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Wednesday 3 March 2021

Key Events

There are some key events to watch this week:


U.S. Federal Reserve Beige Book is due Wednesday.

OPEC+ meeting on output Thursday.

U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.

The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.


These are some of the main moves in markets:


Stocks

The S&P 500 fell 0.8% at 4 p.m. New York time.

The Stoxx Europe 600 Index increased 0.2%.

The MSCI Asia Pacific Index declined 0.4%.

The MSCI Emerging Market Index decreased 0.1%.


Currencies

The Bloomberg Dollar Spot Index decreased 0.3%.

The euro gained 0.3% to $1.2089.

The Japanese yen was unchanged at 106.76 per dollar.


Bonds

The yield on 10-year Treasuries fell one basis point to 1.41%.

Germany’s 10-year yield dipped two basis points to -0.35%.

Britain’s 10-year yield decreased seven basis points to 0.687%.


Commodities

West Texas Intermediate crude fell 1.6% to $59.65 a barrel.

Gold rose 0.5% to $1,733.71 an ounce.

Silver added 0.5% to $26.71 per ounce.

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