2024-02-27 23:23:01
The dollar/yen exchange rate fell 0.1% to 150.56 yen. The dollar index rose 0.08% to 103.86.
The crypto asset (virtual currency) Bitcoin has hit its highest price in two years. Bitcoin rose 5.22% to $57,513, and Ether rose 2.26% to $3,258.
EUR/USD fell 0.1%.
However, US bond yields fell early. This comes following stable demand was seen in the seven-year bond auction. The yield on the seven-year Treasury note was 4.342%, up 1.2 basis points (bp) at the end of the session. This led to an early decline in yields as the Fed confirmed its view that it would cut interest rates by the summer. However, the impact was short-term. Concerns regarding the domestic political environment weighed on the government.See more
In followingnoon trading, the benchmark 10-year bond yield rose 2 basis points to 4.319%. The 30-year bond yield rose 2.5 basis points to 4.443%.
The yield on two-year bonds was almost unchanged at 4.718%.
Since the employment statistics will not be released until next week, the immediate focus will be on the personal consumption expenditure (PCE) price index for January, which will be released on the 29th. PCE is a price index that is emphasized by the US Federal Reserve Board (FRB).
If the PCE is as strong as the recent Consumer Price Index (CPI) and Wholesale Price Index (PPI), the Fed might be forced to keep interest rates at current levels for longer than the market expects. There is sex.
On this day, Apple (AAPL.O), opens new tab, which had been declining, turned positive in late trading and ended 0.81% higher. This provided some support to the overall market. The news comes from reports that the company will discontinue its electric vehicle (EV) development business and transfer some employees from that business to its AI business. See more Meanwhile, medical insurance giant UnitedHealth Group (UNH.N), opens new tab accelerated its decline in the closing stages, dropping 2.27%, putting pressure on the Dow. The Wall Street Journal (WSJ) reported that the U.S. Department of Justice has begun an antitrust investigation into the company. Pharmaceutical company Viking Therapeutics (VKTX.O), opens new tab, jumped 121.02%. Patients in a mid-term clinical trial of an obesity drug showed “significant” weight loss.
This is a provisional value based on LSEG data.The comparison from the previous day may not match.
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