As of Tue, Apr 23, Singapore Time zone UTC+8
Dollar Index, -0.09%, $97.28
USDJPY, +0.01%, $111.93
EURUSD, +0.13%, $1.1260
GBPUSD, -0.08%, $1.2982
USDCAD, -0.27%, $1.3346
AUDUSD, -0.16%, $0.7136
NZDUSD, -0.04%, $0.6682
There were no notable prints on Monday as most banks remained closed for Easter.
U.S. Treasuries finished slightly lower in a tight-ranged session that included some yield-curve steepening. The 2-yr yield increased one basis point to 2.39%, and the 10-yr yield increased three basis points to 2.59%. The U.S. Dollar Index lost 0.09% to 97.29.
Oil prices rose after the U.S. decided to end its waivers for countries to import oil from Iran. The waivers will expire May 2, and the decision caused some concern about oil supply despite the move not being entirely surprising. WTI crude settled above $65 per barrel, hitting its highest level since Oct.
S&P500, +0.10%, 2,907.97
Nasdaq, +0.31%, 7,713.49
Nikkei Futures, +0.25%, 22,253.0
S&P 500 increased 0.1% on Monday, supported by strength in energy stocks amid a noticeable increase in oil prices ($65.65, +1.62, +2.5%).
Kimberly-Clark (KMB 130.25, +6.70, +5.4%) and Halliburton (HAL 31.09, -0.04, -0.1%) were some of the more notable companies to report earnings on Monday. Shares of Kimberly-Clark climbed 5.4% after the company beat top and bottom-line estimates. Halliburton beat revenue estimates, but the stock was unable to rise alongside the broader energy space.
In other corporate news, Boeing (BA 375.17, -4.90, -1.3%) and Tesla (TSLA 262.75, -10.51, -3.9%) were subject to some negative attention on Monday. The New York Times suggested Boeing’s South Carolina factory, which produces its 787 Dreamliner, fostered a culture that valued “production speed over quality.” Separately, a Chinese surveillance video depicted a parked Tesla vehicle appearing to catch fire and explode. TSLA was also downgraded to Underperform from In-line at Evercore ISI.