US equities rallied strongly, led by tech after Microsoft’s earnings beat sent its shares surging more than 15% and lifted all three major indices, with the Nasdaq outperforming. Treasury yields eased across the curve while the dollar suffered its sharpest decline in weeks, amplified by Bank of Japan intervention ahead of today’s rate decision. Oil slipped despite ongoing Middle East conflict as traders stayed cautious on supply impact, while gold gained on the weaker dollar, trading near range highs. Focus shifts to a busy end to the week, headlined by the BoJ’s rate decision and press conference, followed by Eurozone inflation data and a run of US releases.
📊 Equities
US equities rallied strongly, led by tech after Microsoft’s earnings beat sent its shares surging more than 15% and lifted all three major indices, with the Nasdaq outperforming. The Dow rose 1.19% to 52,208, the S&P 500 gained 1.66% to 7,437, and the Nasdaq jumped 2.78% to 25,122.
🛢️ Oil
Oil slipped despite ongoing Middle East conflict as traders stayed cautious on supply impact. Brent fell 1.45% to $89.42, while WTI dropped 1.03% to $83.59.
🥇 Gold
Gold gained on the weaker dollar, rising 0.92% to $4,102.39, trading near range highs.
💵 FX & Bonds
Treasury yields eased across the curve while the dollar suffered its sharpest decline in weeks, amplified by Bank of Japan intervention ahead of today’s rate decision. The USD fell 0.87% to 100.01, the 2-year Treasury yield eased 2.7 bps to 4.246%, and the 10-year Treasury yield eased 0.4 bps to 4.673%.
| Market | Change | Close |
|---|---|---|
| Dow Jones | +1.19% | 52,208 |
| S&P 500 | +1.66% | 7,437 |
| Nasdaq | +2.78% | 25,122 |
| USD Index | -0.87% | 100.01 |
| US 2Y Treasury | -2.7 bps | 4.246% |
| US 10Y Treasury | -0.4 bps | 4.673% |
| Brent Crude | -1.45% | $89.42 |
| WTI Crude | -1.03% | $83.59 |
| Gold | +0.92% | $4,102.39 |
📌 Today’s Focus
Focus shifts to a busy end to the week, headlined by the BoJ’s rate decision and press conference, followed by Eurozone inflation data and a run of US releases, with Middle East developments still in view.
🔹 Japan – Bank of Japan Interest Rate Decision
🔹 Japan – Bank of Japan Press Conference
🔹 EU – CPI Flash Estimate Data
🔹 US – Employment Cost Index Data
🔹 Canada – GDP Data
🔹 US – Revised University of Michigan Consumer Sentiment Data
🔹 US – Revised University of Michigan Inflation Expectations Data