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Thursday 26 May 2022

Market Events

 Here are some key events to watch this week:


Bank of Korea rate decision Thursday
US GDP, initial jobless claims Thursday
US core PCE price index; personal income and spending; wholesale inventories; University of Michigan consumer sentiment Friday


Some of the main moves in markets:

Stocks

The S&P 500 rose 1% as of 4 p.m. New York time
The Nasdaq 100 rose 1.5%
The Dow Jones Industrial Average rose 0.6%
The MSCI World index rose 0.7%

Currencies

The Bloomberg Dollar Spot Index rose 0.2%
The euro fell 0.5% to $1.0677
The British pound rose 0.4% to $1.2577
The Japanese yen fell 0.4% to 127.31 per dollar

Bonds

The yield on 10-year Treasuries was little changed at 2.75%
Germany’s 10-year yield declined one basis point to 0.95%
Britain’s 10-year yield advanced two basis points to 1.91%

Commodities

West Texas Intermediate crude rose 0.9% to $110.81 a barrel
Gold futures fell 0.7% to $1,859.20 an ounce

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