Top daily news
Stock futures are mostly up currently after Wall Street ended higher on Friday despite strong US inflation data. Amazon shares slipped 0.22% amid news other states reportedly consider antitrust actions after Washington, D.C., sued Amazon Tuesday accusing Amazon of monopolistic behavior, Microsoft added 0.15% on Friday.
Both EUR/USD and GBP/USD resumed their sliding Friday despite the European Commission report euro-zone economic sentiment climbed more than expected in May to notch a three-year high. Both pairs are lower currently. USD/JPY ended little changed while AUD/USD continued sliding Friday with both Australian dollar and yen higher against the Greenback currently.
Stock Market news
|Dow Jones Index||+0.34%|
|Hang Seng Index||-0.02%|
|Australian Stock Index||-0.42%|
Futures on US equity benchmarks are higher currently after climbing on Friday as investors brushed off a stronger than expected inflation data for April. The three main US stock benchmarks recorded daily gains ranging from 0.1% to 0.2% Friday with SP500 and Dow posting their first weekly gain in the past three weeks.
European stock futures are up currently after ending higher on Friday led by financial shares. Markets in the United States and United Kingdom are closed for a holiday. Asian indexes are mixed today with Shanghai Composite leading gains despite data showing China's factory activity grew at slightly slower pace as raw materials costs surged.
Commodity Market news
|Brent Crude Oil||+0.65%|
Brent is rising currently on improving demand outlook. Prices advanced on Friday on expectations of a rebound in global demand. West Texas Intermediate (WTI) futures gained 0.8% and is higher currently. July Brent crude added 0.2% to $69.63 a barrel on Friday, settling at a two-year high.
Gold Market News
Gold prices are edging higher today. August gold added 0.4% settling at $1905.30 on Friday - the highest since January 7, up about 7.8% for the month, booking a weekly advance of 1.5%.