US markets experienced a mixed trading day as CPI data printed higher than expected but the weekly unemployment claims jumped. Fed officials also pushed the CPI numbers back advising that they still feel the trend is lower.
Stock markets drifted lower in general while the bond market was mixed and the dollar closed close to opening levels, the DXY losing just 0.03% on the day. Oil prices were volatile again, with both major contracts gaining over 3% as demand expectations increased.
It looks like being another mixed day to close out the week with the event calendar relatively quiet until we hit the later sessions with tier 1 data due out of the UK, US and Canada.
| Market | Daily Change | Close |
| Dow | -0.14% | 42,454 |
| S&P | -0.21% | 5,780 |
| Nasdaq | -0.05% | 18,282 |
| USD | -0.03% | 102.85 |
| US Treasury – 2 Year | -4.9 bps | 3.986% |
| US Treasury – 10 Year | +0.4 bps | 4.071% |
| Oil – Brent | +3.68% | $79.40 |
| Oil – WTI | +3.56% | $75.85 |
| Gold | +0.6% | $2,623.58 |
Today’s Events AEST:
European Session
- 5:00 pm – UK – GDP Data
US Session
- 11:30 pm – US – PPI Data
- 11:30 pm – Canada – Employment Data
- 1:00 am – US – Prelim University of Michigan Consumer Sentiment Data
