Key Takeaway:
Global markets closed higher as investors cheered the Fed’s rate cut and shrugged off mixed economic data. US indices hit fresh records, European stocks rallied, and the US dollar strengthened. Gold and oil retreated from recent highs, while forex markets reflected renewed confidence in the US economy. The outlook for tomorrow hinges on central bank signals and upcoming economic releases.
1. Major Indices: Closing Prices & Daily Performance
| Index | Closing Price | Daily Change (%) |
|---|---|---|
| S&P 500 | 6,600.35 | +0.10% |
| Dow Jones | 46,056.60 | +0.27% |
| Nasdaq Composite | 22,470.72 | +0.94% |
| Russell 2000 | 2,457.81 | +2.53% |
| DAX (Germany) | 23,674.53 | +1.35% |
| CAC 40 (France) | 7,854.61 | +0.87% |
| FTSE 100 (UK) | 9,228.11 | +0.21% |
| EURO STOXX 50 | 5,456.68 | +1.62% |
Highlight:
The Nasdaq and Russell 2000 led US gains, while the DAX and AEX outperformed in Europe. All major indices closed in the green, with tech and small caps showing particular strength .
2. Forex Market: Key Pairs & Movements
| Pair | Latest Price | Daily Change | Commentary |
|---|---|---|---|
| EUR/USD | 1.1783 | –0.29% | Dollar firmed post-Fed; Euro pressured by cautious ECB and US data |
| GBP/USD | 1.3554 | –0.53% | Pound slipped as BoE held rates; USD strength dominates |
| USD/JPY | 147.96 | +0.73% | Yen weaker as BoJ holds steady; US-Japan policy divergence in focus |
Insight:
The US dollar rebounded across the board, reflecting confidence in the US outlook and a more measured Fed stance. EUR/USD and GBP/USD both hit multi-day lows, while USD/JPY approached 148 on policy divergence .
3. Commodities: Gold, Oil & Natural Gas
| Commodity | Latest Price | Daily Change | Notes |
|---|---|---|---|
| Gold (oz) | $3,643.55 | –$13.80 | Pulled back from record highs; up ~40% YTD |
| WTI Oil (bbl) | $63.67 | –$0.45 | Down 0.7% on day, up 2–3% for month |
| Brent Oil (bbl) | $67.55 | –$0.53 | Down 0.5% on day |
| Nat. Gas (MMBtu) | $2.94 | –4.58% | Down 5% on day, up 6% for month |
Highlight:
Gold retreated as risk appetite improved, while oil and natural gas saw profit-taking after recent gains .
4. Key Market-Moving News & Events
- Fed Rate Cut: The Federal Reserve’s 25 bps cut and dovish tone fueled the rally, with markets pricing in further easing .
- Record Highs: S&P 500, Dow, and Nasdaq all closed at or near record levels, led by tech and small caps .
- Inflation & Labor Data: US CPI rose to 2.9% y/y, slightly above expectations. Jobless claims remained elevated, but markets focused on the Fed’s supportive stance .
- Bond Yields: 10-year Treasury yield fell to 4.06%, reflecting expectations for more easing .
- Gold Surge: Gold hit a new record before pulling back, as safe-haven demand eased .
- Consumer Sentiment: University of Michigan sentiment index fell to a four-month low, highlighting ongoing economic concerns .
5. Sector & Stock Highlights
| Sector | Weekly Change | Notable Movers |
|---|---|---|
| Information Technology | +3.1% | Tech led gains (Nasdaq +0.94%) |
| Utilities | +2.4% | Defensive rotation |
| Energy | +1.6% | Oil stocks mixed |
| Consumer Staples | –0.2% | Lagged market |
| Small Caps (Russell) | +2.53% | Outperformed large caps |
Top Stock Movers:
Brera Holdings (+223%), Adaptimmune (+95%), Cardlytics (+92%), 89bio (+85%), Laser Photonics (+68%) .
6. Market Outlook for Tomorrow
- Central Bank Watch: Markets will monitor further Fed commentary and the Bank of Japan’s policy decision.
- Economic Data: Watch for global PMI releases and US housing data.
- Volatility: With indices at record highs and the dollar firm, expect potential profit-taking and sector rotation.
- Key Themes: Tech leadership, small-cap catch-up, and ongoing focus on inflation and labor market signals.
Summary Box:
Markets ended the day on a high note, buoyed by central bank support and resilient tech stocks. The US dollar’s strength and gold’s pullback reflect shifting risk sentiment. Stay tuned for more central bank action and economic data as the week wraps up.
El Mundo del Trading en los Mercados Financieros 