The benchmark 10-year US Treasury bond yield held near 4% and the auction of $37 billion worth of securities attracted above-average demand. Wednesday’s market gains left the S&P500 index just 0.27% away from the record close of 4,796.56 it reached on January 3, 2022.
US stocks closed higher on Wednesday (10/01/24), with the NASDAQ leading the gains by 0.75% on the back of gains in megacaps, ahead of the inflation report and performance reports of major banks later in the week.
In terms of economic data, the US reported a Trade Balance deficit of USD 63.2 billion (lower than estimate & previous period), and recorded a deterioration on both the Export & Import transaction fronts.
GLOBAL STOCK INDEXES were mostly down; the Dow Jones Industrial Average shed 0.42% and Treasury yields edged higher in Tuesday’s trading (09/01/24), with investors bracing for this week’s US CPI & PPI data and the start of the 4Q23 earnings season which kicks off on Friday.
US10YT appears to be pulling back momentarily testing the MA10 & MA20 Support which has been goldencrossed around 3.93- 3.94% yield.
Global stock indexes rallied on Monday with gains in US technology stocks driving a more than 2% jump in the Nasdaq, while US oil prices fell 4 percent as price cuts by leading exporter Saudi Arabia masked tensions in the Middle East.
Perseroan didirikan pada tahun 2016 dengan nama PT Sumber Mineral Global Abadi, berkedudukan di Jakarta Selatan. Perseroan merupakan perusahaan yang menjalankan kegiatan usahanya di bidang perdagangan nikel dan batubara untuk pasar domestik di Indonesia.
US10YT finally returned to the 4.0% yield level supported by strong US economic data such as Nonfarm Payrolls and Unemployment Rate which did not move from the previous level of 3.7%.
2024’S TUMULTUOUS FIRST TRADING WEEK & REALITY BEGAN TO SET IN. All three benchmark US stock indexes recorded their first weekly declines in 10 weeks: The S&P 500 fell 1.54%, the Nasdaq Composite slumped 3.26%, and the Dow Jones Industrial Average shed 0.59%.
