The US stock market on the 25th continues to grow. Uncertainty and economic data from Russia’s invasion of Ukraine have receded the view that US monetary authorities will aggressively raise rates next month.
Of the 11 major industry-specific stock indexes, 8 of the S & P 500 stock indexes rose by more than 2%. On the other hand, the performance of the Nasdaq 100 index, which is centered on high-tech stocks, was lower than the S & P 500. Geopolitical tensions continued to weigh on high-value technology stocks.
S & P 500 species increased 2.2% from the previous day to 4384.65. The Dow Jones Industrial Average rose $ 834.92 (2.5%) to $ 34058.75. The Nasdaq Composite Index rose 1.6%.
Russia is in Minsk, the capital of BelarusprotocolWas proposed to Ukraine, but the country refused and then stopped responding, the Russian presidential administration claimed. On the other hand, the battle continues.The United States targeted Russian President Vladimir PutinsanctionWe are planning to activate it.
The US Treasury market has remained almost unchanged. It filled the drop at the end of the transaction. As of 4:14 pm New York time, the 10-year bond yield is 1.96%, almost unchanged from the previous day.
“What’s happening right now is a relief rally, basically a short cover by many short-selling investors, but I think the volatility has subsided,” said Sam Stovall, chief investment strategist at CFRA Research. No, “he pointed out. “At least in the short term, Wall Street is more likely to return to stocks than to hold cash or US Treasuries,” he said.
“The downside risk to growth due to geopolitical issues means that U.S. monetary authorities are likely to proceed with policy management in a gradual and cautious manner,” said Sylvia Dalangero, senior economist at Federaled Hermes. I wrote in the report.
In the foreign exchange market, the dollar index has fallen sharply for the first time in three weeks. The background is that the US stock market has risen in response to reports that President Putin is ready to approve negotiations with Ukraine. Among the 10 major currencies, the rise in the currencies of resource-rich countries was conspicuous. Escape assets were sold and the Swiss franc and the yen were weak.
The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the 10 major currencies, fell 0.5%. As of 4:15 pm New York time, the dollar was against the yen at 1 dollar = 115.53 yen, unchanged from the previous day. The euro is up 0.7% against the dollar at 1 euro = 1.1265 dollars.
The New York crude oil futures market has fallen back and has left its highs for the first time in seven years.Russia’s energy exports are not subject to sanctionspolicyWas clarified by the US government. The International Energy Agency (IEA) has also announced its intention to work to ensure energy security around the world in times of crisis.
The New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures April contract ends at $ 91.59 a barrel, down $ 1.22 (1.3%) from the previous day. The North Sea Brent April contract for the London ICE is down $ 1.15 to $ 97.93.
New York gold prices have fallen. Nervous developments continued in an attempt to determine the impact of Russia’s invasion of Ukraine and sanctions against Russia.
The spot price is 0.8% lower than the previous day as of 2:20 pm New York time. The New York Board of Trade (COMEX) gold futures April contract ended at $ 1878.60, down 2% to 1 ounce.
Saxo Bank’s head of commodity strategy, Ole Hansen, said, “We are concerned that the overbought market has stalled before the $ 2,000 mark and that Russia will be forced to sell gold with the support of the ruble market. , The sanctions announced by US President Joe Biden lacked power in terms of the impact on the market, ”he said.
Original title:Stocks Gain as War Spurs Pullback on Fed Rate Bets: Markets Wrap(excerpt)
Treasuries Hold Losses as Stocks Rally; 10-year Yield Retests 2%（抜粋）
Dollar, Havens Slip as Stocks Jump Most This Month: Inside G-10（抜粋）