By IFCMarkets.com
Top daily news
Equity markets are rising currently after another bullish week ended last Friday. Market sentiment got a boost from US authorization of the blood plasma use from recovered patients as a coronavirus treatment option.
Forex news
Currency Pair | Change |
EUR USD | -0.4% |
GBP USD | -0.9% |
USD JPY | +0.06% |
The Dollar strengthening has halted currently. 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, rose 0.5% Friday as Markit reported US purchasing managers manufacturing and services indexes for August were better than expected, with the service sector index rising to 54.8 for August, a 17 month high, and up from 50 in July. A reading of 50 or above indicates industry expansion. Both
GBP/USD and
EUR/USD reversed their climbing Friday as euro-zone flash composite PMI August reading, widely seen as a strong gauge of economic health, fell to 51.6 from July’s 54.9, with both pairs higher currently.
USD/JPY turned higher while
AUD/USD reversed its climbing on Friday with Australian dollar higher against the greenback currently while yen continuing to slide.
Stock Market news
Indices | Change |
Dow Jones Index | +0.95% |
GB 100 Index | +1.07% |
Nikkei Index | -1.1% |
Hang Seng Index | +1.67% |
US equity markets are rising currently with Congress still at stalemate on adopting another coronavirus financial aid plan. The three main US stock indexes recorded weekly gains ranging from 0.0% to 2.7% last week led mainly by large capitalization technology shares. European stock indexes are higher currently after a pullback Friday following a weaker than expected euro-zone flash purchasing managers’ index reports. Asian indexes are mostly higher today led by Hong Kong’s Hang Seng Index .
Commodity Market news
Commodities | Change |
WTI Crude | -0.26% |
Brent is retracing higher today after retreat Friday. Prices are rising as storms close in on the Gulf of Mexico, with local oil producers shutting 58% of their oil production. Oil prices ended lower last session. The US oil benchmark
West Texas Intermediate (WTI) futures are higher currently after
October WTI fell 1.1% Friday.
October Brent crude lost 1.2% to $44.35 a barrel on Friday.
Gold Market News
Gold prices are extending gains today. December gold added 0.1% to $1947 an ounce on Friday.
Market Analysis provided by IFCMarkets.com
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- USDJPY: On intervention watch Apr 24, 2024
- Euro gains against the dollar amid mixed economic signals Apr 24, 2024
- PMI data is the focus of investors’ attention today. Turkey, Iraq, Qatar, and UAE signed a transportation agreement Apr 23, 2024
- Australian dollar rises on strong economic indicators Apr 23, 2024
- Geopolitical risks in the Middle East are declining. China kept interest rates at lows Apr 22, 2024
- Brent crude dips to four-week low amid easing geopolitical tensions Apr 22, 2024