US Markets at record high, Crude stabilises, Fed minutes in focus. Here are the overnight global cues for trade -:
Equity Markets
- US markets end in the green in a tepid session, S&P 500 up 0.34% overnight to close at an all-time high of 4,358.13.
- Tech stocks outperform, Apple stock hits record high as marketcap tops $2.4 trillion
- Asian markets mixed in trade following listless US market cues
Commodity Cues
- Crude prices steady around the $73/bbl mark
- Gold futures rose 0.4% to settle at $1,802
- China likely to sell more metals from reserve to stabilise price
Money Market Cues
- Dollar remained firm against a basket of currency, Dollar Index at 92.70
- Fed June minutes showed the “substantial further progress” target for the economic recovery generally had yet to be met.
- US 10 year yield at the lowest level in 19 weeks, below 1.3%