Morning Brief
US stocks slipped modestly — the S&P 500 ended -0.56%, while the Nasdaq finished -0.26%. On the safe-haven front, Gold climbed 0.51% to $5,091.30, while the 10-year Treasury yield rose 7 bps to 4.15%, while the dollar strengthened (EUR/USD 1.1582). WTI crude rose 3.48% to $83.83/bbl.
APAC markets were mixed overnight, with Hang Seng leading at +1.72% and Nifty 50 lagging at -1.27%. European markets are trading higher. US futures are sending a mixed signal ahead of the open.
What This Means
Stocks pulled back modestly yesterday. The S&P 500 lost 0.6% — a routine dip, not a panic.
Bond yields rose 7 bps (10-year now at 4.15%). Higher yields weigh on growth stocks and raise borrowing costs.
Today's key events: Nonfarm Payrolls / Unemployment are on the calendar. These can move markets — particularly bonds and rate-sensitive sectors — so be positioned before the prints rather than reacting after.
US Market Close
| Index |
Close |
Daily % |
| WTI Crude Oil |
83.83 |
+3.48% |
| 10Y Treasury |
4.15% |
+7 bps |
| Gold |
5,091.30 |
+0.51% |
| USD Index |
99.24 |
-0.08% |
| Nasdaq |
22,748.99 |
-0.26% |
| S&P 500 |
6,830.71 |
-0.56% |
| Dow Jones |
47,954.74 |
-1.61% |
| Russell 2000 |
2,585.57 |
-1.91% |
Overnight Markets
Asia-Pacific (Closed)
| Index | Close | Daily % | Session |
|---|
| Nikkei 225 |
55,620.84 |
+0.62% |
Closed |
| Hang Seng |
25,757.29 |
+1.72% |
Closed |
| KOSPI |
5,584.87 |
+0.02% |
Closed |
| Nifty 50 |
24,450.45 |
-1.27% |
Closed |
| ASX 200 |
8,851.00 |
-1.00% |
Closed |
Europe
| Index | Close/Price | Daily % | Session |
|---|
| DAX |
23,876.85 |
+0.26% |
Early Session |
| FTSE 100 |
10,432.10 |
+0.17% |
Early Session |
| CAC 40 |
8,055.90 |
+0.13% |
Early Session |
| Euro Stoxx 50 |
5,787.20 |
+0.07% |
Early Session |
Currencies & Safe Havens
| Pair |
Rate |
Daily % |
| EUR/USD |
1.1582 |
-0.46% |
| GBP/USD |
1.3331 |
-0.29% |
| USD/JPY |
157.8210 |
+0.53% |
| AUD/USD |
0.7010 |
-0.93% |
| USD/CNH |
6.9128 |
+0.22% |
| CHF/USD |
1.2795 |
-0.30% |
Pre-Market Futures
| Contract |
Price |
Daily % |
| S&P Futures |
6,816.25 |
-0.28% |
| Nasdaq Futures |
24,961.50 |
-0.35% |
| Dow Futures |
47,882.00 |
-0.21% |
| Gold Futures |
5,091.30 |
+0.51% |
| 10Y T-Note |
112.16 |
-0.24% |
| WTI Crude Oil |
83.83 |
+3.48% |
What Moved Markets Yesterday
| Event |
Actual |
Expected |
Previous |
Surprise |
| No major events recorded. |
Today’s Watch List
| Time (EST) |
Event |
Importance |
Expected |
| 8:30 AM ET |
Nonfarm Payrolls / Unemployment |
High |
See tradingeconomics.com |
| 10:00 AM ET |
New Home Sales |
Low |
See tradingeconomics.com |
Positioning Notes
| Signal |
Suggested Action |
| CPI releases today |
Watch for a surprise in either direction. Hot print → TIPS and defensives; cool print → growth stocks and long bonds. |