Key Facts
• The US Dollar rose 0.3% to 147.87 yen after initial decline.
• Dollar Index increased 0.5% to 98.25; Euro fell 0.5% to $1.16413.
• July PPI rose 0.9% month-on-month, highest since June 2022.
• 2-year Treasury yield climbed 5.4 bps to 3.741%; 10-year yield up 5.3 bps to 4.293%.
• S&P 500 rose 0.03%, marking its third consecutive record high.
• Dow Jones fell 0.02%, Nasdaq dropped 0.01%.
• Intel shares surged 7.4% on acquisition speculation; Deere fell 6.8% on weak earnings.
• Gold futures dropped 0.74% to $3,383.20 per ounce due to rising yields.
• WTI crude oil rebounded 2.09% to $63.96 per barrel, highest in a week.
• Brent crude rose 1.21% to $66.84 per barrel.
• CRB Commodity Index edged up 0.09% to 295.09.
Summary
The NY market on the 14th saw mixed movements across asset classes. The US Dollar strengthened against major currencies, supported by a higher-than-expected 0.9% rise in July’s Producer Price Index (PPI), signaling potential inflation acceleration. Treasury yields rose, with the 2-year yield at 3.741% and the 10-year yield at 4.293%. Stocks were steady, with the S&P 500 hitting a record high for the third day, while the Dow and Nasdaq saw slight declines. Intel shares surged 7.4% on acquisition rumors, while Deere dropped 6.8% on weak earnings. Gold prices fell 0.74% to $3,383.20 per ounce due to rising yields, while WTI crude oil rebounded 2.09% to $63.96 per barrel, supported by market optimism. The CRB Commodity Index rose slightly to 295.09.
