US equities extended their winning streak overnight, with both the Nasdaq and S&P 500 closing at fresh record highs. The Dow Jones also advanced, while Treasury yields and the US dollar pared some of their previous day’s declines.
In commodities, oil prices climbed after reports that Israel targeted Hamas leaders in Qatar, raising geopolitical risk premiums. Meanwhile, gold pulled back slightly from record levels as investors shifted their focus toward upcoming US inflation data.
The economic calendar begins to pick up pace today, with inflation readings from both China and the United States set to dominate market attention. Traders will also monitor commentary from central bankers later in the global session.
Market Moves
- Dow Jones: +0.43% to 45,711
- S&P 500: +0.27% to 6,512
- Nasdaq: +0.37% to 21,879
- US Dollar Index: +0.31% to 97.77
- US 2-Year Treasury Yield: +7.0 bps to 3.556%
- US 10-Year Treasury Yield: +4.4 bps to 4.084%
- Brent Crude: +0.68% to $66.47
- WTI Crude: +0.69% to $62.70
- Gold: -0.25% to $3,625.81
Today’s Key Events (AEST)
Asian Session
- 11:30 am – China CPI
- 11:30 am – China PPI
European Session
- 9:45 pm – SNB Chair Schlegel Speaks
US Session
- 10:30 pm – US PPI
- 12:30 am – US Crude Oil Inventories
📌 This sets the stage for a potentially volatile trading day, with inflation data and central bank commentary likely to guide sentiment across equities, bonds, and commodities.
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