US Equity markets were a mixed bag overnight with the Dow Jones again hitting all time highs while the rout of the tech heavy NASDAQ continued. The NASDAQ has now officially slid into correction territory after dropping over 10% from its closing high on February 12.
The S&P 500 which has tech giants such as Alphabet and Apple as components also dropped as investors continued to rotate out of growth and into value stocks.
Source: Yahoo Finance
The US dollar rally continued with the US Dollar Index climbing to its strongest level in 4 months. This comes on the back of bond yields remaining high, casting doubt on the Fed’s ability to keep financing rates at near zero.
Source: GO MT4
After hitting multi-year highs in late February, the Aussie has continued its steep sell off, now down over 4% from the high set then. This, on relentless US dollar strength despite Iron ore prices remaining high. The AUDUSD is now approaching the important 0.76c support level where buyers appeared to hold the AUDUSD earlier in the year.
Source: GO MT4
After gapping up on Monday’s open after news of an attack on the world’s largest crude terminal in Saudi Arabia. Oil retreated on US dollar strength. US Crude falling the most in a week after a recent strong rally fuelled by extra demand as the world economy recovers. US Crude prices touched on $68 a barrel early in the session, its highest level in over 2 years.
Source: GO MT4
Wednesday, 10 March 2021 Indicative Index Dividends Dividends are in Points |
||||||
ASX200 | WS30 | US500 | US2000 | NDX100 | CAC40 | STOXX50 |
0.994 | 10.856 | 0.213 | 0.068 | 0 | 0 | 0 |
ESP35 | ITA40 | FTSE100 | DAX30 | HK50 | JP225 | INDIA50 |
0 | 0 | 0 | 0 | 3.575 | 0 | 0 |
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