Global Market Square
The U.S. & European stock markets closed with mixed results. In the U.S., all indices closed with losses, a change of pace from yesterday’s substantial gains. While during the session, the inflation fears subsided drive the U.S. 10-year note to a yield below 1.60% to close at 1.56%. Meanwhile, in Europe, major indexes closed with mixed results with some near record highs.
On the economic front, we report that U.S. home prices increased in March 13.2% when compared Year-over-Year and reaching the most significant price increase since 2005. Also, U.S. New Single-Family Houses Sold: fell to 863,000, down from 917,00o last month a reduction of -5.89%.and up from 582.00K one year ago.
Since inflation has become quite a hot topic for investors, we recommend that everyone pay close attention to the April U.S. Personal Consumer Expenditures price that publishes on May 28, the Federal Reserve Banks preferential inflation metric.
Eurozone Summary for May 25:
- Stoxx 600 closed at 445.20, up 0.13 points or 0.03%.
- FTSE 100 closed at 7,029.79, down 21.80 points or 0.31%
- Dax index closed at 15,465.04, up 27.58 points or 0.11%.
Wall Street summary for May 25:
- The Dow Jones Industrial Average closed at 34,312.46, down 81.52 points or 0.24%.
- The Standard & Poor’s 500 closed at 4,188.13, down 8.91 points, or 0.21%.
- The Nasdaq Composite Index closed at 13,657.17, down 3.99 points, or 0.03%.
- The Birling Capital Puerto Rico Stock Index closed at 2,653.47, down 8.19 points, or 0.31%.
- The U.S. Treasury 10-year note closed down at 1.56%.
- The U.S. Treasury 2-year note closed down at 0.15%