AC

US CLOSING REPORT: WEDNESDAY – 20TH – JUNE – 2018 June 20, 2018 at 09:00PM

US CLOSING REPORT: WEDNESDAY – 20TH – JUNE – 2018

 

US CLOSING REPORT

WEDNESDAY – 20TH – JUNE – 2018

US cash equity markets are mixed at the closing bell (DJIA -0.2%, S&P +0.2%, NASDAQ +0.7%). Communication service stocks have outperformed with 21st Century Fox trading sharply higher as Walt Disney
and Comcast battle for their TV and film assets – Walt Disney have upped their offered to $71.3 Bln. In the bond markets, US yields have risen this afternoon with 10-year up three basis points to 2.93% which has helped the Dollar Index hang on to the 95 handle.
In the oil markets, US crude futures settled at $65.71 (+$0.81) after the Saudi Oil Minister said the market demands more oil in the second half of the year. He also said that every OPEC Minister he has met agreed it is time to change course. Elsewhere, the
UK House of Lords passed the EU Withdrawal bill after peers back down on ‘meaningful vote’ amendment

Key Headlines/Data:

*  Saudi Oil Minister al-Falih said the market demands more oil in the second half of the year. He also said that every OPEC Minister he has met agreed it is time to change course, he in confidence reason will
prevail and they will do the right thing.

*  US President Trump said new deals on trade are to be announced soon.

*  Trump also signed an Executive Order to stop the separation of children at the border.

*  S&P affirmed EU at AA, outlook stable.

*  The IMF approved a $50.0 Bln three-year loan to Argentina.

*  Canadian Foreign Minister Freeland said planned counter tariffs against the US are strong.

*  According to delegates, OPEC+ is said to plan to meet in September.

*  US crude futures settled at $65.71 (+$0.81)

*  UK House of Lords passed the EU Withdrawal bill after peers back down on ‘meaningful vote’ amendment

 

Read More: US CLOSING REPORT: WEDNESDAY – 20TH – JUNE – 2018

gbpusd gbp-usd

Categories: AC, FC, SGM

Tagged as: ,