27 March 2017. Daily Market Updates

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Market in Details

FX :

  • The Bloomberg Dollar Index lost 0.1 percent as it heads for a weekly slide of 0.7 percent. The measure Thursday eked out a gain to snap a six-day losing streak.
  • The British pound weakened 0.3 percent to $1.2479, while the euro added 0.1 percent to $1.0797.
  • The AUDUSD opened higher in Asia session amid broad USD weakness driven in response to Trump’s health-care bill defeat and envisaged tax reform challenges.

Equities :

  • The S&P 500 ended 0.1 percent lower at 2,343.98 at 4 p.m. in New York. The index fell 1.4 percent in the five days, its worst week since Nov. 4.
  • Banks led losses in the week with a 3.8 percent rout that was the biggest since January 2016. Health-care shares slid 1.3 percent in the week.
  • The Stoxx Europe 600 Index fell 0.2 percent to cap a 0.5 percent drop in the year.
  • Japan’s Topix trimmed some losses for a week that included the biggest one-day drop since Trump’s election. The index finished with a 1.4 percent decline for the week. The MSCI Asia Pacific fared better, with a 0.1 percent decrease.

 

Bonds :

  • U.S. Treasuries rose, pushing the 10-year yield down to 2.41 percent.
  • Ten-year yields remained pinned between the average price over the past 50 days and the 100-day moving average for a third straight day.
  • European bonds shrugged off stronger-than-expected purchasing managers data out of Germany and France. French 10-year yields dropped six basis points to 0.982 percent.
  • The yield on bund benchmarks fell three basis points to 0.40 percent.

 

Commodities :

  • Crude capped a weekly loss as OPEC and its market allies prepared to review cuts, while rising U.S. inventories indicated the measures aren’t working yet.
  • West Texas Intermediate rose 27 cents Friday to settle at $47.97 a barrel, trimming the weekly loss to 1.7 percent.999
  • Gold futures were little changed near $1,250, holding the week’s gain at 1.4 percent.
  • Iron ore futures in China posted an unprecedented weekly loss; the most-active contract in Singapore is lower for a sixth day; and spot prices had the biggest slump since November.

 

Regards.
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