The U.S. housing and job market data to good news: May home contracted sales index unexpectedly increased to a 16-year high instead of falling, June “small non-farm payrolls” ADP private employment growth than expected, but the spread of inflation concerns and Delta virus. In June, as well as the second quarter and the last trading day of the first half of the year, the day led by technology stocks fell back, while energy stocks rebounded, the three major U.S. stock indexes were mixed, the S&P narrow fluctuations, hovering at record highs, the Nasdaq fell off the highs, the Dow opened higher.
Among Chinese stocks, online car giant Drip Trip (DIDI) hit the second largest U.S. Chinese IPO in history after Ali, once up nearly 29% during the day, but has since given back most of its gains; hip-hop culture first stock Pupu Culture (CPOP) had risen more than 480% during the day. Dingdong Buyer (DDL), which closed almost flat on its first day of trading, soared the next day, stopping twice within an hour, and its share price had nearly doubled in early trading, giving back about half of its gains at midday.
Under the threat of an epidemic, the dollar index continued to strengthen, setting new highs for more than two and a half months and surging in June, but U.S. bond yields sank, with the quarter-end Fed reverse repo tool usage approaching $1 trillion for the first time in history, and the 10-year U.S. bond yield fell to a more than one-week low, falling in both June and the second quarter.
In commodities, crude oil rebounded further after the U.S. announced last week’s EIA crude oil inventories fell for six consecutive weeks from a year earlier, with significant cumulative gains throughout the month, quarter and first half; while precious metals metals rebounded but fell cumulatively on a monthly, quarterly and semi-annual basis; copper likewise plunged in June, but rose cumulatively in the second quarter.
In the European market, Delta virus spread under the threat of auto stocks led the decline, pan-European stock indexes fell back, but June, the second quarter and the first half of the year were cumulative gains; European bond prices rebounded, yields fell throughout the day, the whole month and the quarter.
Dow three weeks new highs S&P another new highs Technology stocks rally temporarily rested Nasdaq fell to highs Drops retracted more than 20% gains during the day P&P culture first day up four times
The three major U.S. stock indexes, Wednesday, the NASDAQ Composite Index held all day to maintain the worst performance of the decline, down more than 0.3% at the beginning of the day when the new daily low; Dow Jones Industrial Average opened high and performed best, up nearly 250 points at lunchtime when it hit a new intraday high since June 11; S&P 500 opened slightly lower, quickly turned up at the beginning of the day after the early session had a short turn down, after retaining the upward trend, but less volatile, the end of the fifth consecutive day When a new intraday high was only up by more than 0.2%.
Ultimately, the three major indices only the Nifty closed down, ending a two-day streak, the S&P and the Dow rose for five days and two days, respectively. The Dow closed up 210.22 points, or 0.61%, at 34,502.51 points, a new closing high since June 8. The S&P closed up 0.13% at 4297.50 points, a new closing high for the fifth consecutive day. The Nasdaq closed down 0.17 percent at 14,503.95, falling from the record high set on Tuesday, after closing at a new high for four of the last six trading days through Tuesday.
Small-cap stocks still failed to outperform the S&P and Dow, with the value-oriented small-cap index Russell 2000 edging up 0.07% after turning up in early trading. Technology-heavy Nasdaq 100 index closed down 0.12%.
In June, the S&P rose 2.22%, up six months in a row, the Dow fell nearly 0.08%, ending a five-month streak, the Nasdaq rose 5.49%, erasing the largest monthly decline of seven months in May, the seventh month of the last eight months cumulative gains; Russell 2000 rose 1.83%.
The Dow rose 4.6% in the second quarter, the S&P rose 8.17%, the Nasdaq rose 9.49%, five consecutive quarters of cumulative gains, the S&P’s longest consecutive quarter in 2017; Russell 2000 rose 4%.
The Dow rose 12.7% in the first half of the year, the S&P rose 14.4%, the second largest semi-annual increase since 1998, the Nasdaq rose 12.5%; Russell 2000 rose 17%.
Dow components, Wal-Mart rose more than 2% on Wednesday, Goldman Sachs, Boeing, Honeywell, Caterpillar, 3M Disney, etc. rose more than 1%, but Intel fell about 1%. Of the 11 major sectors of the S&P 500, seven closed up and four closed down on Wednesday. Up in the sector, up more than 1.3% of energy led by the rise, followed by more than 0.7% of the essential consumer goods, the smallest increase in health care closed slightly higher. Declining sectors, down more than 0.7% of real estate led the decline, telecommunications services and utilities fell less than 0.3%, information technology fell 0.1% fell to the bottom.
Chinese stocks, the first landing in the U.S. stock drops opened up nearly 19%, up nearly 29% during the day after retreating to close up 1%; also listed on Wednesday, Pupu culture closed up more than 400%, Dingdong buy vegetables listed the next day had risen more than 95% during the day, closing up 62.8%. New energy auto stocks were up and down, with Azera up more than 5% and Ideal Auto up about 2%.
The pan-European stock index Euro Stoxx 600 fell back, giving back all of Tuesday’s gains, led by sectors that fell nearly 1.9% in autos and parts and nearly 1.4% in utilities.
In June, the Stock Exchange 600 index rose for five consecutive months, but the lowest gain in five months. the best performing sector in June was health care, which rose nearly 6.7%.
Stock Exchange 600 in the second quarter for the fifth consecutive quarter cumulative gains, the largest sector gains in the second quarter is up more than 12% of the retail sector.
The Stock Exchange 600 rose 13.5% in the first half of the year, the largest first-half gain in 2019, although the auto sector led the decline on Wednesday, but the first half of the cumulative rise of 23%.
The dollar hit a new high of more than two and a half months and the biggest monthly gain in 15 months Bitcoin nearly broke $34,000 Ether once rose nearly 10% solo cryptocurrency
The ICE dollar index (DXY), which tracks the exchange rate of a basket of six major currencies of the U.S. dollar, moved further upward after hitting a one-week high on Tuesday, pulling up since midday in European stocks on Wednesday, with U.S. stocks once rising above 92.40 at midday, hitting a new intraday high since early April, up more than 0.4% during the day.
By Wednesday’s U.S. stock market close, the dollar index was close to 92.35, up more than 0.3% intraday, up more than 2.5% in June, the largest monthly gain since March last year, down more than 0.9% in the second quarter; Bloomberg Dollar Spot Index rose 0.3%, also the largest monthly gain in 15 months.
Bitcoin (BTC) had fallen below $ 34,100,000 in the U.S. stock market at midday approaching the $ 34,000 mark to refresh the daily low, down more than $ 2,000 from the intra-day high in early Asian trading, a percentage drop of nearly 6% U.S. stocks closed at below $ 34,900,000, down 4% in the last 24 hours.
Ether (ETH), the second largest cryptocurrency after Bitcoin in terms of market capitalization, is approaching $2,290 in midday trading to hit a new high since June 21, up nearly 10% from the intraday low, with U.S. stocks closing above $2,200, up nearly 1.9% in 24 hours.
CoinMarketCap data show that most of the mainstream cryptocurrencies on Wednesday ended the momentum of consecutive days of gains, by the end of the U.S. stock market, market capitalization of the sixth largest cryptocurrency dogcoin (DOGE) the recent 24-hour cumulative decline of more than 5%, the seventh largest cryptocurrency ripple (XRP) fell more than 4%, the 13th largest cryptocurrency litecoin (LTC) fell more than 3%, the fourth and 12th largest cryptocurrency coinancoin (BNB) and Bitcoin Cash (BCH) fell more than 2%, but ETH was the best relative performer, and Cardano (ADA), the fifth largest cryptocurrency, rose more than 0.2%.
10-year U.S. bond yields hit a more than one-week low, long bond yields fell and short bonds rose in the second quarter
U.S. 10-year benchmark Treasury yields have maintained their downward momentum since European stocks turned lower in early trading. U.S. stocks had fallen below 1.44% in early trading, hitting a new intraday low since last Monday, June 21, dropping more than 3 basis points during the day, with U.S. stocks recovering at midday.
By the time U.S. stocks closed, the 10-year U.S. bond yield was about 1.46%, down 1 basis point intra-day, down about 13 basis points in June, down 28 basis points in the second quarter, retracting some of the gains in the first quarter, a cumulative increase of more than 80 basis points in the first quarter, up about 55 basis points in the first half of the year.
The 30-year Treasury yield fell 34 basis points in the second quarter, the largest decline since the first quarter of last year, and the 2-year yield rose nearly 11 basis points, the largest quarterly increase since the third quarter of 2018.
European Treasuries rebounded collectively in price on Wednesday, with yields giving back Tuesday’s gains. British 10-year benchmark bond yields fell 2.2 basis points to 0.716% during the day; German bond yields fell 3.8 basis points to -0.207% during the same period. June British bond yields fell by nearly 8 basis points, down two months in a row, German bonds fell by more than 2 basis points; the second quarter British bond yields fell by nearly 13 basis points, German bonds fell by more than 8 basis points, retracting some of the gains in the first quarter. British bond yields rose nearly 53 basis points in the first half of the year, the German bond cumulative rise of more than 36 basis points.
Crude oil two consecutive positive second quarter rose 24% natural gas hit a new three-and-a-half-year high in June rose more than 20%
International crude oil futures rose for two days in a row, further breaking away from a one-week low.
U.S. WTI August crude oil futures closed up $0.49, or 0.67 percent, at $73.47/barrel; Brent August crude oil futures closed up $0.37, or 0.49 percent, at $75.13/barrel, continuing to move closer to a 20-month high. On Friday, U.S. oil closed above $74 for the first time since October 2018, and Brent oil rose above $76 to a new high since late October 2018.
The September contract of the main contract of the main contract of the booze oil closed up 0.5% at $74.62 per barrel on Wednesday. The main contracts for U.S. oil and booze rose nearly 10.8% and 7.2%, respectively, in June, up three months in a row, both up 24.2% in the second quarter and up more than 51% in the first half.
U.S. gasoline and natural gas futures continued to move up. nymex August gasoline futures closed slightly higher at $2.2518/gallon. nymex August natural gas futures closed up 0.5% at $3.65 per million British thermal units, a new closing high since Dec. 21, 2018, and closed on Tuesday at a new high since the 27th of the same month of the same year, following back-to-back days of record highs since January 2019 New highs, cumulative gains of more than 23% in June
Lund copper ended four consecutive losses out of a week low, but fell more than 8% in June to the largest monthly decline in 15 months
London base metals futures on Wednesday, in addition to copper and zinc are back down, copper rebounded, ending a four-day losing streak, out of a one-week low, but failed to recover $ 9,400, closed below $ 9,400 for three consecutive days; zinc rose for two days, and hit a two-week high. Lun-Lead and Lun-Al ended a two-day and three-day streak respectively, temporarily bidding farewell to nearly three years and more than three years of highs. Tin ended a seven-day streak of gains, falling off a two-week high. Nickel hit a one-week low.
Most of the base metals in June continued to accumulate gains, aluminum rose for five months, lead, tin and nickel rose for three months, up less than in May, but copper and zinc ended a two-month streak, copper fell more than 8% fell the most, the largest monthly decline since March last year, the second month of the last 15 months cumulative decline, zinc fell nearly 3%.
Base metals in the second quarter are cumulative gains, Lun tin continued to rise more than 20%, Lun aluminum, Lun lead and Lun nickel are up more than 10%. Although copper in May had a record high, but the second quarter rose less than 7%, the last five quarters for the first time in the quarter did not exceed 10%.
Gold out of the two-and-a-half-month low June, the second quarter and the first half were down
New York gold futures rebounded slightly from Tuesday’s plunge, but June, the second quarter and the first half were cumulative declines. comex August gold futures closed up 0.5% at $1771.60 per ounce, off the main contract closing trough set on Tuesday since April 14.
The main gold futures contract fell more than 7% in June, ending a two-month streak of gains, and fell about 5% in the second quarter, down two quarters in a row, falling nearly 10% in the first quarter for the biggest single-quarter drop since the fourth quarter of 2016, and 6.6% in the first half.
New York silver futures erased most of Tuesday’s losses, COMEX September silver futures closed up 1.13%. Silver futures fell about 6% in June, as did gold to stop a two-month streak of gains, up more than 8% in the second quarter, also fell two quarters in a row, down 0.6% in the first half.
Platinum said goodbye to the two-day losing streak, NYMEX October platinum futures closed up more than 0.2% in June, down nearly 9.3%, down two months in a row, down about 10% in the second quarter, the coefficient back to the first quarter gains. Palladium rebounded strongly, NYMEX September palladium futures closed up 3.66%, refreshing this Monday’s record high since June 16, down nearly 1.8% in June, down two months in a row.
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