[US market conditions]Stock prices fall, high-tech picks up and shrinks-dollar pair is in the middle of 135 yen-Bloomberg

The US stock market fell on the 14th. Technology stocks picked up at the end of the transaction to partially offset the decline, and the intraday lows were separated. However, volatile market sentiment continued amid concerns that the US could fall into recession due to the aggressive policy response of the US financial authorities in the face of high inflation. In the foreign exchange market, the yen is against the dollar at 135.47 yen per dollar, since October 1998.Low price for the first time in 24 years.. The divergence between the Federal Open Market Committee (FOMC) and the Bank of Japan in monetary policy is drawing money to the United States.

  • S & P500 and Dow Jones Industrial Average continue to fall, and one corner of high-tech large-cap stocks picks up
  • US Treasuries fall sharply, 10-year bond yield rises to 3.48%
  • Yen is the lowest against the dollar since 1998, in the mid-135 yen range
  • NY Crude Oil Rebounds, Beware of Energy-Related Legislative Movements
  • NY gold continues to fall, wary of a big rise in US interest rate due to rising PPI

The S & P 500 stock index narrowed down toward the close. Even so, it fell for five business days in a row, recording the long-term continuous depreciation since January. The Nasdaq 100 index, which is centered on large tech stocks, has risen.Oracle’s show that efforts to move customers to the cloud are gaining momentumSales forecastWas well received.

S & P 500 species are 3735.48, down 0.4% from the previous day. The Dow Jones Industrial Average is down $ 151.91 (0.5%) to $ 30364.83. On the other hand, the Nasdaq Composite Index rose 0.2%.

“The rough price movements of the day are about the uncertainty at the start of the Federal Open Market Committee (FOMC) meeting and the potential impact of aggressive tightening on the economy,” said Cima Shah, chief strategist at Principal Global Investors. It highlights the concerns of the Fed. “

US Treasuries have fallen sharply. As of 4:18 pm New York time, 10-year bond yields have risen 12 basis points (bp, 1bp = 0.01%) to 3.48%. Yields on two-year bonds have also risen, reaching their highest levels since 2007.

The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the 10 major currencies, rose 0.4% and continued to grow for 5 business days. As of 4:59 pm New York time, the dollar rose 0.8% against the yen to 1 dollar = 135.47 yen, the highest price of the day. The euro is up 0.1% against the dollar at 1 euro = 1.0416 dollars.

“The dollar is likely to continue to rise if US monetary authorities intensify a positive policy shift in the next three months,” said Richard Steinberg, chief market strategist at Colony Group.

New York crude oil futures prices have fallen back. Signs that the US Democratic Party is considering additional energy bills have been disgusted and lost the rise.Democratic Senator Weiden has introduced an additional tax on oil companies with a rate of return above 10%, according to people familiar with the matter.suggestionPlan to do.

The July contract for West Texas Intermediate (WTI) futures on the New York Mercantile Exchange (NYMEX) ends at $ 118.93 a barrel, down $ 2 (1.7%) from the previous day. The North Sea Brent August contract for the London ICE is down $ 1.1 to $ 121.17.

Oanda’s senior market analyst, Ed Moya, said to help Americans in terms of gasoline retail prices: “Energy traders could take some action, albeit with little long-term impact. Is ready. “

Source: NYMEX

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