11 July 2017. Daily Market Updates

FX:
Dollar little changed, erasing modest gains from earlier in the session, as traders look ahead to testimony beginning Wednesday from Federal Reserve Chair Janet Yellen for direction
EUR/USD near session low 1.1382 that almost matched Friday’s post-payrolls low of 1.1380.
GBP/USD erases gain, hits 1.2870 day low.
JPY is lower vs a majority of its G-10 peers as BOJ remains conspicuous among its central-bank peers highlighting the need to maintain exceptional levels of accommodation as others have shifted toward policy normalization.
AUD/USD little changed at around 0.7590.
Rates:
The yield on 10-year Treasuries dropped one basis point to 2.37 percent after rising 23 basis points in the past two weeks.
In Europe, peripheral nations led a rally with benchmark bonds yields in Italy and Spain shedding six basis points. The yield on 10-year bunds fell three basis points to 0.54 percent.
Equities:
U.S. equities were little changed Monday as investors looked ahead to second-quarter earnings. Tech and materials stocks rallied, outweighing declines in real-estate and consumer staples shares.S&P 500 up less than 0.1% to 2,427.Dow down 6 points; Nasdaq Composite gains 0.4%.Tech shares up 0.8% for biggest gain in market.Financial stocks drop 0.2%.
European stocks advanced in a broad rally as miners and energy shares gained amid an advance in oil. Technology companies climbed to the highest level this month.The Stoxx Europe 600 Index rose 0.4 percent at the close.Dax up 0.5% at 12,445.92.FTSE 100 up 0.3% at 7,370.03.Stoxx Banks SX7P up 0.3% at 188.1.
Nikkei futures down 0.3% with yen at 114.1/USD. S&P 500 rises for second day as tech shares rebounded. Oil gains. Topix added 0.5% Monday; Nikkei 225 +0.8%.
Commodities:
WTI crude added 0.4 percent to settle at $44.40 a barrel following its 2.8 percent slide Friday.
Gold futures climbed 0.3 percent to $1,213.90 an ounce after touching its lowest level since March. Silver futures jumped 1.4 percent.
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