Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.2000 |
Strike | 1.00 |
Expiry date | 2024-05-17 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 1.4k |
U.S. stock indexes extended last week's gains on Monday as investors saw a greater chance of the Federal Reserve cutting interest rates this year following softer-than-expected payrolls data on Friday. The benchmark S&P 500 and the tech-heavy Nasdaq were trading at three-week highs after data on Friday showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer.
A gauge of global stock markets rose on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a strong surge last week from Japan's suspected currency intervention. Philip Lane, Gediminas Simkus and Boris Vujcic said separately that the inflation and growth data cemented their belief that euro zone inflation, which was 2.4% in April, will slow to the central bank's 2% target by the middle of next year.
The Dow Jones Industrial Average was struggling to hold on to earlier gains in Monday morning trading. The Dow was up just 56 points, or 0.2%, paring its gains from earlier in the session. More than half of the index was trading higher, but Apple and Amgen were lagging behind with declines of 0.