Equities: The S&P 500 climbed nearly 2.0% in its best single-session performance since April. The tech-heavy Nasdaq 100 led global benchmarks with a vertical 3.0% surge, while the blue-chip Dow Jones Industrial Average scaled new historic highs. In contrast, energy producers lagged significantly (-3.6% for the S&P Energy sector).<\/p>\n
Fixed Income: Sovereign bonds caught a wave of structural re-buying as hawkish rate-hike fears subsided alongside energy metrics. The policy-sensitive US two-year Treasury yield dropped by 2 bps to settle at 4.07% on Monday, 15 June. In Europe, Germany\u2019s 10-year Bund yield and the UK 10-year Gilt yield edged lower by 3 bps and 1 bps, reflecting broader macro decompression.<\/p>\n
FX: The U.S. Dollar Index (DXY) traded on a softer tone but held its 20-day moving average, acting as a key intermediate support at 99.50. The British pound underperformed, trading almost unchanged at 1.3412 against the US dollar; earlier intraday gains were wiped out amid political risk in the UK (uncertainty surrounding PM Starmer\u2019s fate).<\/p>\n
The Japanese yen remained weak at 160.20 per US dollar as the BoJ hiked its policy rate by 25 bps, as expected, to 1%, a 31-year high, and offered a dovish element, saying it will pause its JGB taper from April 2027.<\/p>\n
Commodities: WTI and Brent crude oil tumbled and broke below key medium-term supports of $85.50\/bbl and $86.25\/bbl. Lower energy prices reduced the stagflation risk narrative, allowing precious metals to extend their corrective rebound into a third consecutive session. Gold rallied 2.1% to close at $4,308\/oz on Monday, 15 June, below its 20-day moving average ($4,405\/oz).<\/p>\n","protected":false},"excerpt":{"rendered":"Equities: The S&P 500 climbed nearly 2.0% in its best single-session performance since April. The tech-heavy Nasdaq 100…\n","protected":false},"author":2,"featured_media":480271,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-480270","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/480270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=480270"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/480270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/480271"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=480270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=480270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=480270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}