Global Overview
January producer price data confirmed that inflation remains stubbornly elevated. The British FTSE 100 reaches a milestone.
ASX futures were pointing 15 points or 0.2% down as of 8:00am on Friday, suggesting a dip at the open.
US stocks fell Thursday after inflation and jobs data came in hotter than expected, increasing concerns that the end of the Federal Reserve's tightening campaign is nowhere near.
The S&P 500 dropped 1.4%. The Dow Jones Industrial Average slipped 1.3%, while the Nasdaq Composite lost 1.8%.
Commodities & Currency
- Brent crude oil: -0.74% to $US84.75/barrel
- Gold: +0.14% to US$1,838.49
- Australian 2-Year Bond: 3.43%
- Australian 10-Year Bond: 3.75%
- US 2-Year Treasury: 4.64%
- US 10-Year Treasury: 3.87%
- Australian dollar: 68.98 US cents
- WSJ Dollar Index: 96.96
Asia Markets
China
Shanghai Composite: -1.0% to 3249.03
Shenzhen Composite: -1.7% to 2150.23
ChiNext Index: -1.4% to 2512.50
Hong Kong
Hang Seng Index: +0.8% to 20987.67
Hang Seng Tech Index: +1.8%
Japan
Nikkei: +0.7% to 27696.44
India
Sensex: +0.1% to 61319.51
Europe
Stoxx Europe 600: +0.3%
German DAX: +0.2%
French CAC 40: +0.9%
FTSE 100: +0.2% to 8012.53 (record close)
North America
US stocks fell amid hot inflation and jobless claims data.
- S&P 500: -1.4%
- Dow Jones: -1.3%
- Nasdaq: -1.8%
Notable Movers:
- Roku: +17% (best day since 2021)
- Cisco Systems: +5%
- Shopify: -16% (worst daily decline in a year)
