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Markets Update: S&P 500 Enters Bull Market as Investors Eye Next Week's Key Economic Data
Today's important market events:
No major event to report.
Next week coming up: US CPI, Fed.
Global Markets Roundup: 09 June 2023
Asia-Pacific stocks mostly higher as investors eye US data
Asia-Pacific stocks traded mostly higher on Tuesday, following the gains on Wall Street on Monday where the S&P 500 entered a bull market and tech stocks outperformed. European equity futures were also higher, with the Euro Stoxx 50 up 0.1%.
The US dollar index was slightly lower, while the euro and the Japanese yen were slightly higher. US Secretary of State Antony Blinken's long-delayed trip to Beijing is now in planning for next week, according to Politico. The White House said that reports that Iran and the US are nearing a deal on Iranian uranium enrichment and sanctions relief are false.
In Australia, the ASX 200 was led by gains in the tech and mining sectors, but was capped by losses in the energy sector. The Nikkei 225 in Japan was the strongest performer, rising above the 32,000 milestone. The Hang Seng and Shanghai Composite indexes in Hong Kong and China were indecisive, with the latter weighed down by weaker-than-expected inflation data. US equity futures were consolidating near the prior day's highs, while European equity futures were indicative of a marginally higher open. The US dollar index was rangebound, while the euro and the Japanese yen were slightly higher.
Commodity markets
Crude oil prices remained subdued, but were well off the prior day's lows. Spot gold traded sideways, while copper futures were lacklustre.
Looking ahead, highlights for Wednesday include Canadian jobs data and a speech from ECB's Luis de Guindos.
General news - Information source from multiple newswires.
The article and the data is for general information use only, not advice!
The Trade Academy Team
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