Futures decline, dollar slows down, UST gains on US data

May 26 (Reuters) – The dollar cut losses as U.S. Treasury yields rose and Wall Street index futures fell further on Friday after data showed higher U.S. consumption.

US personal spending rose 0.8% m/m in April, while income rose 0.4%, the Commerce Department said on Friday.

US durable goods orders rose 1.1% in April from the previous month, the Commerce Department said on Friday.

The dollar index against a basket of major currencies slowed down at 3:46 p.m. Moscow time, retreating 0.12% to 104.2, down from a decline of around 0.3% before the statistics were released.

The euro has softened its momentum and is only up 0.16% to $1.07 against the dollar, compared to a gain of 0.3% before the data was released.

The Japanese yen depreciated against the dollar and fell 0.09% to 140.2.

The Turkish lira hit a new record low again, falling to 20.5 to the dollar.

The spot price of gold also slowed: the price of the precious metal rose 0.27% to $1,945.49 a troy ounce, adding 0.6% to the statistics.

Futures on all three major US stock indices stabilized after the data release: Dow futures up 0.06% at 3:46 PM Moscow time, S&P 500 up 0.05% and Nasdaq 100 up 0.19%.

The pan-European STOXX 600 index gained 0.45%.

The yield of 10-year US Treasuries rose to 3.8372% and the inversion of the 2-year to 10-year yield curve deepened.

The yield on 10-year government bonds in Germany reached the level of 2.533%.

The yield of 10-year Italian bonds increased by 4.419%.

Brent crude oil futures rose 0.56% to $76.69 a barrel and WTI rose 0.77% to $72.38 a barrel. (Reuter office in Gdansk)


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