Equities advance as tech stocks rise on acquisition deals

September 14, 2020

By IFCMarkets.com

Top daily news

Global markets are rising currently after a bullish session last Friday. Technology shares are leading after weekend announcements Nvidia agreed to a $40 billion deal to buy Arm Holdings from Japan’s SoftBank, while Oracle will be TikTok’s “trusted tech partner” in the US after China’s ByteDance rejected Microsoft’s bid.

Forex news

Currency Pair Change
EUR USD +0.24%
GBP USD +0.42%
USD JPY -0.15%
The Dollar weakening continues 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, edged down 0.1% Friday despite the Bureau of Labor Statistics report showing US consumer price index for August rose 0.4% when a 0.3% growth was expected. GBP/USD added to its losses Friday while EUR/USD continued climbing as consumer prices fell in Germany 0.1% over month, in line with forecasts, while UK gross domestic product climbed 6.6% over month in July. Both pairs are higher currently. AUD/USD reversed its sliding while USD/JPY continued retreating Friday with both yen and Australian dollar higher against the greenback currently.

Stock Market news

Indices Change
Dow Jones Index +0.46%
Nikkei Index +0.65%
Australian Stock Index +0.68%
Futures on US equity benchmark are up currently ahead of central bank meetings in UK, Japan and the United States this week. The three main US stock indexes recorded losses ranging from 1.7% to 4.1% in Labor Day shortened week led by Nasdaq. European stock indexes are rising currently after a mixed trading Friday. Asian indexes are mostly higher today led by Australia’s All Ordinaries ASX 200 Index .

Commodity Market news

Commodities Change
Brent Crude Oil +0.23%
WTI Crude +0.06%
Brent is edging higher today as Gulf of Mexico drillers shut in production with tropical storm Sally gaining in strength in the Gulf of Mexico west of Florida, poised to become a category 2 hurricane. Oil prices ended mixed last session. The US oil benchmark West Texas Intermediate (WTI) futures are higher currently after October WTI edged up 0.08% Friday. November Brent crude lost 0.6% to $39.83 a barrel on Friday.

Gold Market News

Metals Change
Gold +0.24%
Gold prices are edging up today. December gold slid 0.8% to $1947.90 an ounce on Friday.

Market Analysis provided by IFCMarkets.com