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As the NA session begins, the GBP is the strongest currency, while the USD is the weakest.

  • 01 October, 2021
  • 4:31 pm EEST

As the NA session begins, the GBP is the strongest currency, while the USD is the weakest.

It’s the first day of a new month, but it’s a Friday.

It’s a new month, so goodbye. Hello, September/hello, October – but it is a Friday, so there may be some volatility. US market futures are pointing slightly higher after trading in the red overnight (that is a good sign). After a -5.4 % drop last month, the Nasdaq is still seeking for its first gain in 6 trading days.

US rates are lower, with the 10-year yield falling by -4.0 basis points. The US government avoided a government shutdown, but it is still mired in a stalemate over the $1.2 trillion infrastructure bill and the $3.5 trillion social safety net and energy transition plan, which are being held up by left-wing House Democrats who want both to be pushed at the same time.

Markets News :

  • Spot price of gold is $1751.32, down five dollars or 0.29 % .
  • Silver spot is up $0.10, or 0.47 % , to $22.27.
  • WTI crude oil futures are down $0.62, or 0.83 % , to $74.41 a barrel.
  • Bitcoin is rising, up $3738 to $47,573.

The major indices for US stocks are presently higher in the premarket:

  • After a -546-point drop yesterday, the Dow industrial average is up 138 points today.
  • After a -51.92 point drop yesterday, the S&P 500 is down 13.2 points today.
  • After a -63.86 point drop yesterday, the NASDAQ index is up 35 points today.

Yesterday and in the previous quarter:

  • the S&P 500 suffered its worst month since March 2020.
  • The NASDAQ experienced its worst month since March 2020.
  • The Dow Jones Industrial Average experienced its lowest month since October 2020.
  • The NASDAQ finished the third quarter in the red. In the third quarter, the Dow also closed down. It is the company’s first quarterly loss since March 2020.
  • Every section of the S&P 500 index declined on the day.
  • The S&P 500 index posted its sixth consecutive positive quarter.

The key indices in the European equities markets are trading mixed:

  • The German DAX fell 0.13 %
  • while the Francis CAC remained steady.
  • The FTSE 100 in the United Kingdom has fallen by 0.6%.
  • Spain’s Ibex index remains steady.
  • Italy’s FTSE MIB index remained steady.

 

In the US debt market, the 10-year yield has fallen back below 1.5 % , now standing at 1.487 % . The yield curve has also flattened, with the two-to-ten-year spread falling to 120.6 basis points from 123 at the closing yesterday.

The benchmark 10-year yields in the European debt market are also trading lower. France’s 10-year yield has fallen to 0.113 % .

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