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Friday 28 August 2020

Key Events & Main Market Moves

 Here are some key events coming up:


The U.S. Republican National Convention continues.

Personal spending and the PCE Deflator data are due Friday in Washington.


Here are the main market moves:


Stocks

The S&P 500 Index increased 0.2% to 3,484.55 as of 4:03 p.m. New York time, hitting the highest on record with its sixth consecutive advance.

The Dow Jones Industrial Average advanced 0.6% to 28,492.07, the highest in about six months.

The Nasdaq Composite Index declined 0.3% to 11,625.34, the first retreat in more than a week.

The Stoxx Europe 600 Index fell 0.6% to 370.72, the biggest fall in a week.


Currencies

The Bloomberg Dollar Spot Index gained 0.2% to 1,171.71.

The euro dipped 0.1% to $1.1819.

The Japanese yen depreciated 0.6% to 106.61 per dollar, the weakest in two weeks on the largest drop in more than a week.


Bonds

The yield on two-year Treasuries increased one basis point to 0.16%, the highest in two weeks.

The yield on 10-year Treasuries climbed five basis points to 0.74%, the highest in more than 10 weeks on the largest surge in more than two weeks.

The yield on 30-year Treasuries climbed nine basis points to 1.50%, the highest in 10 weeks on the biggest surge in 12 weeks.

Germany’s 10-year yield gained one basis point to -0.41%, the highest in eight weeks.


Commodities

West Texas Intermediate crude fell 0.9% to $42.99 a barrel.

Gold weakened 1.2% to $1,930.53 an ounce, the largest drop in more than a week.

Copper increased 0.6% to $3 a pound, the highest in more than a week.


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