As of Tue, Jun 18th, Singapore Time zone UTC+8
Dollar Index +0.00%, 97.57
USDJPY, -0.02%, $108.54
EURUSD, +0.13%, $1.1224
GBPUSD, -0.39%, $1.2542
USDCAD, -0.02%, $1.3410
AUDUSD, -0.30%, $0.6852
NZDUSD, +0.06%, $0.6496
U.S. Empire State Manufacturing Survey for June fell to -8.6 (Consensus 12.1) from the prior month’s reading of 17.8. The 26 point drop was the largest monthly decline on record, sending it comfortably below 0.0, which is the dividing line between expansion and contraction for this report. The NAHB Housing Market Index for June came in at 64 (consensus 67), down from 66 from May.
U.S. Treasuries finished little changed. The 2-yr yield increased one basis point to 1.85%, and the 10-yr yield decreased one basis point to 2.09%. The U.S. Dollar Index was unchanged at 97.57. WTI crude fell 1.5% to $51.76/bbl.
*Stock Market Wrap*
S&P500, +0.09%, 2,889.67
Nasdaq, +0.63%, 7,526.52
Nikkei Futures, +0.12%, 21,043.0
Stock market increased modestly on Monday, finding support in technology stocks while market participants eyes a key policy decision from the Federal Reserve later this week. The S&P 500 eked out a gain of 0.09%, finishing near its session lows.
The S&P 500 sectors finished mixed. The S&P 500 communication services sector (+1.1%) outperformed on the back of Facebook (FB 189.01, +7.68, +4.2%) and Netflix (NFLX 350.62, +10.89, +3.2%). The real estate (+1.1%) and energy (+0.9%) sectors also outperformed, while the financials (-0.9%) and materials (-0.9%) sectors dragged on the broader market. Facebook continued to outperform ahead of the release of its cryptocurrency white paper tomorrow. Many analysts have speculated that its cryptocurrency project will provide new growth opportunities. Netflix benefited from comments out of Piper Jaffray, which expects the company to provide solid Q2 results next month.