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Wealth Daily 20 June 2022

WEALTH DAILY 2022-06-20
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US equities closed mostly higher last Fri (Jun 17), ending a tumultuous week. The S&P 500 Index posted its worst since 2020. 

The Dow Jones Industrial Average lost 38.29 pts, or 0.13%, to close at 29,888.78 on Fri. The S&P 500 index rose 0.22%. The tech-heavy Nasdaq Composite advanced 1.43%. The small cap Russell 2000 gained 0.96%. 

The yield on the 10-year Treasury note notched up 3.05 basis points (bps) to 3.2256%, while the yield on the 2-year Treasuries rose 8.52 bps to 3.1785%. 

The front-month Brent and WTI futures closed down $6.69 at US$113.12/bbl and $8.03 at US$109.56/bbl respectively. 

The ICE dollar index (DXY), which measures the strength of the greenback against a basket of currencies, rose 1.03% to 104.700. 

The most actively traded US gold futures (Aug) contracts settled down $9.30, or 0.5%, at US$1,840.60/oz. July silver, which is the most actively traded silver futures, fell 29.8 cents, or 1.4%, to end at US$21.587/oz. 

Bitcoin (XBTUSD, +15.87%) plunged below $18,000 on Sat. Though Bitcoin bounced back above the key $20,000 level on Sun. 

European equity markets finished mixed last Fri. The UK FTSE lost 0.41%, France's CAC 40 fell 0.06%, while the German DAX advanced 0.67%. 

Glencore (GLEN LN, -0.60%) expects first-half trading profit to top $3.2b, putting it on course for a record 2022. 

The New York Stock Exchange and Nasdaq is closed today (Mon), for the Junetenth holiday which commemorates the end of slavery.