Fundamental Analysis from IFC Markets

IFC Markets

Master Trader
Oct 31, 2012
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Top daily news​



There is no a dominant trend in global equities markets currently after SP 500 finished up Wednesday while Powell said the tapering of bond buying program was “still a ways off” and US monetary policy will offer "powerful support" to the economy "until the recovery is complete". Facebook shares fell 1.27% Wednesday while Zuckerberg announced the company plans to pay out $1 billion through 2022 to users who create content for its Facebook and Instagram social networks, Apple shares bounced 2.41% outperforming market amid reports Apple plans 'buy now, pay later' service.



Forex news​



Currency PairChange
EUR USD-0.09%
GBP USD+0.27%
USD JPY-0.16%
AUD USD-0.19%




The Dollar weakening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 350 thousand Americans sought unemployment benefits over the last week, down from 370 thousand the previous week. 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% Wednesday.

Both EUR/USD and GBP/USD reversed their sliding on Wednesday despite Eurostat report euro zone industrial production unexpectedly fell by more than expected in May. Pound is higher against the Dollar currently while euro is lower. AUD/USD reversed its sliding on Wednesday while USD/JPY reversed its climbing with Australian dollar lower against the Greenback currently but yen higher.



Stock Market news​



IndicesChange
Dow Jones Index-0.27%
Nikkei Index-2.9%
Hang Seng Index+0.94%
Australian Stock Index-0.16%




The US stock index futures are down currently with the 10-year US Treasuries yields down at 1.339%. The three main US stock indexes booked returns ranging from -0.2% to +0.1% Wednesday with the Fed Beige Book reporting job gains strong, prices rising as US recovery continues.

European stock indexes are retreating currently after ending lower Wednesday with travel and leisure shares leading losses. Asian stock indexes are mixed today with Nikkei leading losses as shares were pressured by concern over a surge in COVID-19 cases a week before the Tokyo Olympics get underway.





Commodity Market news​



CommoditiesChange
Brent Crude Oil-1.23%
WTI Crude-1.56%






Brent is edging lower currently after Organization of the Petroleum Exporting Countries and its allies, an alliance known as OPEC+, arrived at a compromise over increasing supply. The agreement should now allow Opec+ members to extend a deal to curb output until the end of 2022. Prices ended lower despite the Energy Information Administration report US crude stockpile declined more than expected last week, the eighth consecutive draw. The US oil benchmark West Texas Intermediate (WTI) futures fell 2.8% and is lower currently. September Brent crude lost 2.3% to $74.76 a barrel on Wednesday.





Gold Market News​



MetalsChange
Gold+0.22%


Gold prices are edging higher today. August gold gained 0.8% to $1825 an ounce on Wednesday, the highest settlement in nearly a month.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
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84
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Top daily news​



Equity markets are retreating currently after SP500, Dow and Nasdaq ended the week lower on Friday while 10-year Treasury yields slipped to 1.282% as investors bid up safe haven assets. Apple shares lost 1.41% as the tech giant removed Fakespot, a well-known app for detecting fake product reviews, from its App Store after Amazon complained the app provided misleading information and potential security risks. Amazon shares fell 1.59% underperforming market.



Forex news​



Currency PairChange
EUR USD-0.22%
GBP USD-0.35%
USD JPY-0.19%
AUD USD-0.79%




The Dollar strengthening 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, gained 0.2% on Friday after Census Bureau report retail sales unexpectedly rose 0.6% last month.

Both GBP/USD and EUR/USD continued sliding Friday after Eurostat report euro-zone trade surplus declined less than expected in May. USD/JPY continued its climbing Friday as AUD/USD kept retreating with Australian dollar lower against the Greenback currently while yen higher.



Stock Market news​



IndicesChange
Dow Jones Index-0.52%
Nikkei Index-1.25%
Hang Seng Index-2.15%
Australian Stock Index-0.02%


Futures on US equity benchmarks are down currently as the three main US stock benchmarks recorded daily losses ranging from 0.75% to 0.86% Friday. The earnings season continues with Netflix, Intel, Coca Cola and Philip Morris among companies expected to report quarterly earnings this week. US stocks ended last week lower despite positive second quarter corporate reports.

European stock indexes are retreating currently after ending lower on Friday with mining stocks leading losses. Asian indexes are mixed today with Nikkei index leading losses.



Commodity Market news​



CommoditiesChange
Brent Crude Oil-0.84%
WTI Crude-1.06%


Brent is edging lower currently as OPEC+ ministers agreed on Sunday to increase oil supply from August. OPEC+ agreed on new production quotas for several members from May 2022, including the United Arab Emirates, Saudi Arabia, Russia, Kuwait and Iraq. Prices ended higher on Friday but ended the week lower. West Texas Intermediate (WTI) futures rose 0.2% but is lower currently. September Brent crude added 0.2% to $73.59 a barrel on Friday.



Gold Market News​



MetalsChange
Gold-0.28%


Gold prices are edging lower today. August gold lost 0.8% settling at $1815 on Friday, posting the fourth weekly gain in a row.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
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84
London (Great Britain)
www.ifcmarkets.com

Top daily news​





Stock index futures are mostly lower currently after Wall Street ended sharply lower Monday. Microsoft shares slipped 0.1% while Biden administration and Western allies formally blamed China for a massive hack of Microsoft Exchange email server software, Twitter shares slid 0.59% on Monday amid reports the social networking service suspended Congresswoman Marjorie Greene, R-Ga after a pair of posts about Covid-19 that the company said violated its misinformation policy.



Forex news​



Currency PairChange
EUR USD-0.18%
GBP USD-0.22%
USD JPY+0.19%
AUD USD-0.69%




The Dollar strengthening 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, added 0.2% on Monday while the National Association of Home Builders (NAHB) reported builder confidence edged lower in July.

Both GBP/USD and EUR/USD continued their sliding Monday. Both are lower currently. USD/JPY reversed its advancing Monday while AUD/USD continued retreating with both yen and Australian dollar lower against the Greenback currently.



Stock Market news​



IndicesChange
Dow Jones Index-0.54%
Nikkei Index-0.71%
Hang Seng Index-2.1%
Australian Stock Index-0.99%


Futures on three main US stock indexes are down currently ahead of the Census Bureau building permits and housing starts data at 14:30 CET today while US 10-year Treasury yields inched up to 1.186% currently. All three major Wall Street stock benchmarks ended solidly lower yesterday despite better than expected second-quarter earnings reports with 90% of those of SP500 companies that have reported so far having beaten consensus estimates. The three main stock benchmarks recorded losses in the range of 1.1% to 2.1% Monday.

European stock indexes are mixed currently after ending sharply lower Monday with banks, energy and travel shares leading losses. Asian indexes are mostly lower today with Hong Kong’s Heng Seng Index leading losses as China’s central bank kept a benchmark lending rate unchanged despite growing expectations for a cut.





Commodity Market news​



CommoditiesChange
Brent Crude Oil+0.58%
WTI Crude+0.79%


Brent is rebounding currently ahead of data from the American Petroleum Institute later today. Prices closed sharply lower Monday as OPEC+ nations reached a deal on Sunday to increase oil supply from August. US West Texas Intermediate WTI plunged 7.2% but is higher currently. Brent dropped 6.8% to $68.62 a barrel on Monday.



Gold Market News​



MetalsChange
Gold+0.57%




Gold prices are edging higher currently . August gold lost 0.3% to $1809.20 an ounce on Monday, second straight daily loss.
 

IFC Markets

Master Trader
Oct 31, 2012
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84
London (Great Britain)
www.ifcmarkets.com

Top daily news​



Today, the US dollar index is rising for the 5th day in a row. Investors hope that in August the Fed will announce a cutback in the asset repurchase program. On Tuesday, US stock indexes corrected upward thanks to good quarterly reporting. Brent has plunged nearly 12% from its recent high due to the OPEC + decision and the risks of a new wave of Delta coronavirus. The same risks are supported by the quotes of precious metals.

Forex news​



Currency PairChange
EUR USD-0.16%
GBP USD-0.19%
USD JPY+0.1%
USD CHF+0.04%




Today, the US dollar index is rising for the 5th day in a row. It nearly hit a 4-month high yesterday. Investors hope the Fed will cut back on its $ 120 billion a month asset repurchase program. This could be announced in August at the annual Jackson Hole symposium. Important changes are not expected at the next Fed meeting on July 28. Note that the strengthening of the American currency is taking place against the background of a noticeable demand for government bonds. They went up and the yield on the 10-year U.S. Treasury yesterday fell below 1.2% per annum, for the first time since January this year. The Australian dollar has tumbled to its lowest since November last year following the publication of the RBA Meeting Minutes. Investors fear that the Reserve Bank of Australia will change its mind about cutting the economic stimulus program. Its next meeting will be on August 3. The yen is trying to strengthen amid good data on Japanese foreign trade. In June, exports increased for the 4th consecutive month.



Stock Market news​



IndicesChange
Dow Jones Index+1.62%
S&P 500+1.52%
Nasdaq 100+1.57%
US Dollar Index+0.18%


On Tuesday, American stock indices rose after a strong fall the day before. The recent market correction was mainly driven by the risks of a new wave of the coronavirus epidemic if vaccines fail to cope with the new Delta strain. Meanwhile, fundamental corporate data looks optimistic. Now for the 2nd quarter, reported about 60 companies from the S&P 500 list. Financial performance of 90% of them turned out to be better than expected. Refinitiv has raised its forecast for the growth of the combined profit of all companies from the S&P 500 list to + 73% in April-June 2021 compared to the same period last year. Before the start of the reporting season, only + 54% growth in total profit was expected. Johnson & Johnson, Verizon, Coca-Cola, Texas Instruments and other American companies will report today. No significant macroeconomic data is expected in the US today. Yesterday there were indicators on US housing construction for June, which turned out to be neutral.



Commodity Market news​



CommoditiesChange
WTI Crude-0.12%
Brent Crude Oil-0.07%
COPPER-0.51%




World oil prices are now slightly correcting upward after a strong fall. Brent has plunged nearly 12% from its recent high. Investors fear that in the event of a new wave of coronavirus caused by the Delta strain, global oil demand will decrease. The independent American Petroleum Institute announced an increase in US oil reserves for the week by 0.8 million barrels. This happened for the first time after 8 weeks of continuous inventory decline. An additional negative for oil quotes was the OPEC + decision to increase production by 400 thousand barrels per day (bpd) monthly until it reaches a precocious level. The decision will take effect in August. In total, OPEC + should increase production by 5.8 million bpd. Thus, a full recovery will occur early next fall. Earlier it was assumed a slower rate of increase in oil production by OPEC + countries.



Gold Market News​



MetalsChange
Gold-0.04%
Silver/US Dollar+0.59%


For the third day, gold quotes have been in a narrow range around $ 1800 per ounce, despite a noticeable strengthening of the US dollar. Precious metals prices support the risks of a new coronavirus epidemic due to the Delta strain, as well as low yields on US government bonds. Last week, the number of people infected with Covid-19 in the United States increased by 64% compared to the previous week. At the same time, on Monday, the average number of new patients in 7 days reached a 2-month maximum.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
9
84
London (Great Britain)
www.ifcmarkets.com

Top daily news​





Stock markets are rising currently ahead of European Central Bank meeting after Wall Street climbed for a second consecutive day on Wednesday. Twitter shares rose 2.36% amid news the social networking company has begun testing a dislike button on the app though it is not like the dislike button on YouTube. Apple shares slid 0.51% underperforming market amid reports Apple will delay the return of its employees to office by at least a month to October at the earliest.





Forex news​





Currency PairChange
EUR USD+0.02%
GBP USD+0.25%
USD JPY-0.06%
AUD USD+0.64%


The Dollar weakening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 350 thousand Americans sought unemployment benefits over the last week, down from 360 thousand the previous week. 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% Wednesday.

Both EUR/USD and GBP/USD reversed their sliding on Wednesday with both pairs higher currently. AUD/USD reversed its sliding on Wednesday while USD/JPY continued its climbing with both Australian dollar and yen higher against the Greenback currently.





Stock Market news​



IndicesChange
Dow Jones Index+0.04%
Hang Seng Index+1.73%
Australian Stock Index+0.15%




The US stock index futures are up currently with the 10-year US Treasuries yields up at 1.288%. The three main US stock indexes booked back to back gains Wednesday ranging from 0.8% to 0.9%.

European stock indexes are mixed currently after ending higher Wednesday with travel and leisure shares leading gains. European Central Bank is meeting today with the press conference scheduled for 14:30 CET where investors await to hear more clarification on adjustments to the bank’s rates guidance that should reflect a new and more flexible inflation-targeting strategy. Asian stock indexes are rising today in thin trading with Japanese markets closed for a holiday and Hong Kong’s Hang Seng Index Nikkei leading gains.



Commodity Market news​



CommoditiesChange
Brent Crude Oil-0.21%
WTI Crude-0.06%




Brent is edging lower currently. Prices ended higher Wednesday despite the Energy Information Administration report US crude stockpile rose unexpectedly by 2.1 million barrels last week when a draw was expected. The US oil benchmark West Texas Intermediate (WTI) futures jumped 4.6% but is lower currently. September Brent crude rose 4.2% to $72.23 a barrel on Wednesday.



Gold Market News​



MetalsChange
Gold-0.15%




Gold prices are extending losses today. August gold lost 0.4% to $1803.40 an ounce on Wednesday, a nearly two-week low.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
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84
London (Great Britain)
www.ifcmarkets.com

Top daily news​



Equity markets are mixed currently after SP500, Dow and Nasdaq ended the week at fresh records on Friday while 10-year Treasury yields slipped to 1.261%. Amazon shares added 0.51% underperforming market followed by reports Amazon plans to accept bitcoin payments this year which spurred a 15% jump in the largest cryptocurrency, Facebook shares jumped 5.3% amid news Zuckerberg wants Facebook to become online 'metaverse' where people can game, work and communicate in a virtual environment, often using VR headsets.

Forex news​



Currency PairChange
EUR USD+0.19%
GBP USD+0.06%
USD JPY-0.33%
AUD USD-0.97%


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, gained 0.1% on Friday after Markit report US manufacturing activity expansion accelerated in July.

GBP/USD reversed its climbing Friday while EUR/USD ended flat despite Eurostat report euro-zone business activity growing at its fastest pace in more than two decades. USD/JPY reversed its retreating Friday while AUD/USD reversed its climbing with Australian dollar lower against the Greenback currently while yen higher.



Stock Market news​



IndicesChange
Dow Jones Index-0.47%
Nikkei Index+1.02%
Hang Seng Index-3.4%
Australian Stock Index%


Futures on US equity benchmarks are down currently as the three main US stock benchmarks recorded daily gains ranging from 0.7% to 1.04% Friday. With just over 20% of the SP 500 constituents having reported quarterly results, 88% of firms have beaten markets expectations so far. The earnings season continues with Facebook, Tesla, Apple, Alphabet, Microsoft and Amazon among companies expected to report quarterly earnings this week.

European stock indexes are retreating currently after ending higher on Friday with auto stocks leading gains. Asian indexes are mixed today with Hong Kong’s Hang Seng Index leading losses on concerns over tightening Chinese regulations.



Commodity Market news​



CommoditiesChange
Brent Crude Oil-1.48%
WTI Crude-1.36%


Brent is edging lower currently on coronavirus spread and China floods concerns. Prices rose on Friday despite energy services firm Baker Hughes report US active oil rigs count rose seven to 387 last week, their highest since April 2020. West Texas Intermediate (WTI) futures rose 0.2% but is lower currently. September Brent crude added 0.4% to $74.10 a barrel on Friday.



Gold Market News​



MetalsChange
Gold+0.5%
Gold prices are edging lower today. Spot gold lost 0.3% settling at $1806.71 on Friday.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
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84
London (Great Britain)
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Top daily news​



Stock index futures are mostly lower currently ahead of Fed’ two-day policy meeting starting today after Wall Street eked gains Monday. Amazon shares added 1.18% while the company denied that its job posting for a digital currency executive meant that it will accept the token for payments this year – causing bitcoin decline below $37,000 after briefly surpassing $40,000 , Tesla rose 2.2% as its quarterly profit soared to record $1.1 Billion.



Forex news​



Currency PairChange
EUR USD-0.19%
GBP USD-0.29%
USD JPY-0.33%
AUD USD-0.98%


The Dollar strengthening has resumed 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 0.2% on Monday as new homes sales fell to lowest level since pandemic due to high costs and low supply.

Both GBP/USD and EUR/USD reversed their sliding Monday despite Ifo Institute’s monthly survey showing German business sentiment fell unexpectedly in July, Both are lower currently. USD/JPY reversed its advancing Monday while AUD/USD reversed its retreating with Australian dollar lower against the Greenback currently and yen higher.





Stock Market news​



IndicesChange
Dow Jones Index-0.5%
Nikkei Index+0.77%
Hang Seng Index-4.8%
Australian Stock Index+0.43%


Futures on three main US stock indexes are down currently ahead of the Conference Board consumer confidence data at 16:00 CET today while US 10-year Treasury yields inched up to 1.281% currently. All three major Wall Street stock benchmarks ended marginally higher at record closing highs for a second straight session yesterday: the three main stock benchmarks recorded gains in the range of 0.03% to 0.24% Monday. Alphabet, Apple and Microsoft are due to publish quarterly results later today.

European stock indexes are mixed currently after ending marginally lower Monday with healthcare shares leading losses. Asian indexes are mostly lower today with Hong Kong’s Heng Seng Index leading losses as investor confidence is undermined by concerns over Chinese regulatory crackdowns.



Commodity Market news​



CommoditiesChange
Brent Crude Oil+0.74%
WTI Crude+0.96%




Brent is rebounding currently ahead of data from the American Petroleum Institute later today. Prices closed mixed Monday as coronavirus cases kept rising over the weekend, with reports from India also pointing to only muted oil demand. US West Texas Intermediate WTI slid 0.2% but is higher currently. Brent added 0.5% to $74.50 a barrel on Monday.





Gold Market News​



MetalsChange
Gold-0.1%


Gold prices are edging lower currently . August gold slipped 0.1% to $1799.20 an ounce on Monday, the lowest finish in nearly three weeks.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
9
84
London (Great Britain)
www.ifcmarkets.com

Top daily news​



Investors doubt the U.S. The Federal Reserve will announce plans to tighten its monetary policy at its meeting today. This contributes to the decline in the dollar index and supports the quotes of precious metals. The massive drop in Chinese stock indices caused a correction in US stocks. At the same time, there was no particular negative in the United States yesterday. Investors expect the continuation of the publication of quarterly reports.



Forex news​



Currency PairChange
EUR USD-0.04%
GBP USD-0.05%
USD JPY+0.17%
AUD USD-019%


On Tuesday, the US dollar index fell for the second day in a row. Investors doubt the U.S. The Federal Reserve will announce plans to tighten its monetary policy at its meeting today. A rate increase of 0.25% is not expected, as well as a decrease in the volume of monthly redemption of government and mortgage bonds. Now it is $ 120 billion per month. U.S. yield 10-Year Bond is now near a 6-month low at 1.24% per annum. The British pound continued to rise thanks to the authorities' statements to lift restrictions on tourists from the United States and the European Union, who were fully vaccinated against the coronavirus. Recall that on July 19 in Britain, restrictions on local residents were lifted. This did not have a negative impact on the epidemiological situation. The euro fell slightly this morning on the back of a decline in the GfK Consumer Confidence indicator in Germany (-0.3). In Canada, today there are important data on inflation for June. Their outlook is positive, contributing to a slight current gain in the Canadian dollar.



Stock Market news​



IndicesChange
Dow Jones Index-0.24%
S&P 500-0.47%
Nasdaq 100-1.21%
US Dollar Index+0.13%




On Tuesday, US stocks dropped. In the United States, there was no particular negative for this. Investors reacted to the massive fall in China. The Hang Seng Index plunged 4.4%. From its February high, it has already dropped by 20%. The yuan weakened against the US dollar to a 3-month high (USDCNH). The main reason for all this was the tightening of Chinese legislation in relation to private companies from the educational sector, real estate, as well as high technologies in the field of cryptocurrencies, online finance and online commerce. US macroeconomic data were neutral yesterday. Durable Goods Orders increased less-than-expected in June. This was offset by a rise in the CB Consumer Confidence in July to a 17-month high. There will be no significant macroeconomic data in the US today. Investors are awaiting the outcome of the Fed meeting. Let us remind you that the next meeting will take place only on September 22. Today in the US reports for the 2nd quarter of Facebook, PayPal Holdings, Pfizer, McDonald’s, Qualcomm, Boeing and other companies will be released.



Commodity Market news​



CommoditiesChange
WTI Crude+0.4%
Brent Crude Oil+0.35%
COPPER-0.39%
World oil prices remained almost unchanged yesterday. The independent American Petroleum Institute announced a decline in US oil reserves for the week by 4.73 million barrels. This positive factor for oil quotes was offset by a negative one in the form of an increase in the number of people in the world infected with the new strain of the Delta coronavirus. The International Monetary Fund predicts an increase in economic inequality between countries due to unequal access to Covid-19 vaccines. Today, as usual, there will be official data on US oil reserves from the U.S. Energy Information Administration. They can affect quotes. The cost of coffee today again approached the maximum since October 2014 due to the persisting cold weather in Brazil. Since the beginning of 2021, coffee has risen in price by almost 2 times. Agency Conab reported that it affected from 150 thousand hectares to 200 thousand hectares of coffee plantations, or about 11% of their total area in Brazil.



Gold Market News​



MetalsChange
Gold+0.1%
Silver/US Dollar+0.5%


Gold quotes are rising in price today for the second day in a row, amid the weakening of the US dollar. Since the beginning of July, they have been in a narrow range around $ 1,800 per ounce. Silver hit its 4-month low yesterday. It is now trading below the psychological level of $ 25 an ounce. The dynamics of industrial metals and other goods, including oil, may be affected by US GDP data for the 2nd quarter, which will be released tomorrow.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
9
84
London (Great Britain)
www.ifcmarkets.com

Top daily news​





Stock markets are rising currently after mixed Wall Street session Wednesday as Fed chair Powell said US economy was “some ways away” from substantial progress on jobs deemed necessary for start of tapering of asset purchase. Facebook shares rose 1.49% outperforming market while the company announced it will require US workers returning to its offices to be vaccinated - as did Google, Tesla shares added 0.34% amid news it hiked electric car prices in US.

Forex news​

Currency PairChange
EUR USD+0.44%
GBP USD+0.29%
USD JPY-0.12%
AUD USD+0.32%




The Dollar weakening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 382 thousand Americans sought unemployment benefits over the last week, down from 419 thousand the previous week. 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 0.2% Wednesday.

Both EUR/USD and GBP/USD continued their climbing on Wednesday while GfK reported no change in German consumer sentiment for July. Both pairs are higher currently. Both AUD/USD and USD/JPY reversed their sliding on Wednesday with both the Australian dollar and yen higher against the Greenback currently.



Stock Market news​



IndicesChange
Dow Jones Index+0.46%
Nikkei Index+2.9%
Hang Seng Index+0.34%




The US stock index futures are up currently ahead of US GDP advance report due at 14:30 CET today with the 10-year US Treasuries yields down at 1.234%. The three main US stock indexes booked returns Wednesday ranging from -0.36% to +0.7%.

European stock indexes are up currently after ending higher Wednesday with technology shares leading gains. Asian stock indexes are rising today with Hong Kong’s Hang Seng Index leading gains amid reports Chinese regulators had called banks overnight to ease market fears about tighter rules on the education sector.



Commodity Market news​



CommoditiesChange
WTI Crude+0.7%
Brent Crude Oil+0.9%




Brent is extending gains currently. Prices ended higher Wednesday supported by the Energy Information Administration report US crude stockpile fell by 4.1 million barrels last week due to lower imports and a decline in weekly production. The US oil benchmark West Texas Intermediate (WTI) futures rose 1% and is higher currently. September Brent crude added 0.4% to $74.74 a barrel on Wednesday.



Gold Market News​



MetalsChange
Silver+0.65%


Gold prices are rebounding today. August gold lost 0.01% to $1799.70 an ounce on Wednesday.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
9
84
London (Great Britain)
www.ifcmarkets.com

Top daily news​



Global stock markets are down currently after Wall Street advanced on Thursday as US GDP grew at 6.5% annualized rate returning to its pre-pandemic level in the second quarter. Amazon shares fell 0.84% underperforming the market while the company reported lower-than-expected revenue and sales growth in the coming quarters. Microsoft shares added 0.1% amid news Microsoft and British multinational telecommunications holding company BT have formed a strategic partnership that involves transitioning of BT’s global managed voice services to the cloud.

Forex news​



Currency PairChange
EUR USD-0.05%
GBP USD-0.03%
USD JPY+0.03%
AUD USD-0.5%




The Dollar strengthening has resumed 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 0.3% as the US Labor Department reported 400 thousand Americans sought unemployment benefits over the last week, down from 424 thousand the previous week.

Both GBP/USD and EUR/USD accelerated their advancing Thursday as the European Commission reported euro-zone economic sentiment notched a record high in July. Both pairs are lower currently. AUD/USD continued climbing while USD/JPY reversed its rising yesterday with both Australian dollar and yen lower against the Greenback currently.



Stock Market news​



IndicesChange
Dow Jones Index-0.24%
Nikkei Index-1.78%
Hang Seng Index-0.22%
Australian Stock Index-0.53%




Futures on three main US stock indexes are down currently after second-quarter earnings reports continued to beat expectations Thursday with US Treasury yields retreating after rising Thursday on U.S. economic growth data. The three main US stock benchmarks recorded daily gains in the range of 0.1% to 0.4% Thursday.

European stock indexes are lower currently after closing higher Thursday with basic resources and autos shares leading gains. Asian indexes are down today with Nikkei leading losses.



Commodity Market news​





CommoditiesChange
Brent Crude Oil-0.17%
WTI Crude-0.27%


Brent is edging lower today . Oil prices ended higher yesterday after the Energy Information Administration report previous day US crude oil inventories fell by 4.1 million barrels last week. The US oil benchmark West Texas Intermediate (WTI) futures rose 1.7% but is lower currently. September Brent crude gained 1.75% to $76.05 a barrel on Thursday.



Gold Market News​



MetalsChange
Gold-0.09%




Gold prices are edging lower today . December gold jumped 1.7% to $1,835.80 an ounce on Thursday, highest close in over six weeks.
 

IFC Markets

Master Trader
Oct 31, 2012
1,735
9
84
London (Great Britain)
www.ifcmarkets.com

Top daily news​



Stock index futures are pointing in different directions currently after Wall Street reversed course on Monday ending marginally lower. Tesla jumped 3.27% outperforming the market as Goldman Sachs included the EV maker in a group of companies it recommends, Amazon shares added 0.12% despite news the National Labor Relations Board official is recommending that the results of the union election at an Amazon warehouse in Alabama held earlier this year be scrapped and that a new election be held due to illegal misconduct on the part of the e-commerce giant.

Forex news​



Currency PairChange
EUR USD+0.34%
GBP USD+0.2%
USD JPY-0.19%




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 0.1% on Monday as the Institute for Supply Management reported that while US manufacturing continued to grow in July the pace slowed for the second straight month.

GBP/USD continued its sliding Monday while EUR/USD reversed its retreating as Markit’s final manufacturing PMI reading for July showed euro-zone factory activity continues to accelerate. Both euro and Pound are up against the Dollar currently. USD/JPY reversed its advancing Monday while AUD/USD reversed its retreating with both the Australian dollar and yen higher against the Greenback currently.





Stock Market news​



IndicesChange
Dow Jones Index+0.07%
Nikkei Index-0.21%
Hang Seng Index-0.28%
Australian Stock Index-0.06%




Futures on three main US stock indexes are up currently ahead of US factory order data at 16:00 CET today while US 10-year Treasury yields inched up to 1.179% currently. The three major Wall Street stock benchmarks ended mixed as Senate overwhelmingly approved the first two amendments to the $1 trillion infrastructure bill late Monday while Congress failed to pass a last-minute extension of the federal eviction moratorium beyond Saturday's expiration date: the three main stock benchmarks recorded returns in the range of -0.28% to +0.06% Monday.

European stock indexes are mixed currently after ending marginally higher Monday with retail shares leading gains. Asian indexes are mostly lower today with Shanghai Composite leading losses as the spread of the Delta variant from mainland China’s coast to its inland cities prompted authorities to implement strict counter epidemic measures while the Reserve Bank of Australia left rates unchanged at 0.10%.





Commodity Market news​



CommoditiesChange
Brent Crude Oil-0.5%
WTI Crude-0.56%




Brent is extending losses currently ahead of data from the American Petroleum Institute later today. Prices closed lower Monday after weak economic data from China. US West Texas Intermediate WTI dropped 3.6% and is lower currently. Brent fell 3.3% to $72.89 a barrel on Monday.



Gold Market News​



MetalsChange
Gold-0.18%


Gold prices are edging lower currently . December gold added 0.3% to $1822.20 an ounce on Monday.
 

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The withdrawal of American troops from Afghanistan had a positive impact on the dollar. This is expected to reduce US budget spending. The decline in retail sales could be due to high inflation in July (+ 5.4%). This could become an additional factor in favor of tightening the Fed's monetary policy and supported the strengthening of the US dollar, while the stock indexes fell.

Forex news

Currency PairChange
EUR USD+0.17%
GBP USD+0.09%
USD JPY-0.02%
NZD USD+0.04%



On Tuesday, the US dollar index rose for the 2nd day in a row. Investors reacted positively to the withdrawal of American troops from Afghanistan. This is expected to reduce budgetary spending. In addition, the US dollar index was supported by negative news on other currencies. Reserve Bank of New Zealand at its meeting today kept the rate at 0.25%, although it was expected to rise to 0.5%. In the capital of New Zealand - the city of Auckland, a 7-day quarantine was introduced due to new cases of coronavirus. Reserve Bank of Australia published Meeting Minutes of its July meeting, in which there was no information about the imminent tightening of monetary policy. The Australian dollar plummeted to a 9-month low, while the New Zealand dollar plummeted to a 3-week low. FOMC Minutes (materials of the July Fed meeting) will be released in the US today, which may affect the rate of the American currency. They are of increased importance ahead of the Fed's annual Jackson Hole symposium on August 28th. US construction data will also be released today. In Canada, the Eurozone and South Africa, there are inflation data for July. Inflation has already been released in Britain and it fell to 2% yoy in July compared to 2.5% in June. This contributed to the strengthening of the British pound.

Stock Market news

IndicesChange
Dow Jones Index-0.79%
S&P 500-0.71%
Nasdaq 100-0.93%
US Dollar Index-0.13%



On Tuesday, US stocks dropped for the first time after sluggish gains for 8 straight trading sessions. This was facilitated by weak economic statistics. US retail sales (-1.1% m/m (in monthly terms)) in July were worse than expected (-0.3%). Shares of retailers Home Depot (-4.3%), Target (-2.9%), Lowe's (-5.8%), Amazon (-1.7%) and other retail chains fell. This negative was partially offset by the growth of industrial production by + 0.9% against the forecast of + 0.5%. Some investors decided that the decline in retail sales was due to high inflation in July (+ 5.4%). This may become an additional factor in favor of tightening the Fed's monetary policy and contributed to the strengthening of the US dollar, while the stock indexes fell. Eric Rosengren - the head of the Boston Federal Reserve Bank, said that the Fed could reduce the monthly volume of buybacks ($ 120 billion) of bonds in September, if the data on the US labor market for August turns out to be positive. Recall that they will be released on September 3, and the Fed meeting will be held on September 22. Today in the US will be published materials of the July meeting of the Fed (FOMC Minutes). They can affect the dynamics of the markets if they contain hints of future actions and plans of the American regulator regarding the tightening of monetary policy.



Commodity Market news

CommoditiesChange
WTI Crude+0.66%
Brent Crude Oil+0.77%



World oil prices are rising today after a 4-day decline. The independent American Petroleum Institute announced a decline in US oil reserves for the week by 1.16 million barrels. Recall that OPEC + decided to increase production monthly by 400 thousand barrels per day (bpd) until September next year. The dwindling US stocks could be a sign that the recovery in global oil demand is faster. An additional negative for the quotes may be the U.S. forecast. Energy Information Administration (EIA) on the increase in shale oil production in the United States in September to 8.1 million bpd. This is the highest level since April 2020, before the coronavirus pandemic. The decline in US retail sales did not have a negative impact on cocoa quotes. The largest cocoa processing group, Gepex, reported a 7.3% increase in production in July. This is due to the high global demand for chocolate.





Gold Market News

MetalsChange
Gold+0.41%
Silver/US Dollar+0.69%



Gold quotes continue to grow today and are again approaching the psychological level of $ 1800 per ounce, but now from below. This is happening despite the strengthening of the US dollar. Such dynamics are not often observed. Now the demand for precious metals may be caused by global risks amid the continuation of the coronavirus pandemic and the emergence of new strains.
 

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Stock indexes are mostly in red currently after Wall Street retreated again on Wednesday following Federal Reserve minutes that signaled a likely reduction in bond purchases later this year. Microsoft shares fell 0.6% amid reports the tech giant is taking an equity stake in data management and backup firm Rubrik and the two companies are also planning co-engineering projects for solutions built on Azure, Tesla jumped 3.5% Wednesday outperforming market.







Forex news​


Currency Pair Change
EUR USD -0.28%
GBP USD -0.39%
USD JPY +0.01%
AUD USD -0.78%


The Dollar strengthening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 362 thousand Americans sought unemployment benefits over the last week, down from 375 thousand the previous week. 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, added 0.07% Wednesday.

EUR/USD continued retreating on Wednesday while GBP/USD reversed its sliding despite Office for National Statistics report UK inflation slowed more than expected in July: inflation declined to 1.8% year on year in July after 2.3% in June. Both pairs are lower currently. AUD/USD continued sliding while USD/JPY continued its advancing on Wednesday with both the Australian dollar and yen lower against the Greenback currently.

Stock Market news​



Indices Change
Dow Jones Index -0.86%
Nikkei Index -1.05%
Hang Seng Index -1.92%
Australian Stock Index -0.35%


The US stock index futures are down currently ahead of Federal Reserve Bank of Philadelphia Manufacturing Index report due at 14:30 CET today with the 10-year US Treasuries yields down at 1.262%. The three main US stock indexes booked losses Wednesday ranging from -1.08% to -0.89% as Census Bureau reported housing projects started last month fell 7% compared to June, more than expected, while building permits issued in the month rose 2.6 per cent, breaking a string of declines.

European stock indexes are retreating currently after ending mixed Wednesday with mining shares leading losses. Asian stock indexes are in red today with Hong Kong’s Hang Seng Index leading losses as selling pressure in stock markets extended from Chinese tech shares to semiconductors and miners.

Commodity Market news​

Commodities Change
Brent Crude Oil -1.42%
WTI Crude -1.52%

Brent is edging lower currently after retreating for five straight session. Prices ended lower Wednesday despite the US Energy Information Administration report domestic crude stockpile fell last week 3.2 million barrels to 435.5 million barrels, their lowest since January 2020. The US oil benchmark West Texas Intermediate (WTI) futures fell 1.7% and is lower currently. October Brent crude lost 1.2% to $768.23 a barrel on Wednesday.



Gold Market News​



Metals Change
Gold -0.42%


Gold prices are edging lower currently. December gold slid 0.2% to $1784.40 an ounce on Wednesday.
 

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Stocks are advancing currently while 10-year US Treasury note yields edged up to 1.272% after SP500 closed down 0.6% for the week on Friday. Amazon shares added 0.38% amid reports the e-commerce giant has plans to open physical stores that resemble the concept it is helping to crush, Microsoft shares jumped 2.56% Friday outperforming market while the company invested $5 million in Indian budget hotel chain Oyo ahead of IPO.





Forex news​



Currency Pair Change
EUR USD +0.22%
GBP USD +0.24%
USD JPY +0.07%
AUD USD +0.35%


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, slipped 0.1% on Friday after Dallas Federal Reserve President Robert Kaplan, a well-known hawk, said he might reconsider the need for an early start to tapering if the virus harms the US economy.

EUR/USD reversed its sliding Friday while GBP/USD retreated further as federal statistics office Destatis reported German producer prices index growth accelerated in July. Both pairs are higher against the Dollar currently. USD/JPY reversed its sliding Friday while AUD/USD slipped further with the Australian dollar higher against the Greenback currently and yen lower still.



Stock Market news​



Indices Change
Dow Jones Index +0.21%
Nikkei Index +0.98%
Hang Seng Index +0.93%
Australian Stock Index +0.45%


Futures on US equity benchmarks are up currently after the Wall Street rebounded Friday on bargain hunting. The three main US stock benchmarks recorded daily gains ranging from 0.65% to 1.19%.

European stock indexes are rising currently after ending higher on Friday with retail shares leading the gains. Asian indexes are advancing today with NIKKEI leading gains on dip buying while Chinese stocks bounced back as authorities reported no new local COVID-19 cases for the first time since July and technology and healthcare stocks helped Hong Kong equities rise after a two-day fall.

Commodity Market news​



Commodities Change
Brent Crude Oil +2.12%
WTI Crude +2.11%


Brent is rebounding currently. Prices fell on Friday amid concerns expanding travel restrictions due to the rising coronavirus Delta variant infection rate weakens fuel demand worldwide. And US drilling firms added rigs for the third week in a row, according to oil services company Baker Hughes. West Texas Intermediate (WTI) futures fell 2.2% but is higher currently. September Brent crude lost 1.9% to $65.18 a barrel on Friday.





Gold Market News​

Metals Change
Gold +0.34%


Gold prices are extending gains today. December gold inched up 0.05% settling at $1784 on Friday – gaining 0.3% for the week.
 

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Stocks are rising currently after Wall Street rally continued on Monday as investors await the Jackson Hole symposium later this week. Apple shares gained 1.03% despite news Apple employee organizing effort launched a website called AppleToo to collect stories from workers at all levels of the organization who’ve experienced harassment or discrimination, Google shares rose 1.9% on Monday outperforming market.







Forex news​

Currency Pair Change
EUR USD -0.11%
GBP USD +0.9%
USD JPY +0.08%
AUD USD -0.25%


The Dollar weakening 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, lost 0.5% on Monday as Markit’s data showing private sector activity expansion continued to slow in August supported the view the Fed would not move as fast as feared with the plan to shift away from its accommodative monetary policy starting this September.

GBP/USD joined EUR/USD’s continued climbing Monday as Markit data showed euro-zone economy remains on track for strong third-quarter growth despite some slowing of activity across both manufacturing and service sectors in August. Euro is down against the Dollar currently while Pound is higher still. AUD/USD reversed its sliding Monday while USD/JPY reversed its advancing both the yen lower against the Greenback currently and Australian dollar higher still.



Stock Market news​



Indices Change
Dow Jones Index +1.03%
Nikkei Index +0.48%
Australian Stock Index +0.42%


Futures on three main US stock indexes are up currently as 10-year US Treasury note yields inched up to 1.268%. The three major Wall Street stock benchmarks ended higher Monday recording daily gains in the range of 0.6% to 1.55% Monday as second-quarter earnings season is winding down with SP 500 poised to grow its earnings by 94.7% year over year with more than 90% SP 500 companies having reported results.

European stock indexes are gaining currently after ending higher Monday with oil and gas shares leading gains. Asian indexes are mostly rising today with Hong Kong’s Heng Seng Index leading gains as investors snapped up tech and healthcare shares after sell-off last week.



Commodity Market news​



Commodities Change
Brent Crude Oil +1.08%
WTI Crude +0.99%


Brent is extending gains currently ahead of data from the American Petroleum Institute later today. Prices closed sharply higher Monday buoyed also by the drop in the US dollar which makes crude less expensive for holders of other currencies. US West Texas Intermediate WTI jumped 5.6% and is higher currently. Brent rallied 5.5% to $68.75 a barrel on Monday.



Gold Market News​

Metals Change
Gold -0.26%
Gold prices are edging lower currently . December gold gained 1.3% to $1808.30 an ounce on Monday, posting the highest finish in over two weeks.
 

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US stocks continued to rise amid plans by the Democratic Party to increase the US economy bailout package to $ 3.5 trillion. Funds are needed to eliminate the negative consequences of the coronavirus epidemic. A fire on an oil platform in the Gulf of Mexico caused a sharp rise in oil prices.





Forex news​



Currency PairChange
EUR USD-0.11%
GBP USD-0.03%
USD JPY+0.1%
USD NOK-0.1%


On Tuesday, the US dollar index dropped for the third day in a row. This was mainly due to increased economic risks due to the increase in the number of new cases of coronavirus infection in the United States. On Friday, 93.7 thousand people fell ill, which was the maximum in 9 and a half months. This slightly reduced the likelihood of Fed tightening at the Jackson Hole symposium on August 27-28. Note that the rate increase (0.25%) is not expected. However, investors do not exclude a reduction in the volume of the current program of quantitative easing - the redemption of US government and mortgage bonds. Recall that since June 2020, the Fed has been buying these securities in the amount of $ 120 billion a month, mainly due to its money issue. The US dollar strengthened slightly this morning thanks to yesterday's positive New Home Sales data in July. Another good factor was the approval of the U.S. Food and Drug Administration of a new coronavirus vaccine developed by Pfizer and BioNTech. The Norwegian krone strengthened 1% against the euro yesterday, thanks to a statement from a Norges Bank spokesman about a possible rate hike (0%) at its next meeting on 23 September.







Stock Market news​



IndicesChange
Dow Jones Index+0.09%
S&P 500+0.15%
Nasdaq 100+0.52%
US Dollar Index+0.1%


American stock indices rose yesterday. S&P 500 and Nasdaq renewed all-time highs. Democratic members of the United States House of Representatives are going to increase the package of assistance to the American economy to combat the consequences of the coronavirus to $ 3.5 trillion from $ 1 trillion, which was approved earlier in the Senate by the Republicans. An additional positive for the stock market was the approval by the US authorities of a new Covid-19 vaccine developed by Pfizer-BioNTech. Against this background, the industry indices S&P 1500 Airline (+ 3.7%) and S&P Hotel / Restaurant / Leisure (+ 1.6%) showed good growth. Durable Goods Orders for July are due in the US today. Their outlook is negative. This stopped the growth of futures for US stock indices. European and Asian stock indices show mixed dynamics and are trading with minimal changes. Meanwhile, according to the agency Refinitiv, the total profit of European companies in the 2nd quarter of this year was good and increased by one and a half times. Japanese companies also showed positive quarterly figures.





Commodity Market news​



CommoditiesChange
WTI Crude-0.28%
Brent Crude Oil-0.31%
COPPER+0.5%




World oil prices rose strongly (almost 8%) on Monday and Tuesday. This was facilitated by a fire on the Mexican oil platform Ku-Alfa in the Gulf of Mexico. This reduced production by about 420 thousand barrels per day (bvd). For now, it is expected to recover by August 30. Meanwhile, in China, an increase in fuel demand is planned due to a sharp decrease in the number of patients with coronavirus and the abolition of quarantine in several regions of the country. There were just 20 new cases of Covid-19 in China yesterday. By the way, the same information contributed to the rise in copper prices, since China consumes half of its world production. The independent American Petroleum Institute announced a decline in US oil reserves for the week by 1.6 million barrels. This was another positive factor for the quotes. Coffee rose after Somar Meteorologia reported a possible drought in Brazil.







Gold Market News​



MetalsChange
Gold-0.62%
Silver/US Dollar-0.51%




Gold quotes are depreciating today for the second day in a row against the background of a slight strengthening of the US dollar. They failed to gain a foothold above the psychological level of $ 1800 an ounce. An additional negative for precious metals was the reduction in global coronavirus risks thanks to the approval of a new vaccine in the United States and a reduction in new cases of Covid-19 in China.
 

IFC Markets

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Stock index futures are mixed currently after Nasdaq ended at an all-time high while Dow slipped on Wednesday following mixed US reports. Microsoft shares slipped 0.017% underperforming market while the tech giant announced the first major operating system in 6 years, Windows 11, launches October 5, Apple added 0.45% Wednesday.

Forex news​

Currency Pair Change
EUR USD +0.32%
GBP USD +0.23%
USD JPY -0.01%
AUD USD +0.78%
The Dollar weakening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 342 thousand Americans sought unemployment benefits over the last week, down from 353 thousand the previous week. 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, slid 0.2% Wednesday.

Both EUR/USD and GBP/USD accelerated their climbing on Wednesday after the European Central Bank report consumer prices increased by 3% over year in August in euro zone, far above expectations and the European Central Bank’s 2% target. Both pairs are higher currently. Both USD/JPY and AUD/USD continued rising on Wednesday with the yen lower against the Greenback currently and Australian dollar higher still.





Stock Market news​

Indices Change
Dow Jones Index +0.07%
Nikkei Index +0.14%
Hang Seng Index +0.12%
Australian Stock Index -0.51%


The US stock index futures are up currently ahead of Census Bureau’s US factory orders report at 16:00 CET today, with the 10-year US Treasuries note yields down at 1.304%. The three main US stock indexes booked returns Wednesday ranging from -0.14% to 0.33% as the Institute for Supply Management's manufacturing index continued to grow, indicating a solid growth in US manufacturing sector in August.

European stock indexes are mixed currently after ending mixed Wednesday with retail shares leading gains. Asian stock indexes are mixed today with Shanghai Composite leading gains as the People's Bank of China set the midpoint rate of yuan at 6.4594 per dollar prior to the market open, the strongest since June 29 and firmer than the previous fix.

Commodity Market news​

Commodities Change
Brent Crude Oil -0.48%
WTI Crude -0.47%


Brent is edging lower currently. Prices ended mixed Wednesday after the US Energy Information Administration report domestic crude stockpile fell last week by 7.2 million barrels to 425.4 million barrels - a fourth straight week of decline. At the same time the OPEC and its allies agreed to stick to their existing policy of gradual oil output increases. The US oil benchmark West Texas Intermediate (WTI) futures added 0.1% but is lower currently. October Brent crude rose 4 cents to $71.59 a barrel on Wednesday.



Gold Market News​

Metals Change
Gold +0.05%
Gold prices are edging higher currently. December gold slipped 0.1% to $1816 an ounce on Wednesday after a 0.3% gain on Tuesday.
 

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Equity index futures are mixed currently ahead of US non-farm payroll report today at 14:30 CET after Wall Street finished at records again on Thursday. Amazon shares slid 0.46% underperforming market while Japan’s Financial Services Agency said it would investigate Amazon Web Services outage to brokers, airline, Facebook shares lost 1.77% on Thursday.



Forex news​

Currency Pair Change
UR USD +0.55%
GBP USD -0.51%
USD JPY +0.03%
AUD USD +0.52%


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, lost 0.3% Thursday despite the US Labor Department report 340 thousand Americans sought unemployment benefits over the last week, down from 354 thousand the previous week.

Both GBP/USD and EUR/USD continued their climbing Thursday as the Eurostat reported producer price index for euro zone rose more than expected in June. Euro is higher against the Dollar currently while Pound is down. USD/JPY reversed its advancing yesterday while AUD/USD added to gains with yen lower against the Greenback currently while the Australian dollar is higher still.



Stock Market news​

Indices Change
Dow Jones Index +0.06%
Nikkei Index +2.19%
Hang Seng Index -0.51%
Australian Stock Index +0.26%
Futures on three main US stock indexes are up currently with US 10-year Treasury note yields hovering around 1.295%. The three main US stock benchmarks ended higher Thursday following better weekly jobless claim data. The SP500 and Nasdaq ended at records with three benchmarks recording daily gains in the range of 0.14% to 0.37%.

European stock indexes are lower currently after closing mixed Thursday with oil and gas shares leading gains. Asian indexes are mostly higher today with Nikkei leading gains after news Prime Minister Yoshihide Suga would step down, while China's August services activity slumped into contraction.



Commodity Market news​

Commodities Change
Brent Crude Oil +0.35%
WTI Crude +0.25%
Brent is extending gains currently. Prices rose yesterday amid reports about 80% of the Gulf of Mexico's oil and gas output has been affected by hurricane Ida . The US oil benchmark West Texas Intermediate (WTI) futures rose 2% and is higher currently. Brent crude gained 1.8% to $72.84 a barrel on Thursday.



Gold Market News​

Metals Change
Gold +0.16%
Gold prices are edging higher today. December gold slid 0.3% to $1,811.50 an ounce on Thursday, logging back to back loss.
 

IFC Markets

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Global equities are advancing currently while 10-year US Treasury note yields edged up to 1.326% after Wall Street closed mixed Friday following disappointing August jobs data. Amazon shares rebounded 0.43% outperforming market amid reports the e-commerce giant is on a spending spree to grow its shipping business to compete with FedEx and UPS, Microsoft shares slipped 0.003% Friday.





Forex news​



Currency Pair Change
EUR USD -0.41%
GBP USD -0.62%
USD JPY +0.11%
AUD USD -0.59%


The Dollar weakening has reversded 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, slid 0.1% on Friday after Bureau of Labor Statistics report US economy added 235 thousand jobs in August when creation of 720 thousand new jobs was forecast.

Both EUR/USD and GBP/USD continued their climbing Friday despite Markit report its final composite PMI (purchasing managers’ index) reading for the euro zone dropped to 59.0 for August from July’s 15-year high of 60.2. Both pairs are lower against the Dollar currently. USD/JPY continued its sliding Friday while AUD/USD rose further with both the Australian dollar and yen lower against the Greenback currently.



Stock Market news​



Indices Change
Dow Jones Index +0.08%
Nikkei Index +1.52%
Hang Seng Index +1.06%
Australian Stock Index +0.72%


Futures on US equity benchmarks are up currently with US markets closed for a Labor Day Holiday. The Wall Street ended mixed Friday after disappointing August jobs report: the three main US stock benchmarks recorded daily returns ranging from --0.21% to 0.21%.

European stock indexes are rising currently after ending lower on Friday with travel and leisure shares leading the losses. Asian indexes are advancing today with NIKKEI leading gains and Chinese stocks supported by expectations Beijing would apply more stimulus through fiscal and monetary policy.



Commodity Market news​

Commodities Change
Brent Crude Oil -0.27%
WTI Crude -0.97%


Brent is extending losses currently after Saudi Arabia cut crude contract prices for Asia over the weekend. Prices fell on Friday amid concerns a weaker than expected US jobs report indicated a faltering economic recovery that could mean slower fuel demand during a resurgent pandemic. West Texas Intermediate (WTI) futures fell 1% and is lower currently. September Brent crude lost 0.6% to $72.61 a barrel on Friday.



Gold Market News​



Metals Change
Gold -0.18%


Gold prices are edging lower today. December gold rose 1.2% settling at $1833.70 an ounce on Friday – gaining 0.8% for the week.
 

IFC Markets

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Global stocks are rising currently after a bullish session on Monday while US markets were closed for a holiday.



Forex news​

Currency Pair Change
EUR USD +0.57%
GBP USD +0.46%
USD JPY +0.04%
AUD USD -0.4%
The Dollar strengthening 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, added 0.1% on Monday.

Both GBP/USD and EUR/USD reversed their climbing Monday despite federal statistics office Destatis report German factory output rebound in July continued when a decline was expected. Both Pound and euro are higher against the Dollar currently. AUD/USD reversed its advancing Monday while USD/JPY reversed its sliding with both the yen and Australian dollar lower against the Greenback currently.



Stock Market news​

Indices Change
Dow Jones Index +0.28%
Nikkei Index +0.11%
Hang Seng Index +0.77%
Australian Stock Index +0.36%
Futures on three main US stock indexes are up currently as 10-year US Treasury note yields inched up to 1.344%. The three major Wall Street stock benchmarks ended mixed Friday after disappointing August jobs report, recording daily returns in the range of --0.21% to 0.21%.

European stock indexes are down currently after ending higher Monday with tech shares leading gains. Asian indexes are mostly rising today with Shanghai Composite leading gains as Chinese trade data showed both exports and imports of the world's second-biggest economy grew much faster than expected in August.



Commodity Market news​

Commodities Change
Brent Crude Oil +0.31%
WTI Crude +0.16%
Brent is edging higher currently ahead of data from the American Petroleum Institute later today. Prices closed lower Monday after Saudi state oil giant Saudi Aramco notified customers on Sunday that it will cut October prices for all crude grades sold to Asia, its biggest buying region, by at least $1 a barrel. US West Texas Intermediate WTI lost 0.8% but is higher currently. November Brent slid 0.8% to $72.04 a barrel on Monday.



Gold Market News​

Metals Change
Gold -0.4%
Gold prices are edging lower currently . Spot gold slipped 0.16% to $1823.06 an ounce on Monday.