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Tuesday 24 August 2021

Market Movers

Here are some events to watch this week:

U.S. Markit manufacturing PMI and existing home sales Monday

Bank of Korea policy decision; briefing by Governor Lee Ju-yeol Thursday

Fed officials attend the Jackson Hole Economic Policy Symposium from Thursday through Saturday

U.S. GDP, initial jobless claims Thursday

July U.S. personal income and spending data Friday. Investors will scrutinize the personal consumption expenditures price index, an inflation measure closely watched by the Fed.


Some of the main moves in markets:


Stocks

The S&P 500 rose 0.9% as of 4:01 p.m. New York time

The Nasdaq 100 rose 1.5%

The Dow Jones Industrial Average rose 0.6%

The MSCI World index rose 1.1%


Currencies

The Bloomberg Dollar Spot Index fell 0.5%

The euro rose 0.4% to $1.1748

The British pound rose 0.8% to $1.3731

The Japanese yen rose 0.1% to 109.67 per dollar


Bonds

The yield on 10-year Treasuries was little changed at 1.25%

Germany’s 10-year yield advanced one basis point to -0.48%

Britain’s 10-year yield advanced one basis point to 0.53%


Commodities

West Texas Intermediate crude rose 5.3% to $65.44 a barrel

Gold futures rose 1.3% to $1,807.40 an ounce

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