US Stocks pulled back in trading yesterday as investors looked ahead to fresh data and evaluate the longer-term impact of China’s stimulus package. The dollar gained strongly to push up off annual lows and treasury yields jumped higher.
Oil prices suffered as supply concerns out of Libya eased, but, yet again Gold rallied to another new high, with the peak now at $2,670.43.
There is strong potential for more volatility in markets today with the Swiss National Bank expected to cut rates again, some key US data due out, and we hear from a raft of central bank speakers, including Fed Chair Jerome Powell.
| Market | Change | Close |
| Dow | -0.70% | 41,914 |
| S&P | -0.19% | 5,722 |
| Nasdaq | +0.04% | 18,082 |
| USD | +0.68% | 100.91 |
| US Treasury – 2 Year | +3.7 bps | 3.557% |
| US Treasury – 10 Year | +4.9 bps | 3.784% |
| Oil – Brent | -2.27% | $73.46 |
| Oil – WTI | -2.61% | $69.69 |
| Gold | +0.18% | $2,662.00 |
Today’s Events (AEST):
European Session
- 5.30 pm – Switzerland – Swiss National Bank Rate Decision.
- 6.00 pm – Switzerland – Swiss National Bank Press Conference
US Session
- 10.30 pm – US – Final GDP Data
- 10.30 pm – US – Weekly Unemployment Claims Data
- 10.30 pm – US – Durable Goods Orders Data
- 11.20 pm – US – FOMC Chair Jerome Powell Speaks
The post Daily Market Snapshot: Markets Expect Volatility from Rates, Data, and Speeches appeared first on ATFX Global – Official Website.
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