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Tuesday 17 May 2022

Market Events

What to watch this week:

Fed Chair Jerome Powell among slate of Fed speakers Tuesday
Reserve Bank of Australia releases minutes of its May policy meeting Tuesday
G-7 finance ministers and central bankers meeting Wednesday
Eurozone, UK CPI Wednesday
Philadelphia Fed President Patrick Harker speaks Wednesday
China loan prime rates Friday


Stocks

The S&P 500 was little changed as of 3:16 p.m. New York time
The Nasdaq 100 fell 0.7%
The Dow Jones Industrial Average rose 0.5%
The MSCI World index rose 0.2%

Currencies

The Bloomberg Dollar Spot Index fell 0.4%
The euro rose 0.3% to $1.0442
The British pound rose 0.5% to $1.2328
The Japanese yen rose 0.1% to 129.04 per dollar

Bonds

The yield on 10-year Treasuries declined four basis points to 2.88%
Germany’s 10-year yield declined one basis point to 0.94%
Britain’s 10-year yield declined one basis point to 1.73%

Commodities

West Texas Intermediate crude rose 3% to $113.83 a barrel
Gold futures rose 0.8% to $1,822.80 an ounce

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