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The US stock market fell on the 15th.Retail sales and producer price index (The movement to identify the influence of PPI) has spread. The Federal Open Market Committee (FOMC), which began that day, will announce its policies the next day.
The S & P 500 Index fell for the first time in 4 business days. Selling real estate and tech stocks pushed down the index. ExxonMobil and Chevron were bought against the backdrop of high oil prices, pushing up the energy sector as a whole.
S & P 500 species are 4246.59, down 0.2% from the previous day. The Dow Jones Industrial Average is down $ 94.42 (0.3%) to $ 34299.33. The Nasdaq Composite Index fell 0.7%. As of 4:53 pm New York time, the yield on US 10-year bonds is 1.49%, almost unchanged from the previous day.
Former Merrill Lynch trader Tom Essay, who founded the newsletter The Sevens Report, said, “The FOMC meeting for the past year or so has been lacking in excitement, but now it’s a historic mitigation phase. The authorities are likely to start expressing their intentions about the contraction, which could affect the market. “
Economist conducted by BloombergAccording to the survey, economic forecasts released after the FOMC meeting expect to start raising interest rates in 2023 amid economic growth and accelerated inflation, but financial officials will not signal a reduction in bond purchases until August or September. That’s right.
In the foreign exchange market, the Bloomberg Dollar Spot Index, which shows the movement of the dollar against the 10 major currencies, continued to grow for the third day. Demand for high-risk assets has receded as US retail sales fell more than expected month-on-month, reducing optimism about the pace of economic recovery. In particular, the currencies of resource-rich countries such as Australia and Canada have been significantly depreciated among the major currencies.
The dollar index rose 0.1% to its highest level since June 4. The dollar is almost unchanged against the yen, and the dollar is 110.06 yen. The euro is up 0.1% against the dollar at 1 euro = 1.2126 dollars.
New York crude oil futures market rebounded. Buying swelled as prominent oil traders pointed out a series of outlooks, the highest since October 2018.
The July contract for West Texas Intermediate (WTI) futures on the New York Mercantile Exchange (NYMEX) ends at $ 72.12 a barrel, up $ 1.24 (1.8%) from the previous day. The August contract for Brent North Sea in London ICE rose $ 1.13 to $ 73.99.
The New York gold market has fallen for three consecutive days. In addition to the strong dollar, the yield on 10-year US Treasury bonds rose modestly, which made the investment of non-interest-bearing gold less attractive. The August contract on the New York Board of Trade (COMEX) gold futures closed at $ 1856.40 an ounce, down 0.5% from the previous day.
Original title:Stocks Snap Three-Day Rally; Crude Oil Jumps: Markets Wrap（抜粋）
Dollar Climbs for Third Day as Traders Focus on Fed: Inside G-10（抜粋）
Oil Rises to Highest Since 2018 as Traders Eye Further Rally（抜粋）
Gold Heads for Third Straight Drop With Focus on Key Fed Meeting（抜粋）
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