. Latest Market News Update With Capital Street FX

Latest Market News Update With Capital Street FX

Latest Market News Update With Capital Street FX

latest market update
  • On Tuesday, major US stock indices such as the Nasdaq Composite, Dow Jones, and S&P 500 declined due to renewed concerns about the Fed’s potential interest rate hikes and banking crises.
  • However, Treasury yields and gold prices increased, as the US dollar weakened. In contrast, Asian markets rose on Wednesday, buoyed by a rally in Alibaba’s stock and reduced fears of banking contagion.
  • While South Korea’s KOSPI and China’s Shanghai Composite slipped slightly, Japan’s Nikkei 225 and Australia’s ASX 200 climbed modestly. Meanwhile, oil prices increased due to disruptions in Kurdish crude shipments and a potential draw in US inventories, as well as improved sentiment towards the banking sector.
  • Brent crude rose to $78.3/barrel, while WTI Futures increased by 0.5% to $73.57 a barrel. Natural Gas Futures, however, fell by 0.14%.
  • US stock futures were trading slightly higher during Tuesday’s evening deals after major benchmark indices closed negatively due to the decline in technology stocks and increased yields. Dow Jones, S&P 500, and Nasdaq 100 futures were each up 0.1% by 18:50 ET (22:50 GMT).
  • In extended deals, Lululemon Athletica added 12.3% after reporting better-than-expected Q4 EPS and revenues. Micron Technology remained flat after reporting Q2 losses, while Progress Software Corp fell 2.2% and Cal-Maine Foods rose 2.4% following their earnings reports.
  • On Wednesday, traders are awaiting the latest pending home sales data and testimony from the Federal Reserve’s Vice Chair of Supervision Michael Barr.
  • During Tuesday’s trade, Dow Jones, S&P 500, and Nasdaq Composite declined due to concerns about technology stocks and higher yields. United States 10-Year rates were at 3.571%, while United States 2-Year yields were at 4.088% in the bond markets.

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