[US market conditions]S & P 500 species continue to fall slightly, US Treasuries rise-Crude oil continues to grow on the 8th-Bloomberg

In the US stock market on the 10th, the S & P 500 stock index continued to fall slightly. It rose in the morning, and there were occasions when it hit a new high on a daytime basis. The move is to determine what the latest inflation indicators mean for the outlook for economic stimulus.

S & P 500 species decreased by less than 0.1% from the previous day to 3909.88. The Dow Jones Industrial Average is up $ 61.97 (0.2%) to $ 31437.80. The Nasdaq Composite Index fell 0.3%.

In the US Treasury market, 10-year bond yields fell below 1.15%. January US Consumer Price Index (CPI) statistics exclude volatile food and energyCore indexWas flat month-on-month for the second straight month. As of 4:38 pm New York time, the yield fell by 3 basis points (bp, 1bp = 0.01%) to 1.12%.

Although the CPI was sluggish in January, there are continuing concerns that upward pressure on prices will increase in the coming months. The reason is that the US Congress is expected to pass a large-scale additional economic measure bill and that personal consumption will pick up as vaccination with the new coronavirus progresses.

The dollar has fallen in the foreign exchange market. The dollar index fell for four business days in a row. The background is that Congress may pass an economic stimulus bill to boost growth. Federal Reserve Board of Governors (FRB) Chair PowellEconomic recoveryHe reiterated that both accommodative monetary policy and further fiscal policy are needed to support the situation.

The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the 10 major currencies, fell 0.1%. As of 4:39 pm New York time, the dollar is almost unchanged against the yen, which is 104.62 yen. The euro is almost unchanged against the dollar, 1 euro = 1.2118 dollars.

The New York crude oil futures market has continued to grow for eight business days. The global supply decline was once again recognized, and it was the longest consecutive rise since February 2019. Weekly statistics from the Energy Information Administration (EIA) show that US crude oil inventories have fallen, the lowest level since March last year.

The New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures March contract ends at $ 58.68 a barrel, up 32 cents (0.6%). The April contract for Brent North Sea in London ICE is up 38 cents to $ 61.47.

Gold spot market continues to grow for 4 business days. January US Consumer Price Index (CPI)Core indexWas flat month-on-month for the second straight month, falling below market expectations. “Because we are far from the inflation target of the financial authorities, the market will accept that additional economic measures will be taken,” said Bob Havercorn of RJO Futures, explaining that the money was supported.

Spot prices are up 0.2% to $ 1842.34 per ounce as of 3:08 pm New York time. The April contract for gold futures on the New York Board of Trade (COMEX) ended at $ 1842.70, up 0.3% to 1 ounce.

Original title:Stocks Drop for Second Day; Treasuries Advance: Markets Wrap(Excerpt)

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