Asia Morning Sep 28
Cruise stocks are top gainers...
Share this:
On Friday, U.S. stocks advanced further. The Dow Jones Industrial Average rose 358 points (+1.34%) to 27174, the S&P 500 gained 51 points (+1.60%) to 3298, and the Nasdaq 100 was up 254 points (+2.34%) to 11151.
S&P 500 Index: Daily Chart
Sources: GAIN Capital, TradingView
Investors are watching closely a potential COVID-19 stimulus package being discussed by the government and Democrat lawmakers.
Technology Hardware & Equipment (+3.31%), Health Care Equipment & Services (+2.33%) and Commercial & Professional Services (+2.12%) sectors performed the best. Cruise stocks such as Norwegian Cruise Line (NCLH +13.23%), Carnival (CCL +9.28%) and Royal Caribbean Cruises (RCL +7.49%) were top gainers. Boeing (BA +6.5%) also closed higher.
Shares of technology giants - Apple (AAPL +3.75%), Amazon.com (AMZN +2.49) and Tesla (TSLA +5.04%) - also post gains.
Approximately 55% (54% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 9% (8% in the prior session) were trading above their 20-day moving average.
U.S. official data showed that Durable Goods Orders (preliminary reading) rose 0.4% on month in August (+1.5% expected).
European stocks closed mixed. The Stoxx Europe 600 Index edged down 0.10%, Germany's DAX 30 dropped 1.08%, France's CAC 40 slipped 0.69%, while the U.K.'s FTSE 100 added 0.34%.
U.S. Treasury prices were steady, as the benchmark 10-year Treasury yield edged lower to 0.658%.
Spot gold fell $6.00 to $1,861 an ounce.
U.S. WTI crude oil futures (November) ticked lower to $40.25 a barrel.
On the forex front, the U.S. dollar strengthened against other major currencies as the ICE Dollar Index stayed at a two-month high of 94.58.
EUR/USD dropped 0.35% to 1.1632. Concerns were caused by resurging virus cases in Europe. Spain's government has urged Madrid to lock down the entire city. Italy reported the most daily cases since May 1.
GBP/USD was stable at 1.2747. Meanwhile, the U.K. government has added London to its watch list of potential pandemic hot spots.
USD/JPY added 0.16% to 105.58.
Commodity-linked currencies were broadly lower. AUD/USD dropped 0.16% to 0.7035 extending its losing streak to a sixth session. USD/CAD climbed 0.20% to 1.3388.
S&P 500 Index: Daily Chart
Sources: GAIN Capital, TradingView
Investors are watching closely a potential COVID-19 stimulus package being discussed by the government and Democrat lawmakers.
Technology Hardware & Equipment (+3.31%), Health Care Equipment & Services (+2.33%) and Commercial & Professional Services (+2.12%) sectors performed the best. Cruise stocks such as Norwegian Cruise Line (NCLH +13.23%), Carnival (CCL +9.28%) and Royal Caribbean Cruises (RCL +7.49%) were top gainers. Boeing (BA +6.5%) also closed higher.
Shares of technology giants - Apple (AAPL +3.75%), Amazon.com (AMZN +2.49) and Tesla (TSLA +5.04%) - also post gains.
Approximately 55% (54% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 9% (8% in the prior session) were trading above their 20-day moving average.
U.S. official data showed that Durable Goods Orders (preliminary reading) rose 0.4% on month in August (+1.5% expected).
European stocks closed mixed. The Stoxx Europe 600 Index edged down 0.10%, Germany's DAX 30 dropped 1.08%, France's CAC 40 slipped 0.69%, while the U.K.'s FTSE 100 added 0.34%.
U.S. Treasury prices were steady, as the benchmark 10-year Treasury yield edged lower to 0.658%.
Spot gold fell $6.00 to $1,861 an ounce.
U.S. WTI crude oil futures (November) ticked lower to $40.25 a barrel.
On the forex front, the U.S. dollar strengthened against other major currencies as the ICE Dollar Index stayed at a two-month high of 94.58.
EUR/USD dropped 0.35% to 1.1632. Concerns were caused by resurging virus cases in Europe. Spain's government has urged Madrid to lock down the entire city. Italy reported the most daily cases since May 1.
GBP/USD was stable at 1.2747. Meanwhile, the U.K. government has added London to its watch list of potential pandemic hot spots.
USD/JPY added 0.16% to 105.58.
Commodity-linked currencies were broadly lower. AUD/USD dropped 0.16% to 0.7035 extending its losing streak to a sixth session. USD/CAD climbed 0.20% to 1.3388.
On Friday, U.S. stocks advanced further. The Dow Jones Industrial Average rose 358 points (+1.34%) to 27174, the S&P 500 gained 51 points (+1.60%) to 3298, and the Nasdaq 100 was up 254 points (+2.34%) to 11151.
S&P 500 Index: Daily Chart
Sources: GAIN Capital, TradingView
Investors are watching closely a potential COVID-19 stimulus package being discussed by the government and Democrat lawmakers.
Technology Hardware & Equipment (+3.31%), Health Care Equipment & Services (+2.33%) and Commercial & Professional Services (+2.12%) sectors performed the best. Cruise stocks such as Norwegian Cruise Line (NCLH +13.23%), Carnival (CCL +9.28%) and Royal Caribbean Cruises (RCL +7.49%) were top gainers. Boeing (BA +6.5%) also closed higher.
Shares of technology giants - Apple (AAPL +3.75%), Amazon.com (AMZN +2.49) and Tesla (TSLA +5.04%) - also post gains.
Approximately 55% (54% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 9% (8% in the prior session) were trading above their 20-day moving average.
U.S. official data showed that Durable Goods Orders (preliminary reading) rose 0.4% on month in August (+1.5% expected).
European stocks closed mixed. The Stoxx Europe 600 Index edged down 0.10%, Germany's DAX 30 dropped 1.08%, France's CAC 40 slipped 0.69%, while the U.K.'s FTSE 100 added 0.34%.
U.S. Treasury prices were steady, as the benchmark 10-year Treasury yield edged lower to 0.658%.
Spot gold fell $6.00 to $1,861 an ounce.
U.S. WTI crude oil futures (November) ticked lower to $40.25 a barrel.
On the forex front, the U.S. dollar strengthened against other major currencies as the ICE Dollar Index stayed at a two-month high of 94.58.
EUR/USD dropped 0.35% to 1.1632. Concerns were caused by resurging virus cases in Europe. Spain's government has urged Madrid to lock down the entire city. Italy reported the most daily cases since May 1.
GBP/USD was stable at 1.2747. Meanwhile, the U.K. government has added London to its watch list of potential pandemic hot spots.
USD/JPY added 0.16% to 105.58.
Commodity-linked currencies were broadly lower. AUD/USD dropped 0.16% to 0.7035 extending its losing streak to a sixth session. USD/CAD climbed 0.20% to 1.3388.
S&P 500 Index: Daily Chart
Sources: GAIN Capital, TradingView
Investors are watching closely a potential COVID-19 stimulus package being discussed by the government and Democrat lawmakers.
Technology Hardware & Equipment (+3.31%), Health Care Equipment & Services (+2.33%) and Commercial & Professional Services (+2.12%) sectors performed the best. Cruise stocks such as Norwegian Cruise Line (NCLH +13.23%), Carnival (CCL +9.28%) and Royal Caribbean Cruises (RCL +7.49%) were top gainers. Boeing (BA +6.5%) also closed higher.
Shares of technology giants - Apple (AAPL +3.75%), Amazon.com (AMZN +2.49) and Tesla (TSLA +5.04%) - also post gains.
Approximately 55% (54% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 9% (8% in the prior session) were trading above their 20-day moving average.
U.S. official data showed that Durable Goods Orders (preliminary reading) rose 0.4% on month in August (+1.5% expected).
European stocks closed mixed. The Stoxx Europe 600 Index edged down 0.10%, Germany's DAX 30 dropped 1.08%, France's CAC 40 slipped 0.69%, while the U.K.'s FTSE 100 added 0.34%.
U.S. Treasury prices were steady, as the benchmark 10-year Treasury yield edged lower to 0.658%.
Spot gold fell $6.00 to $1,861 an ounce.
U.S. WTI crude oil futures (November) ticked lower to $40.25 a barrel.
On the forex front, the U.S. dollar strengthened against other major currencies as the ICE Dollar Index stayed at a two-month high of 94.58.
EUR/USD dropped 0.35% to 1.1632. Concerns were caused by resurging virus cases in Europe. Spain's government has urged Madrid to lock down the entire city. Italy reported the most daily cases since May 1.
GBP/USD was stable at 1.2747. Meanwhile, the U.K. government has added London to its watch list of potential pandemic hot spots.
USD/JPY added 0.16% to 105.58.
Commodity-linked currencies were broadly lower. AUD/USD dropped 0.16% to 0.7035 extending its losing streak to a sixth session. USD/CAD climbed 0.20% to 1.3388.
Related tags:
Latest market news
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
Oil Quietly Hands the Fed a Reason to Stay Hawkish
Oil prices and the U.S. dollar are both on the front foot as elevated energy costs feed Fed warnings that inflation may prove sticky.
S&P 500 forecast: Stocks extend drop as correction risks grow
US and global equity markets have extended Wednesday’s sell-off, with Wall Street opening lower after a weak handover from Asia and Europe. The deterioration in risk appetite has been spreading across global markets. The dollar was firmer, Treasury yields were holding onto yesterday’s gains, while gold, silver and bitcoin were all under pressure alongside equities and major currencies.
WTI Crude Oil Mulls Bounce from $90
Having fallen 17% from its cycle highs in just five days and now holding above $90, perhaps it could be time for crude oil to bounce over the near term.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.