MARKTE USA / stock exchanges at the start with premiums | News

NEW YORK (Dow Jones) – After weekend returns, Wall Street starts trading on Premium Mondays. The strong US labor market report for May recently fueled concerns about further increases in key interest rates.

The Dow Jones index gained 0.7 percent to 33,123 points shortly after opening. The S&P 500 index rose 1.0 percent and the Nasdaq Composite rose 1.5 percent.

“The labor market remains tight and employment growth stable. This allows the Federal Reserve to keep raising interest rates, ”said Jeffrey Roach, chief economist at LPL Financial. The US Federal Reserve is expected to raise interest rates by 50 basis points at both the June and July meetings. What it will do then in September is not certain yet, but Friday’s employment report did not do much to change the mindset of those on Wall Street who believe the Fed still has a lot to do to cool the overheated economy.

At the beginning of the week, the US economic data agenda is empty. Investors are already focusing on May consumer prices, which will be released on Friday and will contain further information on inflation developments.

Amazon shares split – Twitter after Musk’s accusations about discounts

In terms of individual values, the emphasis is on Amazon’s share with a 1:20 share split. Securities gain 2.2 percent. up to $ 125.14. This long-announced step is now underway, so each investor will have 20 times more Amazon stock in their portfolios than before. In Friday’s after-hours trading, the title was still $ 2,447.50.

Twitter ben 3.9% billionaire Elon Musk accused his takeover target Twitter of failing to fulfill its obligations under the takeover agreement. Musk believes he has the right to terminate the contract. Musk said Twitter declined to provide the necessary details to facilitate its own assessment of the number of spam and fake accounts on the social media platform.

AIkido Pharma fell 8.9 percent to $ 0.27 after the company decided to reverse the stock split to meet its requirement to remain on the stock exchange. By combining every 17 Alkido shares into one, the price rises above the required $ 1 mark.

Oil prices maintain their recent gains

After a sharp rise on Friday, oil prices recovered somewhat again. The price of the barrel of the WTI variety increased by 0.6 percent, the price of Brent was up by 0.5 percent. higher. Supporting action is the fact that Saudi Aramco, the world’s largest oil producer, has significantly raised its selling price in the East Asia region. According to observers, there should be an expectation that demand will remain strong.

The euro has not changed much either. According to the RBC’s currency exchange experts, it should show strength ahead of Thursday’s ECB interest rate meeting. The central bankers there are likely to see July approaching rate hike a signal that creates a demand for the euro in advance. Sterling is also up, despite a vote of no confidence in Prime Minister Boris Johnson tonight. The dollar index also remains almost unchanged.

Bond market quotations are declining slightly. The yield on 10Y securities increased by 2.3 basis points to 2.96 percent, respectively, and is therefore slightly below the 3.00 percent limit.

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INDEX last + / -% absolute + / -% YTD

DJIA 33 123.17 + 0.7% 223.47 -8.9%

S&P 500 4 151.32 + 1.0% 42.78 -12.9%

Nasdaq Comp. 12 189.29 + 1.5% 176.55 -22.1%

Nasdaq-100 12 738.29 + 1.5% 190.26 -22.0%

US bonds

Term Profitability Bp to VT Profitability VT +/- Bp YTD

2 years 2.70 +1.7 2.68 196.6

5 years 2.98 +4.3 2.93 171.5

7 years 3.00 +2.7 2.97 155.7

10 years 2.96 +2.3 2.94 145.1

30 years old 3.13 +3.6 3.09 122.9

FOREX last +/-% Mon 8:36 Fri 17:01% YTD

EUR / USD 1.0712 -0.1% 1.0729 1.0721 -5.8%

EUR / JPY 140.20 -0.1% 140.18 140.14 + 7.1%

EUR / CHF 1.0323 + 0.0% 1.0322 1.0317 -0.5%

EUR / GBP 0.8540 -0.5% 0.8566 0.8562 + 1.6%

USD / JPY 130.87 -0.0% 130.65 130.74 + 13.7%

GBP / USD 1.2543 + 0.4% 1.2523 1.2521 -7.3%

USD / CNH (offshore) 6.6415 -0.1% 6.6588 6.6484 + 4.5%

Bitcoin

BTC / USD 31 402.16 + 4.9% 31 226.07 29 419.07 -32.1%

ROHOEL the last VT-Settl. +/-% +/- USD% YTD

WTI / Nymex 119.63 118.87 + 0.6% 0.76 + 64.4%

Brent / ICE 120.32 119.72 + 0.5% 0.60 + 59.5%

METALS last day before +/-% +/- USD% YTD

Gold (spot) 1,853.77 1,851.15 + 0.1% +2.62 + 1.3%

Silver (Spot) 22.35 21.93 + 1.9% +0.42 -4.1%

Platinum (spot) 1033.38 1012.99 + 2.0% +20.39 + 6.5%

The future of copper 4.43 4.48 -1.0% -0.05 -0.5%

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Contact the author: maerkte.de@dowjones.com

DJG / DJN / bug / mpt

(END) Dow Jones Newswires

June 6, 2022 09:52 ET (13:52 GMT)

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