Stock markets fell across the board on December 10 as investors awaited the US CPI report due on December 11. The CPI is expected to influence the Fed's interest rate decision at its December meeting. Meanwhile, gold and oil prices saw slight fluctuations.
At the end of the trading session on December 10, the S&P 500 index fell 0.3% to 6,034.91 points, the Nasdaq Composite index fell 0.25% to 19,687.24 points, marking the second consecutive decline. The Dow Jones index fell 154.10 points (0.35%) to 44,247.83 points, marking the fourth consecutive decline.
Investors are awaiting the US consumer price index (CPI) report due on December 11, which is expected to influence the US Federal Reserve's decision on interest rates at its meeting on December 17-18. Experts polled by Dow Jones forecast the nominal CPI to increase by 0.31% in November and by 2.71% in the same month last year.
On the morning of December 11, the USD index recovered to 106 points. The yield on 10-year US Treasury bonds inched up to 4.237%.
Financial economic news Spot gold rose 1.3% to $2,692.32 an ounce, while gold futures rose 1.2% to $2,718.40 an ounce. Brent crude rose slightly 0.07% to $72.19 a barrel, and WTI crude rose 0.32% to $68.59 a barrel. Both crudes rose more than 1% on December 9.
January silver futures rose 0.4% to $32.461 a troy ounce, while platinum fell 1% to $949.10 a troy ounce. Copper edged down 0.1% to $4.2355 a pound. Stay tuned! HVA to update and grasp the fastest information about the financial market every day.
