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S&P 500 and Nasdaq 100 at their lowest in over 3 weeks
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S&P 500 and Nasdaq 100 at their lowest in over 3 weeks

created OANDA TMS BrokersAugust 7 2023

This morning, the prices of contacts on US indices tried to make up for the recent declines which they brought on Friday S & P 500 and Nasdaq 100 to lowest levels in more than 3 weeks, and the Dow Jones industrial average to its lowest level in more than 2 weeks. Approx. time. At 9:30 a.m., the price of the S&P 500 contract was up 0,46 percent.

More than half a century minimum

There was no dominant trend in the stock markets of Asia and Oceania today. Japan's Nikkei 225 defended the level of support set by its July 12 low. (+0,19%).

Changes in the levels of the main indices in Europe were today at approx. 9:50 minimum (DAX -0,04 percent, CAC 40 +0,01 percent).

After Friday's increase, the main indices of the Polish stock market today at approx. 10:05 were falling (WIG-20 -0,56 percent.).

The yield of 10-year US Treasuries peaked at the beginning of Friday's session the highest level since November last year. (above 4,2%), but after the publication of data on the unemployment rate in the US (a decrease to 3,5% from 3,6% in June this year; it is only slightly above the leveled in January and April this year over half-century minimum at the level of 3,4 percent), change in employment (+187 people m/m in June after an increase of 185 people m/m in May this year and forecasts of +200 people) and wage dynamics in the non-agricultural sector (+4,4% as in May; expected +4,2%) fell below the level of 4,1%. Today in the morning the yield of these papers was rising (4,091 percent around 9:50).

The yield of 10Y Polish government bonds fell on Friday below 5,6 percent., and this morning at approx. 9:50 was stable (5,559%).

Increase in the zloty exchange rate

After Friday's rise above the $1,10 level EUR / USD exchange rate today around At 10:00 it was slightly falling (-0,16%), returning below the mentioned level. After two days of decline USD/JPY traded higher this morning from its peak on July 21. (+0,22 percent around 10:00).

The Polish zloty strengthened slightly against the euro (EUR/PLN -0,16 per cent, around 10:00 am. The USD/PLN exchange rate increased by 0,02 per cent.

Bitcoin's exchange rate against the US dollar made its mark today new lowest level since June 21 (-1,19 percent around 10:05).

Crude oil futures prices on NYMEX and ICE reached their highest levels until April this morning, but at At 9:30 their changes were cosmetic (WTI -0,06 percent, Brent -0,02 percent). On NYMEX0, natural gas contracts became more expensive at approx. 9:35 by 0,85 percent They got cheaper today at approx. 9:35 metals (gold -0,28%, silver –0,63%, platinum -0,02%, palladium -0,23%, copper -0,39 percent).

Wheat on CBOT tried to increase for the second session in a row. Prices of cotton contracts also rose today in the morning, while prices of soybeans (lowest in over 2 months) and sugar recorded declines.

Source: Łukasz Zembik, OANDA TMS Brokers

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