EUR/USD
1.18195
-0.279%
Gold
4783.98
-1.313%
Oil
62.079
-5.206%
USD/JPY
155.279
0.339%
GBP/USD
1.36590
-0.172%
GBP/JPY
212.097
0.164%
Real-time News
The final reading of the S&P Global Manufacturing PMI for January will be released in ten minutes.The Dow Jones Industrial Average opened down 111.52 points, or 0.23%, at 48,780.95 on Monday, February 2; the Nasdaq Composite Index opened down 72.12 points, or 0.31%, at 23,389.70; and the S&P 500 Index opened down 12.38 points, or 0.18%, at 6,926.65.February 2nd - US Treasuries rose slightly across most maturities, driven by the spillover effects of the precious metals crash to other markets and increased demand for safe-haven assets. Following Trumps nomination of Warsh as Federal Reserve Chairman last week, money markets are betting on three Fed rate cuts this year, boosting Treasury prices. Jefferies International Chief Economist Mohit Kumar stated, "Warsh has always been hawkish and a critic of the Feds balance sheet expansion. But logically, its hard to say that Warsh won Trumps favor based on his hawkish stance." The market is also weighing the potential adjustments Warsh might make to the balance sheet, speculating that he might quickly push for balance sheet reduction. Guy Stear, Head of Developed Markets Strategy at Amundi, said, "The market expects lower short-term interest rates, while the Fed will control its balance sheet, meaning the yield curve will steepen. The problem is, if long-term interest rates actually start to rise during this steepening process, then the Fed may face pressure to expand its balance sheet."The UKs FTSE 100 index rose 0.8%, hitting a new record high.Brazils National Petroleum Agency: Brazils oil production reached 4.015 million barrels per day in December, a 17.4% increase over the previous year.
