Dollar Falls, Stocks Rebound, Yields Drop in New York as US CPI Slowdown Eases Rate Hike Expectations

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In New York markets on the 14th, the dollar fell, stocks rebounded, and Treasury yields declined after June's US consumer price index showed slower growth. The dollar index slipped 0.35 percent to 100.91, while the yen edged 0.15 percent higher against the dollar to 162.17 yen, hovering near a 40-year low. The 10-year Treasury yield dropped 3.1 basis points to 4.579 percent, and the 2-year yield fell 5.7 basis points to 4.206 percent, marking the steepest declines since June. In equities, strong earnings from major financial firms boosted sentiment, with Goldman Sachs surging 9 percent. The Nasdaq Composite rose 0.90 percent to 26,107.01, and the S&P 500 added 0.38 percent to 7,543.59. Gold futures climbed 1.6 percent to 4,069.70 dollars per ounce, while Brent crude oil futures advanced 1.7 percent to 84.73 dollars per barrel.

Impact on stocks 1

Financials · 1 stocks
Goldman Sachs Group Inc
GS
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Strong earnings from major financial firms boosted sentiment, with Goldman Sachs surging 9 percent.