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Photographer: SOPA Images / LightRocket
Photographer: SOPA Images / LightRocket
The US stock market rallied on the 29th. Despite continued caution about the re-expansion of the new coronavirus infection, some optimism has returned as economic indicators beat market expectations. The day before, the S&P 500 stock index closed for the first time in four months.
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The S&P 500 species increased 1.2% from the day before to 3310.11. The 30-share average of Dow Industrial increased by $ 139.16 (0.5%) to $ 26,659.11. The NASDAQ Composite Index was up 1.6%.
The growth rate of the S&P 500 species is the highest since the 12th of this month. US President Trump will offer a “very large package” of stimulus measures as soon as the November elections are over.He said on a podcast that he was planning. There was also a mood to refrain from announcing the financial results of major high-tech companies such as Apple and Amazon.com after the end of regular transactions, and to determine the details.
Evan Brown, Head of Multiple Asset Strategy at UBS Asset Management, said: “The market is clearly concerned about the new Crown and the suspension of economic activity, but they tell me a completely different story after a week or two. I don’t know. will not surprise at all. ” “Ultimately, you will get a safe and effective vaccine,” he said.
US bonds have fallen. At 5pm New York time, the 10-year bond yield has increased by 5 basis points (bp, 1bp = 0.01%) from the previous day to 0.82%. Total production in the United States from July to September (third quarter)GDP) preliminary figures increased 33.1% annually compared to the previous quarter. The US economy had fallen drastically due to the blocking of the new corona measures, but most of the decline was recovered. The number of new applications for unemployment insurance in the United States last week fell below market expectations.
In the currency market, the euro is significantly weaker than the dollar. “The economic recovery in the euro zone is losing momentum faster than expected,” said Lagard, president of the European Central Bank (ECB).He responded to his statement at a press conference, strongly suggesting that he could agree to additional mitigation measures in December.
The euro is down 0.6% against the dollar to 1 euro = $ 1.1674, the lowest price in about a month. BNY Melon’s John Belis said of Lagard’s intention to use all political measures: “There is little doubt that some measures will be taken in December. A new lockdown has been introduced. If you think about it, it makes sense.”
The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the top 10 currencies, rose 0.4%. The dollar is 104.61 yen, 0.3% higher than the yen.
New York crude futures continue to decline. As the new corona infection is spreading in Europe and the United States, there is a growing view that restrictions will tighten and demand will worsen.
The December contract for West Texas Intermediate (WTI) futures on the New York Stock Exchange (NYMEX) ends at $ 36.17 per barrel, which is $ 1.22 (3.3%) cheaper. It was the lowest level since June. London ICE’s December North Sea Brent contract fell $ 1.47 to $ 37.65, the lowest level in five months.
The New York gold futures market continues to decline. It was the lowest price in a month. Following the re-expansion of the new corona infection in Europe, the dollar was bought to escape and the gold was sold. The ECB’s suggestion to expand monetary easing by the end of the year also led to the purchase of dollars and the sale of gold.
The December gold futures contract on the New York Commodity Exchange (COMEX) ended at $ 18.6.00, an ounce cheaper at $ 11.20 (0.6%). The closing price of the central contract month is the lowest level since September 25.
Original title:S&P 500 recovers to record biggest gain in two weeks: markets close （抜 粋） 、 Euro falls as stimulus seems likely, dollar rises: within G-10 （抜 粋） 、Oil is at its lowest level in months as new virus cases hurt hopes of recovery （抜 粋） 、Gold falls to a month low as Haven demand shifts to the dollar （抜 粋）
(We will update the market price and add comments from market participants to the fourth paragraph.)
