US equities extended their rally overnight as investors continued to digest Friday’s softer-than-expected employment data, supporting expectations that the Federal Reserve may hold rates steady this month. Technology stocks led the advance, with the Nasdaq closing at another record high and the S&P 500 also posting solid gains. Treasury markets were mixed as shorter-dated yields edged lower while longer-dated yields continued to climb, and the US dollar strengthened as the euro touched its lowest level in 17 months. Commodities softened, with oil falling as Middle Eastern export volumes increased despite ongoing conflict and gold easing modestly near key technical support. The economic calendar remains light, with Bank of Japan Governor Kazuo Ueda’s comments and geopolitical developments set to guide broader market sentiment.
📊 Equities
US equities extended their rally overnight as investors continued to digest Friday’s softer-than-expected employment data. Technology stocks led the advance, with the Nasdaq closing at another record high. The Dow gained 0.18%, the S&P 500 rose 0.66% and the Nasdaq advanced 1.05%.
🛢️ Oil
Oil prices declined after reports confirmed that Middle Eastern export volumes are increasing despite ongoing regional conflicts. Brent crude fell 2.07%, while WTI crude dropped 2.14%.
🥇 Gold
Gold eased 0.05% to $4,140.11 but remains trading near key technical support levels.
💵 FX & Bonds
Treasury markets were mixed, with shorter-dated yields edging lower while longer-dated yields continued to climb. The US dollar strengthened, driven largely by continued weakness in the euro, which touched its lowest level in 17 months. The US dollar index rose 0.20%.
| Market | Change | Close |
|---|---|---|
| Dow Jones | +0.18% | 51,267 |
| S&P 500 | +0.66% | 7,773 |
| Nasdaq | +1.05% | 27,477 |
| USD Index | +0.20% | 102.13 |
| US Treasury 2-Year | -1.3 bps | 4.812% |
| US Treasury 10-Year | +3.0 bps | 5.303% |
| Brent Crude | -2.07% | $100.12 |
| WTI Crude | -2.14% | $89.16 |
| Gold | -0.05% | $4,140.11 |
📌 Today’s Focus
The economic calendar remains relatively light. Focus during the Asian session will be on comments from Bank of Japan Governor Kazuo Ueda, while geopolitical developments are likely to remain the primary driver of broader market sentiment.
🔹 Asian Session – All Day – China – Bank Holiday
🔹 Asian Session – 5:35 pm – Japan – Bank of Japan Governor Kazuo Ueda Speaks
🔹 North American Session – 1:00 am – Canada – Ivey PMI Data