Global stocks advance resumes

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