The Dow industrial average is also trading higher
The major indices are opening at higher levels. The S&P index and the NASDAQ composite index also trading at record levels.
A snapshot of the markets currently shows
- S&P index up 10.4 points or 0.31% at 3331.30
- NASDAQ index up 42 points or 0.45% at 9413.65
- Dow up 88.4 points or 0.31% at 29284
In the US debt market yields are little changed
- 2 year 1.526 percent, -0.2 basis points
- 5 year 1.576%, +0.1 basis points
- 10 year 1.769%, -0.5 basis points
- 30 year 2.222%, -1.4 basis points
In other markets:
- Spot gold is trading down $1.23 or -0.08% at $1556.95
- WTI crude oil futures are down $1.25 or -2.14% of $57.12
In the forex market, the GBP continues to outperform. The GBPUSD moved to new session highs at 1.3152. The 61.8% retracement of the move down from the December 31 high comes in at 1.31574. That is the next target followed by the January 8 high of 1.31694 (see post here). The GBPJPY moved to the highest level since December 17 at 144.60. A topside trend line comes in at 144.98 off of the 4 hour chart (see chart below)
