Key Facts
• The US dollar rose against major currencies in the New York forex market.
• Trump met Ukraine’s Zelensky and European leaders at the White House on the 18th.
• Powell’s speech at the Jackson Hole Symposium on the 22nd is highly anticipated.
• 10-year Treasury yield increased by 0.9 basis points to 4.337%.
• 2-year Treasury yield rose by 1.2 basis points to 3.771%.
• NAHB housing index fell to 32 in August, the lowest since December 2022.
• Dow Jones closed at 44,911.82, down 34.30 points (-0.08%).
• Nasdaq ended at 21,629.77, up 6.80 points (+0.03%).
• S&P 500 closed at 6,449.15, down 0.65 points (-0.01%).
• Gold futures fell for the third consecutive session, closing at $3,378.0 (-4.6).
• WTI crude oil futures rose to $63.42 (+0.62) amid supply concerns.
• Euro/USD closed at 1.1660/1.1662, while USD/JPY ended at 147.86/147.90.
Summary
The New York market on the 18th saw mixed movements across asset classes. The US dollar strengthened against major currencies, while Treasury yields slightly increased, with the 10-year yield at 4.337%. The NAHB housing index dropped to its lowest level since December 2022, reflecting challenges in the housing sector. Stocks closed nearly flat, with the Dow Jones down 0.08%, the Nasdaq up 0.03%, and the S&P 500 down 0.01%. Gold futures declined for the third straight session, pressured by a stronger dollar, while crude oil prices rebounded due to supply concerns following reports of disruptions in Russian oil facilities. Market attention remains focused on the upcoming Jackson Hole Symposium, where Federal Reserve Chair Powell is expected to provide insights into future monetary policy. Additionally, geopolitical developments, including Trump’s meetings with Ukraine’s Zelensky and European leaders, are being closely monitored.
