A look at the markets before his press conference
US stocks fell back just ahead of President Powell’s scheduled press conference at the bottom of the hour.
A market overview a few minutes before the start shows:
- S&P Index -78.14 points or -2.03% to 3,771.45
- NASDAQ Index -238 points or -1.75% at 13,386.03
- Dow -492 points or -1.6% at 30,443.14
In the US debt market, the 10-year yield is trading at 1.009%, -2.5 basis points. The low yield today has risen to 0.9992%
In the forex market, the US dollar is the strongest, while the AUD is the weakest.
More specifically in forex:- EURUSD: 1.2105
- GBPUSD 1.3704
- USDJPY 104.13
- USDCHF 0.8889
- AUDUSD 0.7675
- NZD USD 0.7176
In other markets
- Spot gold is trading down -7.30 or -0.4% 1,843.45
- Cash is trading down $ 0.22 or -0.88% $ 25.24
- WTI crude oil futures are trading at $ 52.71 up $ 0.10
