| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,899.20 | -0.14% |
| Nasdaq | 23,419.08 | -0.24% |
| Spot VIX | 14.80 | +3.28% |
| 2 Year Bond Yield | 3.46 | -0 bps |
| 10 Year Bond Yield | 4.12 | -1 bps |
| EUR/USD | 1.1741 | -0.03% |
| USD/JPY | 156.65 | +0.12% |
| GBP/USD | 1.345 | -0.10% |
| WTI Oil | 58.08 | +2.36% |
| Gold | 4,310.40 | -0.65% |
| Bitcoin | 88,818.78 | +0.48% |
| Data | Prior | Cons | Actual |
|---|---|---|---|
| S&P/Case-Shiller Home Price Year-over-Year | 1.40 | 1.10 | 1.30 |
| Chicago PMI | 36.30 | 39.50 | 43.50 |
| Dallas Fed Services Index | -2.30 | - | -3.30 |
| Dallas Fed Services Revenues Index | -2.50 | - | 0.10 |
| FOMC Meeting Minutes | - | - | - |
| API Weekly Crude Oil Stocks | 2.4m | - | 1.7m |
| Data | Prior | Cons | Time |
|---|---|---|---|
| MBA 30-Year Mortgage Rate | 6.31 | - | 07:00 |
| Weekly Jobless Claims | 214,000 | 220,000 | 08:30 |
| EIA Weekly Crude Oil Inventory | 405,000 | -2m | 10:30 |
| EIA Weekly Gasoline Inventory | 2.9m | 2m | 10:30 |
S&P/Case-Shiller home prices increased 1.3% year-over-year, surpassing the 1.1% consensus and reflecting housing market stability. Chicago PMI climbed to 43.5, beating expectations of 39.5 and indicating manufacturing improvement despite global pressures. Dallas Fed Services index fell to -3.3, missing consensus and highlighting service sector softness. API weekly crude oil stocks rose 1.7 million barrels, below expectations, with markets trading calmly and VIX at 14.80. Equities edged lower, with S&P 500 at 6899.20 and Nasdaq at 23419.08, while bond yields held steady at 4.12% for 10-year Treasuries. FX showed EUR/USD at 1.1741 and USD/JPY at 156.65, with WTI oil at 58.08 and gold at 4310.40. (cont...)
Bitcoin rose to 88818.78 amid subdued volatility.
MBA 30-year mortgage rate at 7:00 AM ET may influence housing sentiment, with prior at 6.31. Weekly jobless claims at 8:30 AM ET, expected at 220,000, could gauge labor health. EIA weekly crude oil inventories at 10:30 AM ET, forecasted at -2.0 million barrels, may drive commodity prices.
Global news on Bangladesh's political shifts underscores regional instability impacting trade flows. India's green mobility push in e-buses highlights sustainable growth amid global energy transitions.
In the rate cutting cycle, strong housing data suggests fewer cuts in 2025, favoring a slower pace to sustain growth. Recent manufacturing beats indicate moderation, tilting neutral on pace. Dovish signals persist, but weaker data could prompt more easing if inflation cools further.