CURRENCY MARKET WRAP
As of Mon 30th Dec, Singapore Time zone UTC+8
U.S. Dollar Index, -0.63%, 96.92
USDJPY, -0.20%, $109.42
EURUSD, +0.71%, $1.1177
GBPUSD, +0.65%, $1.3077
USDCAD, -0.34%, $1.3078
AUDUSD, +0.46%, $0.6978
NZDUSD, +0.43%, $0.6700
There were no notable prints on Friday.
U.S. Treasuries increased in a steady advance, leaving yields near their session lows. The 2-yr yield declined five basis points to 1.58%, and the 10-yr yield declined three basis points to 1.87%. The U.S. Dollar Index fell 0.63% to 96.92. WTI crude increased 0.1% to $61.74/bbl.
STOCK MARKET WRAP
S&P500, +0.01%, 3,240.02
Nasdaq, -0.17%, 9,006.62
Nikkei Futures, -0.21%, 23,840.0
The day started with the large-cap indices setting new intraday highs in a momentum, and sentiment-driven, trade. Buying enthusiasm quickly subsided amid a lack new stories, though, leaving the broader market little changed the rest of the session.
A defensive-oriented mindset took fold, which contributed to the gains in the S&P 500 consumer staples (+0.4%), real estate (+0.4%), and utilities (+0.3%) sectors. On the other hand, the energy (-0.5%) and materials (-0.3%) sectors underperformed.
Nike (NKE 101.57, +0.86, +0.9%) was a notable gainer after the stock was initiated with an Overweight rating at Consumer Edge Research. Shares of The Michaels Companies (MIK 8.00, +1.98, +32.9%) surged 33% after the company appointed former Walmart (WMT 119.59, +0.07, +0.1%) executive, Ashley Buchanan, as its newest CEO.