Rebound continues after a bounce on Wall Street overnight

June 30, 2020

By IFCMarkets

Top daily news

Global markets are advancing today after US markets recovered most of Friday losses. US equities advanced Monday led by industrial shares with technology shares recovery to date outpacing that of peers in the environment of increasing usage of online communications under conditions of partially operating economies as coronavirus outbreak continues.

Forex news

Currency Pair Change
EUR USD -0.95%
GBP USD +0.28%
USD JPY +0.14%
The Dollar strengthening continues today . The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, added 0.02% Monday after the National Association of Realtors report pending home sales in May jumped 44.3% over month, though still down 5.1% against the same time last year. GBP/USD continued falling Monday while EUR/USD continued rising as euro-zone’s economic sentiment improved in June. Both pairs are lower currently. Both USD/JPY and AUD/USD reversed their sliding yesterday with both yen and Australian dollar lower against the greenback currently.

Stock Market news

Indices Change
Dow Jones Index +0.58%
GB 100 Index -0.86%
Nikkei Index -1.81%
Australian Stock Index +0.04%
Futures on three main US stock indexes are mixed currently ahead of speeches by Federal Reserve Bank of New York Williams and Governor Brainard later today. Stock indexes in US rebounded Monday: the three main US stock indexes posted gains ranging from 1.2% to 2.3%. European stock indexes are edging lower currently after a rebound on Monday led by bank shares. Asian indexes are recovering today led by Australia’s All Ordinaries ASX 200 Index as activities in both China’s manufacturing and services sectors continued expanding in June.

Commodity Market news

Commodities Change
Brent Crude Oil +1.02%
WTI Crude -1.26%
Brent is edging lower today. Oil prices ended higher on Monday against the background of signs of improving global oil demand as economies reopened as evidenced by rise in industrial profits in China for May. The US oil benchmark West Texas Intermediate (WTI) for August rose 3.1% Monday. August Brent crude climbed 1.7% to $41.71 a barrel on Monday.

Gold Market News

Metals Change
Gold -0.02%
Gold prices are retracing lower today. August gold gained 0.05% to $1781.20 an ounce on Monday.

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