined for a third consecutive session, with the dollar index dropping to 101.09.
The U.S. Dallas Fed manufacturing index came in at 0.0 for June (vs 2.0 expected, 0.4 in May).
EUR/USD gained 43 pips to 1.1426.
USD/JPY rose 20 pips to 161.93. Japan’s retail sales grew 1.9% month-on-month in May, exceeding expectations.
GBP/USD advanced 59 pips to 1.3260, while AUD/USD dipped 8 pips to 0.6889.
USD/CHF slipped 26 pips to 0.8070, while USD/CAD added 8 pips to 1.4202.
Bitcoin rose alongside risk assets, recovering the 60,000-dollar level.
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In Asian trading hours, USD/JPY advanced to 162.12, its highest level in nearly 40 years. Japan's jobless rate stayed at 2.5% in May as expected, while industrial production rose 0.5% month-on-month, compared with the estimated growth of 1.1%.
On the other hand, China's official manufacturing purchasing managers index climbed to 50.3 in June, above the 50.1 expected.
Meanwhile, EUR/USD eased to 1.1403 and GBP/USD fell to 1.3235.
Gold dropped to 3,959 dollars.
Bitcoin retreated to 59,920 dollars.
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Germany's jobless rate is expected to edge up to 6.4% in June, while inflation rate is estimated to ease to 2.5% year-on-year. Also, retail sales are anticipated to slip 0.1% month-on-month in May.
France's inflation rate is expected to slow to 2.1% year-on-year in June, while producer price index is estimated to be up 4.6% in May.
In the U.S., the Chicago purchasing managers index is expected to slip to 60.0 in June, while the Conference Board consumer confidence index is estimated to climb to 94.2. Also, the JOLTs job openings are anticipated at 7.28 million.
Canada's gross domestic product is estimated to grow 0.4% month-on-month in April.
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