Daily Market Update: Gold Nears Record High, Oil Surges, and US Stocks Dip as Global Markets Brace for Busy Weeks

US Stock markets experienced another mixed day on Friday as investors weighed up a huge couple of weeks ahead for global markets. Stocks ultimately finished the week lower as concerns over the pending US election result increased while treasury yields, and the dollar pushed higher.

Oil prices jumped on increased concerns on the conflict in the middle east and Gold rallied again to settle just below its all-time high.

The event calendar is relatively bare today ahead of a busy week, although Yen traders will be expecting moves in the market on the open today after Japan’s ruling party failed to win a majority in parliament in polling yesterday.

MarketChangeClose
Dow-0.61%42,114
-0.03%-0.03%5,808
Nasdaq+0.56%18,578
USD+0.18%104.24
US Treasury – 2 Year+2.8 bps4.094%
US Treasury – 10 Year+2.4 bps4.226%
Oil – Brent+2.25%$76.05
Oil – WTI+2.27%$71.78
Gold+0.44%$2,747.69

Today’s Events (AEST):

Asian Session

  • All Day – New Zealand – Bank Holiday

US Session

  • 4.30 am – Canada – Bank of Canada Governor Tiff Macklem Speaks
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