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Daily Market Update: Stock Markets Close Week Out on Record Levels

US Stock markets pushed higher again in trading on Friday to close the week out on a positive note with both the Dow and the S&P closing at record levels. US PPI data came in below expectations which saw yields come under pressure while Oil pulled back and Gold drove higher.

China updated the market over the weekend on more proposed stimulus and some traders feel that the lack of detail could hit sentiment hard on the Monday open, especially as Chinese inflation data also fell below expectations on Sunday.

Traders are expecting to see challenging trading conditions on Monday with key centres, Japan, the US and Canada all enjoying bank holidays which could influence liquidity as we progress through the day.

Market	Change	Close
Dow	+0.97%	42,863
S&P	+0.61%	5,815
Nasdaq	+0.33%	18,342
USD	+0.03%	102.91
US Treasury – 2 Year	-5.4 bps	3.945%
US Treasury – 10 Year	-2.1 bps	4.073%
Oil – Brent	-0.45%	$79.04
Oil – WTI	-0.38%	$75.56
Gold	+1.1%	$2,658.42

Today’s Events (AEST):

Asian Session

7:15 am – New Zealand – RBNZ Governor Adrian Orr Speaking
All Day – Japan – Bank Holiday

US Session

All Day – US – Bank Holiday
All Day – Canada – Bank Holiday

Last Updated: October 14, 2024

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