On Tuesday, January 14, US markets closed in a mixed fashion, with the S&P 500 index rising slightly and the Nasdaq falling after a volatile session. Investors assessed inflation data and prepared for the quarterly earnings release. The producer price index rose less than expected, while high Treasury yields and uncertainty over Federal Reserve policy fueled caution. The earnings season will begin on Wednesday, led by the big banks.
Economic data showed U.S. producer prices rose 0.2% in December, up from 0.4% in November, and below market expectations for a 0.3% rise.
Most sectors of the S&P 500 posted gains, with the biggest gainers being utilities, materials and financials, while communication services and healthcare declined.
The Dow gained 0.52% to close at 42,518.28, the S&P 500 rose 0.11% to 5,842.91, while the Nasdaq Composite fell 0.23% to end at 19,044.39.
Big banks are set to kick off the fourth-quarter earnings season today.
Asian markets today
- Japan’s Nikkei 225 closed 0.09% higher at 38,471.50 on Wednesday, supported by gains in the transportation equipment, chemicals, oil and plastics and plastics sectors. ‘insurance.
- Australia’s S&P/ASX 200 index fell 0.22%, closing the session at 8,213.30, due to losses in the information technology services, telecommunications services and industrial services sectors. .
- India’s Nifty 50 index closed 0.23% higher at 23,228.55, and the Nifty 500 gained 0.36%, closing at 21,558.75, supported by gains recorded by the financial sectors. energy, real estate and technology.
- China’s Shanghai Composite fell 0.43% and closed at 3,227.12, while the Shenzhen CSI 300 fell 0.64%, ending the day at 3,796.03.
- The Hang Seng Index closed the session up 0.34% at 19,286.07.
Eurozone at 06:00 EST
- The European STOXX 50 index gained 0.36%.
- Germany’s DAX rose 0.67%.
- France’s CAC increased by 0.36%.
- The UK’s FTSE 100 index rose 0.74%.
Commodities at 6:00 a.m. EST
- WTI crude oil was up 0.21% at US$76.57 per barrel, and Brent was up 0.15% at US$80.04 per barrel.
- Natural gas gained 0.78% to US$3.999.
- Gold was up 1.05% at US$2,710.76, silver rose 1.32% to US$30.750, and copper gained 0.10% to US$4.3470.
US Futures at 6:00 a.m. EST
Dow Jones futures rose 0.19%, S&P 500 futures rose 0.16% and Nasdaq 100 futures gained 0.21%.
The foreign exchange market at 6:00 a.m. EST
- The U.S. Dollar Index fell 0.11% to 109.06, USD/JPY fell 0.72% to 156.80, and USD/AUD fell 0.14% to 1 ,6119.
- Global stocks rose cautiously ahead of the release of data on US inflation and bank profits, while bond yields fell. The moderate data on producer prices recorded in December provided relief for Treasury bonds.
Photo de Pavel Bobrovskiy via Shutterstock
Belgium
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