|
| |
Market Wrap: Stocks, Bonds, Commodities |
|
|
| |
|
|
|
| |
On Thursday, U.S. technology stocks rebounded, with the Nasdaq 100 jumping 371 points (+1.51%) to 25,019.
The S&P 500 added 53 points (+0.79%) to 6,774, and the Dow Jones Industrial Average was up 65 points (+0.14%) to 47,951.
Investors were relieved to see that U.S. consumer price inflation eased to 2.7% year on year in November, lower than expected.
The U.S. 10-year Treasury yield declined 2.9 basis points to 4.124%.
Micron Technology (MU) jumped 10.21%. The maker of artificial-intelligence-related (AI) memory chips reported better-than-expected quarterly revenue and earnings, and issued a strong result outlook.
Other tech stocks under the AI theme also rebounded, with Alphabet (GOOGL) gaining 1.93%, Nvidia (NVDA) up 1.79%, Palantir (PLTR) up 4.74%, and Meta (META) up 2.30%.
Also, Microsoft (MSFT) rose 1.65%, Amazon (AMZN) climbed 2.48%, and Tesla (TSLA) bounced 3.45%.
European stocks also closed higher, with the DAX 40 rising 0.28%, the CAC 40 up 0.80%, and the FTSE 100 up 0.65%.
Gold price ran up to 4,375 dollars an ounce before easing back to 4,333 dollars.
U.S. WTI crude futures settled 9 cents higher at 55.90 dollars a barrel.
U.S. envoys and a Russian delegation will have a meeting concerning the Russia-Ukraine war in Miami this weekend. U.S. President Donald Trump said he believes talks toward ending the war in Ukraine are "getting close to something".
|
| |
|
|
|
|
|
|
|
|
| |
The U.S. dollar index edged up to 98.44.
EUR/USD declined 16 pips to 1.1723. As expected, the European Central Bank left its key interest unchanged.
GBP/USD was little changed at 1.3377. As expected, the Bank of England cut its key interest rate by 25 basis points to 3.75%.
USD/JPY retreated 8 pips to 155.59. Later today, the Bank of Japan is expected to raise its key interest rate by 25 basis points to 0.75%.
AUD/USD added 8 pips to 0.6610.
USD/CHF slipped 16 pips to 0.7938, and USD/CAD dipped 4 pips to 1.3780.
Bitcoin failed to break above the level of 90,000 dollars, pulling back to 85,300 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
On Friday, in Asian trading hours, USD/JPY surpassed the level of 156.00.
As expected, the Bank of Japan raised its key interest rate by 25 basis points to 0.75%, the highest level since 1995.
Also, Japan's core inflation rate held steady at 3.0% year on year in November.
EUR/USD was stable at 1.1724, and GBP/USD was buoyed at 1.3378.
AUD/USD was little changed at 0.6612.
Gold price eased to 4,320 dollars an ounce.
Bitcoin bounced back to 87,000 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
U.S. existing home sales are expected to fall 4.8% month on month in November.
U.K. retail sales may grow 0.4% month on month in November.
Germany's producer prices are expected to drop 2.0% year on year in November.
France's producer prices may fall 3.5% year on year in November.
|
| |
|
|
|
|
|
