Loading, please wait...
The BullMarkets.com website uses cookies. By clicking the ‘Accept’ or the ‘X’ button you are agreeing to our Cookies policy.
Accept Cookies
X
Trading involves significant
risk of loss
DAILY MARKET OVERVIEW
Today's Top Market Headlines – Oct 5, 2017
Another record session for US stocks on hawkish Fed

Yen and aussie dollar fall against greenback

 

Another round of fresh records for American equity as a new batch of US data pushed prices higher. This was exasperated by hawkish Fed speakers, indicating the economy is strong enough for extra rate hikes.

 

Here’s the more important among equity:

S&P 500 advanced 0.6% to a record 2,552.07 at 4 PM New York Time.

Dow Jones gained 114 points to 22,755 – seventh consecutive day in a row to a record.

Nasdaq 100 increased 1% to 6,057.

Stoxx Europe 600 added 0.2% after initially as much as 0.3%.

IBEX rebounded 2.5%, the most since in almost six months.

 

In today’s session greenback is king:

The dollar sprung 0.6%, touching the highest in 11 weeks.

The yen slipped less than 0.1%.

The aussie dollar slumped 0.9% to $0.7793.

The euro retreated 0.5% to $1.1705.

The pound dropped 1% to $1.3114, the weakest in four weeks.

 

Another bad day for haven commodities:

WTI crude added 1.4% to settle at $50.86 a barrel.

Gold slumped 0.6% to $1,267.80 an ounce.

Copper shot up 2.9% to $304 per pound, the biggest gain in more than five weeks.