Asia morning Nov 13
The three major U.S. indices closed lower on Thursday, as investors' risk appetite declined. Meanwhile, GBP/USD was down for a second day, amid persistent no-deal Brexit concerns.
Share this:
On Thursday, the three major U.S. indices closed lower as investors' risk appetite declined. The Dow Jones Industrial Average lost 317 points (-1.1%) to 29080, the S&P 500 slid 35 points (-1.0%) to 3537 and the Nasdaq 100 Index dropped 65 points (-0.6%) to 11827.
Energy (-3.39%), Automobiles & Components (-2.59%) and Materials (-2.17%) sectors led the decline. Approximately 85% of stocks in the S&P 500 Index were trading above their 200-day moving average and 85% were trading above their 20-day moving average. The VIX Index jumped 1.82pt (+7.76%) to 25.27.
Regarding U.S. economic data, CPI grew 1.2% on year in October (+1.3% expected), while jobless claims fell to 709,000 in the week ending Nov. 7 (731,000 expected) from 757,000 in the prior week. Later today, PPI for October (+0.4% on year expected) will be released and the University of Michigan will publish its Consumer Sentiment Index for November (82.0 expected).
European stocks were broadly under pressure. The Stoxx Europe 600 dropped 1.1%, Germany's DAX slid 1.2%, France's CAC 40 declined 1.5%, and the U.K.'s FTSE 100 fell 0.7%.
The benchmark U.S. 10-year Treasury yield retreated to 0.8815% from 0.9753% Wednesday, halting a four-day rally.
WTI crude futures slid 0.8% to $41.12 a barrel. The U.S. Energy Information Administration (EIA) reported that crude oil inventories increased 0.43 million barrels in the week ending Nov. 6 (-0.87 million barrels expected).
Spot gold rose 0.6% to $1,877 an ounce.
On the forex front, the U.S. dollar was broadly stable against its major peers, as the ICE Dollar Index edged down just 0.1% to 92.96.
EUR/USD gained 0.2% to 1.1805. Official data showed that the eurozone's industrial production fell 0.4% on month in September (+0.6% expected). Meanwhile, investors will focus on the bloc's third quarter GDP data due later in the day (-4.3% on year expected).
GBP/USD dropped 0.8% to 1.3120, amid persistent concern over the future relationship of Britain and the European Union. On the other hand, government data showed that U.K. third quarter GDP shrank 9.6% on year (-9.4% expected), while industrial production grew 0.5% on month in September (+1.0% expected).
USD/JPY lost 0.3% to 105.11.
Commodity-linked currencies weakened against the greenback. AUD/USD slid 0.6% to 0.7234 and NZD/USD dipped 0.7% to 0.6834, while USD/CAD advanced 0.6% to 1.3142.
Dow Jones Industrial Average daily chart:
Source: GAIN Capital, TradingView
Energy (-3.39%), Automobiles & Components (-2.59%) and Materials (-2.17%) sectors led the decline. Approximately 85% of stocks in the S&P 500 Index were trading above their 200-day moving average and 85% were trading above their 20-day moving average. The VIX Index jumped 1.82pt (+7.76%) to 25.27.
Regarding U.S. economic data, CPI grew 1.2% on year in October (+1.3% expected), while jobless claims fell to 709,000 in the week ending Nov. 7 (731,000 expected) from 757,000 in the prior week. Later today, PPI for October (+0.4% on year expected) will be released and the University of Michigan will publish its Consumer Sentiment Index for November (82.0 expected).
European stocks were broadly under pressure. The Stoxx Europe 600 dropped 1.1%, Germany's DAX slid 1.2%, France's CAC 40 declined 1.5%, and the U.K.'s FTSE 100 fell 0.7%.
The benchmark U.S. 10-year Treasury yield retreated to 0.8815% from 0.9753% Wednesday, halting a four-day rally.
WTI crude futures slid 0.8% to $41.12 a barrel. The U.S. Energy Information Administration (EIA) reported that crude oil inventories increased 0.43 million barrels in the week ending Nov. 6 (-0.87 million barrels expected).
Spot gold rose 0.6% to $1,877 an ounce.
On the forex front, the U.S. dollar was broadly stable against its major peers, as the ICE Dollar Index edged down just 0.1% to 92.96.
EUR/USD gained 0.2% to 1.1805. Official data showed that the eurozone's industrial production fell 0.4% on month in September (+0.6% expected). Meanwhile, investors will focus on the bloc's third quarter GDP data due later in the day (-4.3% on year expected).
GBP/USD dropped 0.8% to 1.3120, amid persistent concern over the future relationship of Britain and the European Union. On the other hand, government data showed that U.K. third quarter GDP shrank 9.6% on year (-9.4% expected), while industrial production grew 0.5% on month in September (+1.0% expected).
USD/JPY lost 0.3% to 105.11.
Commodity-linked currencies weakened against the greenback. AUD/USD slid 0.6% to 0.7234 and NZD/USD dipped 0.7% to 0.6834, while USD/CAD advanced 0.6% to 1.3142.
On Thursday, the three major U.S. indices closed lower as investors' risk appetite declined. The Dow Jones Industrial Average lost 317 points (-1.1%) to 29080, the S&P 500 slid 35 points (-1.0%) to 3537 and the Nasdaq 100 Index dropped 65 points (-0.6%) to 11827.
Energy (-3.39%), Automobiles & Components (-2.59%) and Materials (-2.17%) sectors led the decline. Approximately 85% of stocks in the S&P 500 Index were trading above their 200-day moving average and 85% were trading above their 20-day moving average. The VIX Index jumped 1.82pt (+7.76%) to 25.27.
Regarding U.S. economic data, CPI grew 1.2% on year in October (+1.3% expected), while jobless claims fell to 709,000 in the week ending Nov. 7 (731,000 expected) from 757,000 in the prior week. Later today, PPI for October (+0.4% on year expected) will be released and the University of Michigan will publish its Consumer Sentiment Index for November (82.0 expected).
European stocks were broadly under pressure. The Stoxx Europe 600 dropped 1.1%, Germany's DAX slid 1.2%, France's CAC 40 declined 1.5%, and the U.K.'s FTSE 100 fell 0.7%.
The benchmark U.S. 10-year Treasury yield retreated to 0.8815% from 0.9753% Wednesday, halting a four-day rally.
WTI crude futures slid 0.8% to $41.12 a barrel. The U.S. Energy Information Administration (EIA) reported that crude oil inventories increased 0.43 million barrels in the week ending Nov. 6 (-0.87 million barrels expected).
Spot gold rose 0.6% to $1,877 an ounce.
On the forex front, the U.S. dollar was broadly stable against its major peers, as the ICE Dollar Index edged down just 0.1% to 92.96.
EUR/USD gained 0.2% to 1.1805. Official data showed that the eurozone's industrial production fell 0.4% on month in September (+0.6% expected). Meanwhile, investors will focus on the bloc's third quarter GDP data due later in the day (-4.3% on year expected).
GBP/USD dropped 0.8% to 1.3120, amid persistent concern over the future relationship of Britain and the European Union. On the other hand, government data showed that U.K. third quarter GDP shrank 9.6% on year (-9.4% expected), while industrial production grew 0.5% on month in September (+1.0% expected).
USD/JPY lost 0.3% to 105.11.
Commodity-linked currencies weakened against the greenback. AUD/USD slid 0.6% to 0.7234 and NZD/USD dipped 0.7% to 0.6834, while USD/CAD advanced 0.6% to 1.3142.
Dow Jones Industrial Average daily chart:
Source: GAIN Capital, TradingView
Energy (-3.39%), Automobiles & Components (-2.59%) and Materials (-2.17%) sectors led the decline. Approximately 85% of stocks in the S&P 500 Index were trading above their 200-day moving average and 85% were trading above their 20-day moving average. The VIX Index jumped 1.82pt (+7.76%) to 25.27.
Regarding U.S. economic data, CPI grew 1.2% on year in October (+1.3% expected), while jobless claims fell to 709,000 in the week ending Nov. 7 (731,000 expected) from 757,000 in the prior week. Later today, PPI for October (+0.4% on year expected) will be released and the University of Michigan will publish its Consumer Sentiment Index for November (82.0 expected).
European stocks were broadly under pressure. The Stoxx Europe 600 dropped 1.1%, Germany's DAX slid 1.2%, France's CAC 40 declined 1.5%, and the U.K.'s FTSE 100 fell 0.7%.
The benchmark U.S. 10-year Treasury yield retreated to 0.8815% from 0.9753% Wednesday, halting a four-day rally.
WTI crude futures slid 0.8% to $41.12 a barrel. The U.S. Energy Information Administration (EIA) reported that crude oil inventories increased 0.43 million barrels in the week ending Nov. 6 (-0.87 million barrels expected).
Spot gold rose 0.6% to $1,877 an ounce.
On the forex front, the U.S. dollar was broadly stable against its major peers, as the ICE Dollar Index edged down just 0.1% to 92.96.
EUR/USD gained 0.2% to 1.1805. Official data showed that the eurozone's industrial production fell 0.4% on month in September (+0.6% expected). Meanwhile, investors will focus on the bloc's third quarter GDP data due later in the day (-4.3% on year expected).
GBP/USD dropped 0.8% to 1.3120, amid persistent concern over the future relationship of Britain and the European Union. On the other hand, government data showed that U.K. third quarter GDP shrank 9.6% on year (-9.4% expected), while industrial production grew 0.5% on month in September (+1.0% expected).
USD/JPY lost 0.3% to 105.11.
Commodity-linked currencies weakened against the greenback. AUD/USD slid 0.6% to 0.7234 and NZD/USD dipped 0.7% to 0.6834, while USD/CAD advanced 0.6% to 1.3142.
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
EUR/USD weekly outlook: Oil, inflation and NFP in focus
After coming under significant pressure in recent weeks, the EUR/USD came off its lows to finish the week on a positive note on Friday, albeit with only a mild rebound. That was not enough to prevent the exchange rate falling for the third consecutive week, as the US dollar and bond yields rallied across the board.
EUR/USD Q4 2026 Outlook: Euro at a Crossroads as Fed, ECB Tighten 9 25 2026
EUR/USD enters Q4 at a pivotal inflection point as competing Fed-ECB policy paths and persistent inflation risks collide with major technical support.
Equity Indices Q4, 2026 Outlook: Cracks Begin to Show
There's still an open door for a melt-up in the S&P 500 and Nasdaq but the Dow and Russell 2000 are looking more vulnerable, and until calm hits the Treasuries market there's a higher probability for volatility. The big question is whether that's a next quarter theme or not.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.