On Thursday, the U.S. Dollar Index traded sideways above the 100 mark and ultimately closed down 0.08% at 100.2, ending its five-day winning streak.The yield on the benchmark 10-year U.S. Treasury note fell nearly 9 basis points to 4.939%; the yield on the 2-year U.S. Treasury note, which is sensitive to the Federal Reserve’s policy rate, dropped more than 7 basis points to 4.675%.
As falling oil prices eased inflation concerns, spot gold rebounded sharply, briefly breaking above the $4,380 mark during the session before giving back some of its gains; it ultimately closed up 1.82% at $4,341.82 per ounce;Spot silver rose more than 4% at one point during the session and ultimately closed up 3.49% at $65.21 per ounce.
International oil prices fell for the second consecutive trading day after reports emerged that Saudi Arabia is shipping oil via “ship-to-ship” transfers and plans to restore half the capacity of its East-West oil pipeline within a few days.WTI crude briefly fell below the $95 mark during the session and ultimately closed down 1.01% at $96.52 per barrel; Brent crude closed down 1.55% at $100.59 per barrel.
The three major U.S. stock indices saw mixed performance,with the Dow Jones Industrial Average up 0.6%, the S&P 500 up 1.1%, and the Nasdaq up 1.69%. SK Hynix (SKHY.O) rose 4.6%, Nvidia (NVDA.O) rose 2.5%, AMD (AMD.O) rose 6%,Intel (INTC.O) rose nearly 7.6%. The Nasdaq China Golden Dragon Index rose 0.16%; Alibaba (BABA.N) rose 1%, while Bilibili (BILI.O) fell 3%.
Major European stock indices closed higher across the board, with Germany’s DAX 30 index up 0.7%, the UK’s FTSE 100 index up 1.19%, and the Euro Stoxx 50 index up 0.9%.