CURRENCY MARKET WRAP
As of Wed 26th Dec, Singapore Time zone UTC+8
U.S. Dollar Index, -0.02%, 97.63
USDJPY, -0.01%, $109.38
EURUSD, +0.06%, $1.1094
GBPUSD, +0.20%, $1.2972
USDCAD, -0.07%, $1.3156
AUDUSD, +0.05%, $0.6926
NZDUSD, +0.08%, $0.6643
Tuesday’s session (Christmas Eve) included no drama, unlike last year’s Christmas Eve sell-off. The thinly-traded, and shortened, session perhaps received no more than a cursory glance from investors enjoying the holidays and the huge gains already registered this year.
Prior to the U.S. Treasury market’s early closure at 2:00 p.m. ET, the 2-yr yield was down one basis point to 1.64%, and the 10-yr yield was down three basis points to 1.91%. The U.S. Dollar Index was little changed at 97.65. WTI crude gained 0.8%, or $0.49, to $61.01/bbl.
STOCK MARKET WRAP
S&P500, -0.02%, 3,223.38
Nasdaq, +0.08%, 8,952.88
Nikkei Futures, +0.04%, 23,760.0
From a sector standpoint, all 11 S&P 500 sectors finished within 0.3% of their flat lines. The real estate sector (+0.2%) finished on top, while the industrials sector (-0.3%) underperformed.
In corporate news, Uber (UBER 30.44, +0.11, +0.4%) announced that co-founder Travis Kalanick will resign from the Board of Directors on Dec. 31. Advanced Micro Devices (AMD 46.54, +1.08, +2.4%) had its price target raised to $53 from $50 at RBC Capital Mkts.