Equities advance intact ahead of first presidential debate - 29.9.2020

IFC Markets

Master Trader
Oct 31, 2012
London (Great Britain)
Top daily news

Global stocks rebound continues currently ahead of first US presidential debate today after a bullish run on Monday led by energy shares. Risk on sentiment was boosted by House Speaker Pelosi’s weekend comment that a deal on new aid can be achieved. Apple advanced 2.38%, outperforming market, while Facebook shares added 0.78%, underperforming.

Forex news
Currency PairChange
EUR USD+0.05%
GBP USD+0.2%
USD JPY+0.07%
The Dollar weakening is intact 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, lost 0.4% Monday as Cleveland Federal Reserve Bank President Loretta Mester warned that the US economy remained “fragile”. Both EUR/USD and GBP/USD reversed their sliding Monday with both pairs higher currently. Both AUD/USD and USD/JPY reversed their retreating yesterday with Australian dollar higher against the greenback currently while yen retracing lower.
Stock Market news
Dow Jones Index+0.7%
Nikkei Index+0.12%
Hang Seng Index-0.89%
Futures on three main US stock indexes are up currently ahead of Federal Open Market Committee members Clarida’s, Quarle’s and William’s speeches starting at 19:40 CET today. US main stock benchmarks ended solidly higher Monday recording gains ranging from 1.5% to 1.9%. European stock indexes are edging higher currently after a rally yesterday led by banking shares. Asian indexes are mixed today with Hong Kong’s Heng Seng Index leading the losses.
Commodity Market news
Brent Crude Oil-0.59%
WTI Crude-0.77%
Brent is edging down today. Oil prices ended higher on Monday after reports oil firms in Norway plan to close down 22% of the country’s oil-and-gas output, or 900,000 barrels of oil equivalent per day, if oil workers go on strike Wednesday. The US oil benchmark West Texas Intermediate (WTI) for October climbed 0.9% Monday but is down currently. November Brent crude rose 1.2% to $42.43 a barrel on Monday.
Gold Market News
Gold prices are extending gains today. December gold added 0.1% to $1882.30 an ounce on Monday.