October 5, 2020
By IFCMarkets.com
Top daily news
Equities are advancing currently on reports President Trump may leave hospital today after markets ended a bullish week last Friday. Tesla shares fell 7.37% underperforming market despite report it delivered 139,300 vehicles in the third quarter, shares of Apple lost 3.22%, underperforming market too.
Forex news
Currency Pair |
Change |
EUR USD |
-0.19% |
GBP USD |
+0.12% |
USD JPY |
-0.09% |
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 0.1% Friday despite Bureau of Labor Statistics report US economy created 661,000 new jobs in September, when creation of 900,000 new jobs were expected.
EUR/USD reversed its climbing Friday while
GBP/USD moved higher as euro-zone consumer prices deflation accelerated in September. Euro is higher currently while Pound is lower against the dollar.
AUD/USD and
USD/JPY reversed their climbing Friday with the dynamics reversed for both currently.
Stock Market news
Indices |
Change |
Dow Jones Index |
+0.14% |
Nikkei Index |
+1.23% |
Australian Stock Index |
+2.58% |
Hang Seng Index |
+0.72% |
Futures on US equity benchmarks are up currently ahead of ISM Non-Manufacturing PMI report at 18:00 CET today. The three main US stock indexes recorded weekly gains ranging from 1.5% to 1.9% on Friday. European stock indexes are rebounding currently after a bearish session Friday led by chemical shares as data showed international tourist arrivals to Spain fell 76% over year in August. Asian indexes are rising today led by Australia’s All Ordinaries ASX 200 Index on strong retail sales report with mainland China’s markets closed for a weeklong holiday.
Commodity Market news
Commodities |
Change |
Brent Crude Oil |
+1.28% |
WTI Crude |
+2.12% |
Brent is edging higher today. Oil prices ended down last session. The US oil benchmark
West Texas Intermediate (WTI) futures are higher currently after
November WTI dropped 4.3% Friday.
December Brent crude lost 4.1% to $39.27 a barrel on Friday.
Gold Market News
Metals |
Change |
Gold |
-0.68% |
Gold prices are extending losses today. December gold fell 0.5% to $1907.60 an ounce on Friday.
Market Analysis provided by IFCMarkets.com