As of Tue, Jun 25th, Singapore Time zone UTC+8
Dollar Index -0.11%, 96.00
USDJPY, -0.01%, $107.30
EURUSD, +0.29%, $1.1401
GBPUSD, -0.03%, $1.2738
USDCAD, -0.29%, $1.3184
AUDUSD, +0.60%, $0.6966
NZDUSD, +0.51%, $0.6623
U.S. Treasuries finished on a higher note, pushing yields lower across the curve. The 2-yr yield declined four basis points to 1.74%, and the 10-yr yield declined five basis points to 2.02%. The U.S. Dollar Index declined 0.11% to 96.00 for its fourth consecutive decline. WTI crude increased 0.8% to $57.82/bbl.
Trump signed a separate executive order, hitting Iran with new sanctions after it shot down a U.S. military drone last week. Market reaction was muted, as Trump already indicated last week that more sanctions were coming.
In Trade, Trump and President Xi are expected to partake in an extended meeting at G-20, which many see as a potential market-moving event. Although many analysts aren’t expecting a swift resolution to the trade dispute this weekend, there is still optimism that progress can be made.
S&P500, -0.17%, 2,945.35
Nasdaq, -0.07%, 7,723.02
Nikkei Futures, +0.13%, 21,285.99
S&P 500 declined 0.17% on Monday, finishing near session lows in a day that showed little conviction from investors. With big gains already registered in June and the G-20 summit set to begin at the end of the week, the broader market appeared content trading little changed for most of the session.
It was a mixed session with six S&P 500 sectors finishing lower and five finishing higher. The energy sector (-0.9%) gave back some of its gains from last week, while the consumer discretionary sector (-0.5%) was dragged lower by many stocks within the SPDR S&P Retail ETF (XRT 41.67, -0.65, -1.5%). The materials (+0.5%), consumer staples (+0.3%), and information technology (+0.2%) sectors provided offsetting support.