S&P 500 Continued Record Run, Dollar Mixed

By ActionForexMarket OverviewMay 30, 2014 04:32AM ET

www.investing.com/analysis/s-p-500-continued-record-run,-dollar-mixed-214477

S&P 500 Continued Record Run, Dollar Mixed

By ActionForex | May 30, 2014 04:32AM ET

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Risk markets were firm ahead of month close. S&P 500 extend recent bull run and closed at another record high of 1920.03 overnight. The momentum didn't follow through to Asian markets, however, with major indices fluctuated between gain and loss. Dollar is still firm against Euro and Swiss Franc. But it lost some momentum ahead Sterling and Canadian. Also, the Aussie extended this week's recovery against the greenback and Yen is struggling to find a clear direction of itself. Some importantly economic data will be released from US and Canada later today, including US personal income and spending, as well Canadian GDP. But the reactions could be muted as markets would engage in more consolidations before June trading starts next week.

In US, Kansas City Fed George, who's a known hawk, said yesterday that she'd like to see "short-term interest rates move higher in response to improving economic conditions shortly after completion of the 'taper.'" Overall, Fed officials are expecting rates to climb to 2.25% by the end of 2016. Regarding this, George noted that "the degree of inertia... goes beyond what is required to achieve a smooth exit".

Released earlier today, Japan's core inflation rose +3.2% y/y in April, up from +1.3% in March. The result indicated that the sale tax hike from 5% to 8% was mostly passed on to consumers. Leading indicator Tokyo core CPI accelerated to +2.8% y/y in May from +2.7% a month ago. The market had anticipated a faster improvement to +2.9%. Separately, Japan's unemployment rate stayed unchanged at 3.6% in April while household spending fell -4.6%.

Elsewhere, New Zealand building permits rose 1.5% mom in April. Gfk consumer sentiment improved to 0 in May. Swiss KOF leading indicator is the main focus in European session. US personal income and spending, Chicago PMI, U of Michigan sentiment final; Canadian GDP, IPPI and RMPI will be featured in US session.

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Mar 19, 2025

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4.50%

Mar 20, 2025

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0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

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3.00%

Mar 12, 2025

RBNZ

3.75%

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0.50%

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21.00%

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6.25%

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3.10%

BCB

13.25%

Mar 19, 2025

US 30	42,677.0	+98.2	+0.23%
US 500	5,760.9	+22.4	+0.39%
Dow Jones	42,579.08	-427.51	-0.99%
S&P 500	5,738.52	-104.11	-1.78%
Nasdaq	18,069.26	-483.48	-2.61%
S&P 500 VIX	24.87	+2.94	+13.41%
Dollar Index	104.045	+0.017	+0.02%

Crude Oil WTI	66.55	+0.19	+0.29%
Brent Oil	69.71	+0.25	+0.36%
Natural Gas	4.277	-0.001	-0.02%
Gold	2,914.70	-11.90	-0.41%
Silver	33.210	-0.128	-0.38%
Copper	4.7843	+0.0095	+0.20%
US Soybeans	1,028.00	-0.25	-0.02%

U.S. 10Y	4.251	-0.031	-0.72%
U.S. 30Y	4.557	-0.022	-0.48%
U.S. 5Y	4.031	-0.027	-0.67%
U.S. 3M	4.329	+0.018	+0.42%
US 10Y T-Note	110.98	+0.20	+0.18%
Euro Bund	127.80	-0.05	-0.04%
10-2 Yield Spread	27.17	+1.56	+6.09%

Apple	235.33	-0.41	-0.17%
NVIDIA	110.57	-6.73	-5.74%
Alphabet A	172.35	-0.67	-0.39%
Tesla	263.45	-15.65	-5.61%
Amazon.com	200.70	-7.66	-3.68%
Netflix	906.36	-84.56	-8.53%
Meta Platforms	627.93	-28.54	-4.35%

S&P 500 Continued Record Run, Dollar Mixed

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