US stocks on Friday posted new record highs with the S&P 500 closed above 4,100 as investors eyeing a large number of earnings reports this week. Indices futures in Japan, Australia, and Hong Kong all pointing to a steady open, with the Fed flagging stronger growth and hiring prospect.
According to ZERO Markets’ Metatrader 4 platform, the US dollar was mixed against major forex pairs last Friday. EUR/USD rose from lows near 1.1865 highs around $1.1910. AUD/USD rose from lows near to $0.75.88 highs around $0.7640. The dollar is steady Monday morning.
The US 10-year Treasury yields rose on Friday by 3 points to 1.66% after data showed stronger-than-expected producer-price inflation. US 2-year yields rose by 1 point to near 0.159%.
Commodity traders on Friday saw global oil prices fell by 0.5% on fuel demand concerns. The Zero Markets’ MT4 showed WTI futures plunged around 0.02% to near $59.56 per barrel.
To the delight of cryptocurrency traders, Bitcoin rallied pass over $61,000 over the weekend before easing back towards $60,000. The upcoming listing of Coinbase Global Inc., the largest crypto exchange has shed more spotlights on cryptocurrency trading.
Key events this week:
- Australia Business Confidence, China Trade Balance (Tuesday)
- RBNZ Policy Decision, Japan Core Machine Orders (Wednesday)
- Australia Employment Data (Thursday)
- China 1Q GDP (Friday)
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