Marketwatch APAC

Daily Insights
July 7, 2024

Market watch APAC

US and European markets finished firmly in the green, with the S&P 500 notching up a fresh record high after softer than expected employment data supported the case for rate cuts in the US in the next few months.

Key US non-farm payrolls data printed higher than market expectations, but there were significant downward revisions to prior months.

 

US bond yields were lower, and the US dollar also lost ground falling to a fresh three-week low of 104.83 on the USD Index.

 

The AUD continued its rally, climbing to its highest level since early January this year, on the basis that markets don’t expect a rate cut until December 2025.

The MSCI World index set a new record Friday, while on Friday, the ASX 200 slid 0.1%.

Economic Calendar

:
JPY - Economy Watchers Sentiment
:
EUR - German Trade Balance
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EUR - Sentix Investor Confidence
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GBP - MPC Member Haskel Speaks
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USD - Consumer Credit m/m
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GBP - BRC Retail Sales Monitor y/y
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JPY - M2 Money Stock y/y

Market Indicators

Currency Pairs
Pair High Low
aud/usd 0.67379 0.67306
nzd/usd 0.614 0.61309
aud/nzd 1.09724 1.09568
usd/jpy 160.742 160.647
usd/cad 1.36441 1.364
eur/usd 1.08091 1.07967
gbp/usd 1.27995 1.27827
aud/eur 1.60395 1.60097
aud/jpy 108.254 108.132
aud/cny
Equities and Commodities
S&P 500 5568.9
DOW 39370.1
Nasdaq 100 20400.4
ASX200 7824.86
GOLD 2390.59
WTI 83.37

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.