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FINANCE Friday 10th JUNE

INTERNATIONAL: The CSX Index is currently at 507.64 Points down 0.46 Points or 0.09%

The Daily Exchange Rate: is 4,062 KHR to the USD$

WALL ST DROPS AS INVESTOR JITTERS CLIMB BEFORE CPI DATA FRIDAY.

NEW YORK, June 9 - U.S. stocks sold off sharply Thursday as investor anxiety heightened ahead of data on Friday that is expected to show consumer prices remained elevated in May.

Selling picked up toward the end of the session. Mega-cap growth stocks led the drop, with Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) falling 3.6% and 4.2%, respectively, and putting the most pressure on the S&P 500 and the Nasdaq.

Communication services (.SPLRCL) and technology (.SPLRCT) had the biggest declines among sectors, although all 11 S&P 500 sectors ended lower on the day.

Adding to nervousness, the benchmark U.S. 10-year Treasury yield climbed to as much as 3.073%, its highest level since May 11.

The data is expected to show that consumer prices rose 0.7% in May, while the core consumer price index (CPI), which excludes the volatile food and energy sectors, rose 0.5% in the month.

The Dow Jones Industrial Average (.DJI) fell 638.11 points, or 1.94%, to 32,272.79; the S&P 500 (.SPX) lost 97.95 points, or 2.38%, to 4,017.82; and the Nasdaq Composite (.IXIC) dropped 332.05 points, or 2.75%, to 11,754.23.

All three of the major indexes registered their biggest daily percentage declines since mid-May. The S&P 500 is down 15.7% for the year so far and the Nasdaq is down about 25%.

DOLLAR TAKES BREATHER AHEAD OF U.S. INFLATION TEST.

The dollar edged off a two-week high on the euro on Friday, ahead of inflation data that should guide the Federal Reserve's policy tightening path, and after the European Central Bank said it would start its rate-hike campaign next month.

The euro edged up 0.23% in Asia trade having touched $1.0611 early in the session, its lowest since May 23. It lost 0.92% on the dollar overnight after a volatile ECB-driven session.

The dollar index, which measures the greenback against six peers, was 0.27% lower at 103.1 but still up 0.94% this week. That would mark its biggest percentage gain since the last week of April.

The risk sensitive Australian dollar edged up 0.35% to $0.7122 but was still down 1.2% this week, hurt by declines in equity markets, while sterling gained fractionally against the dollar to $1.2513.

Bitcoin was steady at $30,100.


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