Fundamental Analysis from IFC Markets

[IFC Markets]

Markets edge higher after Wall Street rebound - 3.12.2021​

Todays’ Market Summary​

• The Dollar strengthening is intact
• Futures on three main US stock indexes are up
• Brent is extending gains.
• Gold prices are gaining

Top daily news​

Equity index futures are mostly gaining currently ahead of US nonfarm payrolls report following a solid uptick on Wall Street Thursday. Google stock rose 1.36% despite news Canada is expected to introduce a news media bargaining code within the next two months that would result in Google and Facebook payments to publishers totaling between CA$100-150m annually, Tesla shares lost 0.95% Thursday underperforming market as Elon Musk exercised more options selling Tesla shares worth $1.38 billion.

Forex news​

Currency Pair	Change
EUR USD	-0.23%
GBP USD	-0.03%
USD JPY	+0.15%
AUD USD	-0.35%

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% Thursday despite the US Labor Department report 238 thousand Americans sought unemployment benefits over the last week, up from 199 thousand the previous week.

EUR/USD continued retreating yesterday while GBP/USD reversed its sliding despite Eurostat report euro zone producer prices surged 21.9% over year in October. Both euro and Pound are lower against the Dollar currently. USD/JPY reversed its retreating yesterday while AUD/USD continued sliding with both the Australian dollar and yen lower against Greenback currently.

Stock Market news​

Indices	Change
Dow Jones Index	+0.41%
Nikkei Index	+1.02%
Hang Seng Index	-0.29%
Australian Stock Index	+0.22%

Futures on three main US stock indexes are up currently with US 10-year Treasury note yields down at 1.429%. US stock market rebounded Thursday despite an uptick in weekly jobless claims, although the overall figure remains below the pre-pandemic level. The three main US stock benchmarks recorded daily gains in the range of 0.4% to 1.8%.

European stock indexes are higher currently after closing down Thursday led by tech shares. Asian indexes are mostly gaining today led by Nikkei while Hong Kong’s Hang Seng is down amid news US adopted law under which the Public Company Accounting Oversight Board (PCAOB) must be able to inspect audits of foreign firms listed on US markets and requires companies to name any Chinese Communist Party members on their board of directors.

Commodity Market news​

Commodities	Change
Brent Crude Oil	+1.13%
WTI Crude	+0.63%

Brent is extending gains. Prices ended higher yesterday despite OPEC+ surprise decision to stick to its plans and to boost output monthly by 400,000 barrels per day. The US oil benchmark West Texas Intermediate (WTI) ended up 1.4% and is higher currently. Brent crude gained 1.2% to $69.67 a barrel on Thursday.

Gold Market News​

Metals	Change
Gold	+0.11%

Gold prices are gaining today. February gold lost 1.2% closing at $1762.70 Thursday, the lowest finish since October 12.

 

[IFC Markets]

Global stocks rebound as Omicron concerns recede - 7.12.2021​

Todays’ Market Summary​

• The Dollar strengthening has halted
• Futures on three main US stock indexes are advancing
• Brent is extending gains currently ahead of data from the American Petroleum Institute later today.
• Gold prices are rising currently

Top daily news​

Stocks are mostly advancing currently after Wall Street regained yesterday most of the losses suffered in Friday's sell-off. Tesla lost 0.59% after reports Securities and Exchange Commission has opened an investigation into the company related to solar panel defects, Microsoft shares rose 0.98% on Monday underperforming market amid news the software giant has informed partners that organizations paying by the month for Microsoft Office will face a 20% hike unless they move to annual subscriptions.

Forex news​

Currency Pair	Change
EUR USD	+0.27%
GBP USD	+0.01%
USD JPY	+0.15%
AUD USD	+0.16%

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% on Monday.

EUR/USD reversed its advancing Monday while GBP/USD reversed its retreating as federal statistics office Destatis reported German factory orders plunged 6.9% over month in October on weak foreign demand. Both euro and Pound are higher against the Dollar currently. Both USD/JPY and AUD/USD reversed their sliding yesterday with yen lower against the Greenback currently and the Australian dollar higher.

Stock Market news​

Indices	Indices
Dow Jones Index	+0.63%
Nikkei Index	+1.08%
Hang Seng Index	+1.59%
Australian Stock Index	+0.45%

Futures on three main US stock indexes are advancing currently. Wall Street stocks closed solidly higher on Monday as US officials said on the latest Covid-19 variant "thus far it does not look like there's a great degree of severity to it". The three main stock index benchmarks booked daily gains in the range of 0.9% to 1.9% led by travel shares.

European stock indexes are up currently after ending higher Monday led by travel and leisure shares. Asian indexes are mostly rising today with Hang Seng index leading gainers as the People's Bank of China cut the required reserve ratio freeing up $188 billion in liquidity.

Commodity Market news​

Commodities	Change
Brent Crude Oil	+0.98%
TI Crude	+1.04%

Brent is extending gains currently ahead of data from the American Petroleum Institute later today. Prices closed sharply up Monday supported by easing of Omicron concerns and declining prospects of a rise in Iranian oil exports after suspension of indirect US-Iran nuclear talks which hit roadblocks last week. US West Texas Intermediate WTI rallied 4.9% and is higher currently. Brent jumped 4.6% to $73.08 a barrel on Monday.

Gold Market News​

Metals	Change
Gold	+0.26%

Gold prices are rising currently . February gold slipped 0.3% to $1779.50 an ounce on Monday.

 

[IFC Markets]

Stocks mostly buoyant tracking Wall Street gains - 9.12.2021​

Todays’ Market Summary​

• The Dollar retreating has ceased
• The US stock index futures are up currently
• Brent is edging up currently.
• Gold prices are advancing

Top daily news​

Global stocks are mostly advancing currently after US stocks extended gains Wednesday for third session in a row. Amazon shares ended virtually flat after a Tuesday outage in Amazon Web Services — the cloud computing unit of Amazon.com, Inc — took down major websites, streaming apps including Google, Disney Plus and disrupted delivery networks, Apple shares gained 2.28% Wednesday outperforming market after a US court temporarily allowed the iPhone maker to retain control over payments in its App Store while media reported Apple is allowing companies to continue gathering user data seven months after introducing new privacy rules.

Forex news​

Currency Pair	Change
EUR USD	-0.04%
GBP USD	+0.54%
USD JPY	-0.25%
AUD USD	+0.46%

The Dollar retreating has ceased 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 0.36% Wednesday despite a 4.6-basis-point jump in 10-year Treasury yields on Wednesday.

EUR/USD reversed its retreating on Wednesday while GBP/USD continued sliding dragged by announcement of the tighter COVID-19 rules. Pound is higher currently against the Dollar while euro is lower. Both USD/JPY and AUD/USD continued climbing Wednesday with both the Australian dollar and yen higher against the Greenback currently.

Stock Market news​

Indices	Change
Dow Jones Index	-0.17%
Nikkei Index	-0.25%
Hang Seng Index	+0.33%

The US stock index futures are up currently ahead of the US Labor Department report at 14:30 CET expected to show 218 thousand Americans sought unemployment benefits over the last week, down from 222 thousand the previous week. The three main US stock indexes booked gains Wednesday ranging from 0.1% to 0.6% with a rally late to close helping to recover from losses that were recorded during much of the trading session.

European stock indexes are mixed currently after ending lower Wednesday led by retail shares. Asian stock indexes are mixed today with Nikkei leading losses.

Commodity Market news​

Commodities	Change
Brent Crude Oil	+0.23%
WTI Crude	+0.17%

Brent is edging up currently. Prices gained Wednesday supported by the US Energy Information Administration report domestic crude stockpile fell by 240 thousand barrels last week while the Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, chose to maintain its schedule of boosting supply by 400,000 barrels per day every month. The US oil benchmark West Texas Intermediate (WTI) futures added 0.4% and is higher currently. Brent crude gained 0.5% to $75.82 a barrel on Wednesday.

Gold Market News​

Metals	Change
Gold	+0.16%

Gold prices are advancing currently. February gold inched up less than 0.1% to $1785.50 an ounce on Wednesday.

 

[IFC Markets]

Stocks pause as Wall Street dips ahead of Fed meeting - 14.12.2021​

Todays’ Market Summary​

• The Dollar strengthening is intact
• Futures on three main US stock indexes are advancing
• Brent is extending losses currently ahead of data from the American Petroleum Institute later today.
• Gold prices are rising currently

Top daily news​

Global stocks are mostly retreating currently after Wall Street fell Monday ahead of two-day Fed meeting starting today. Google shares fell 1.47% giving back all of Friday session gain after reports Google executives told employees they won’t raise pay companywide to match inflation, Tesla lost 4.98% before late Monday news CEO Elon Musk sold another 934,091 shares worth around $906.49 million, bringing his total sold in December to more than $2.87 billion so far of his electric car company holding.

Forex news​

Currency Pair	Change
EUR USD	-0.32%
GBP USD	-0.48%
USD JPY	+0.12%
AUD USD	-0.17%

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, rose 0.3% on Monday.

Both EUR/USD and GBP/USD reversed their advancing Monday as federal statistics office Destatis reported German Wholesale Price Index slowed its growth to 1.3% over month in November from 1.6% in previous month. Both euro and Pound are lower against the Dollar currently. USD/JPY reversed its sliding yesterday while AUD/USD reversed its climbing with both yen and the Australian dollar lower against the Greenback currently.

Stock Market news​

Indices	Change
Dow Jones Index	+0.04%
Nikkei Index	-0.23%
Hang Seng Index	-0.49%
Australian Stock Index	-0.38%

Futures on three main US stock indexes are advancing currently. Wall Street stocks closed lower on Monday as investors expect the Federal Reserve will signal a faster reduction of its $120 billion a month bond buying program at its two-day meeting that wraps up on Wednesday. The three main stock index benchmarks booked daily losses in the range of 0.9% to 1.4% led by travel shares.

European stock indexes are mixed currently after ending lower Monday after Britain reported the first death from the Omicron variant on Sunday. Asian indexes are mostly in red today with Hang Seng index leading losses dragged down by developers shares falling on concerns over the health of China's property sector.

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.21%
WTI Crude	-0.37%

Brent is extending losses currently ahead of data from the American Petroleum Institute later today. Prices closed down Monday despite Organization of the Petroleum Exporting Countries raising of its world oil demand forecast for the first quarter of 2022. US West Texas Intermediate WTI slid 0.5% and is lower currently. Brent fell 1% to $74.39 a barrel on Monday.

Gold Market News​

Metals	Change
Gold	+0.11%

Gold prices are rising currently. February gold added 0.2% to $1782.20 an ounce on Monday, gaining second straight session to settle at a 3-week high.

 

[IFC Markets]

Fed meeting will take place today - 15.12.2021​

Todays’ Market Summary​

• On Tuesday, the US dollar index rose for the second day in a row in anticipation of today's Fed meeting.
• Yesterday US stock indexes fell for the second day in a row.
• Today oil is getting cheaper for the third day in a row.
• The US regulator is expected to keep the rate at 0.25%, but may announce an additional tapering of the 4th quantitative easing program.

Top daily news​

Investors hope that the Federal Reserve will accelerate the tapering of the 4th quantitative easing program to $ 25 billion a month. It is now expected to be cut by $ 15 billion per month and will be fully completed in June 2022. Changes in the Fed rate (0.25%) are not expected today. The tightening of monetary policy in the form of a decrease in QE 4 strengthens the dollar and negatively affects the stock market. Oil depreciates amid risks of a global lockdown due to the new variant of the Omicron coronavirus.

Forex news​

Currency Pair	Change
EUR USD	+0.15%
GBP USD	+0.22%
USD JPY	-0.04%

On Tuesday, the US dollar index rose for the second day in a row in anticipation of today's Fed meeting. Investors hope the Federal Reserve will accelerate the tapering of the 4th quantitative easing program to $ 25 billion a month. It is now expected to be cut by $ 15 billion per month and will be fully completed in June 2022. The QE 4 program began in March 2020 at a volume of $ 120 billion per month. Its goal is to support the American economy affected by the coronavirus epidemic. The Fed rate hike of 0.25% is not expected today. In addition to the Fed meeting, important economic data for Retail Sales for November and Business Inventories for October are due in the US today. Their forecasts look moderately negative and the US dollar index is correcting slightly downward today. The Consumer Price Index and Producer Price Index for November were released in Britain today. They updated their multi-year highs. The British pound strengthened on the expectation that the Bank of England (BoE) will somehow show an urge to tighten monetary policy due to high inflation at its meeting tomorrow. Let us remind you that the meeting of the European Central Bank (ECB) will also take place on December 16, and the Bank of Japan (BoJ) will take place on December 17. Bitcoin corrected slightly upward yesterday after a 5-week decline. Investors feared that the Fed would criticize the US cryptocurrency market. Since earlier, some cryptocurrency exchanges and crypto exchangers began to launch various interest rate instruments by the type of deposits and even loans. Thus, they compete with banks. If today the Fed does not react to this in any way, then bitcoin quotes may rise significantly. Elon Musk has raised Dogecoin quotes by almost 15%, saying that it is considering selling Tesla electric vehicles for these tokens. At the same time, Musk continues to actively get rid of its own Tesla shares.

Stock Market news​

Indices	Change
Dow Jones Index	-0.3%
S&P 500	-0.75%
Nasdaq 100	-1.14%
US Dollar Index	-0.14%

Yesterday US stock indexes fell for the second day in a row. A possible tightening of the Fed's monetary policy contributes to the strengthening of the US dollar, but negatively affects the stock market. An additional negative for the stock market was the strong growth of the Producer Price Index (+ 9.6%) in November. This is the highest increase in 11 years. Artificial meat producer Beyond Meat soared 9.3% after investment firm Piper Sandler raised its recommendation on its stock.

​

Commodity Market news​

Commodities	Change
WTI Crude	-0.72%
Brent Crude Oil	-0.53%
Natural Gas Prices	+2.05%
COPPER	-1.12%

Today oil is getting cheaper for the third day in a row. Investors fear the resumption of the global lockdown due to the new variant of the Omicron coronavirus. Recently, it was first recorded in China. The International Energy Agency (IEA) has cut its forecast for global oil demand in the 1st quarter of next year. The independent American Petroleum Institute announced a decline in US oil reserves for the week by 0.815 million barrels. However, so far this has not particularly supported the quotes. Nevertheless, WTI is currently trading above the psychological level of $ 70 per barrel.

​

Gold Market News​

Metals	Change
Gold	-0.15%
Silver/US Dollar	-0.03%

The US regulator is expected to keep the rate at 0.25%, but may announce an additional tapering of the 4th quantitative easing program. Precious metals quotes are supported by record inflation in developed countries and the spread of the new variant of the Omicron coronavirus.

 

[IFC Markets]

Stocks track Wall Street losses led by tech slump - 17.12.2021​

Todays’ Market Summary​

• The Dollar weakening is intact
• Futures on three main US stock indexes are mixed
• Brent is edging lower.
• Gold prices are extending gains

Top daily news​

Equity index futures are mostly in red currently ahead of Federal Reserve Governor Christopher Waller's speech following a retreat on Wall Street Thursday. Google stock lost 1.36% underperforming market amid news the tech giant agreed 5-year deal to pay AFP an undisclosed sum for online content in Europe, Facebook shares lost 1.98% Thursday while Russia fined Facebook owner Meta Platforms 13 million roubles ($177,000) for failing to delete content the government deems illegal.

Forex news​

Currency Pair	Change
EUR USD	-0.05%
GBP USD	-0.27%
USD JPY	-0.04%
AUD USD	-0.52%

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 0.36% Thursday after the US Labor Department report above forecast 206 thousand Americans sought unemployment benefits over the last week, up from 188 thousand the previous week.

Both EUR/USD and GBP/USD continued their climbing yesterday as the Bank of England hiked interest rates for the first time since the onset of the pandemic, and European Central Bank further cut its bond purchases. Bot Pound and euro are lower against the Dollar currently. Both USD/JPY reversed its climbing yesterday while AUD/USD slowed its advancing with the yen higher against Greenback currently and Australian dollar lower.

Stock Market news​

Indices	Change
Dow Jones Index	-0.03%
Nikkei Index	-1.71%
Hang Seng Index	-1.14%
Australian Stock Index	+0.03%

Futures on three main US stock indexes are mixed currently with US 10-year Treasury note yields down at 1.421%. US stock market dipped Thursday in the light of a sharper than expected uptick in weekly jobless claims. The three main US stock benchmarks recorded daily losses in the range of 0.1% to 2.5%.

European stock indexes are mixed currently after closing higher Thursday led by oil and gas shares. Asian indexes are mostly retreating today led by Nikkei as the Bank of Japan kept monetary policy ultra-loose on Friday but it decided to slow purchases of corporate bonds and commercial paper to pre-pandemic levels from April.

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.09%
WTI Crude	-0.12%

Brent is edging lower. Prices ended higher yesterday supported by data showing Saudi Arabia crude oil exports in October rose for a sixth straight month to their highest since April 2020. The US oil benchmark West Texas Intermediate (WTI) ended up 2.1% but is lower currently. Brent crude gained 1.5% to $75.02 a barrel on Thursday.

Gold Market News​

Metals	Change
Gold	+0.45%

Gold prices are extending gains today. February gold rallied 1.9% closing at $1798.20 Thursday as US dollar slipped in wake of Fed decision, recording the highest finish in over three weeks.

 

[IFC Markets]

Markets rebound after third straight Wall Street loss - 21.12.2021​

Todays’ Market Summary​

• The Dollar weakening is intact
• Futures on three main US stock indexes are advancing
• Brent is extending losses currently ahead of data from the American Petroleum Institute later today.
• Gold prices are rising currently

Top daily news​

Global stocks are mostly advancing currently after Wall Street fell Monday third session in a row. Tesla lost 3.5% losing all gains from 35% rally triggered by Hertz deal news despite CEO Elon Musk telling Tesla’s valuation is high but has a good reason for why it’s justified, Microsoft shares fell 1.2% Monday.

Forex news​

Currency Pair	Change
EUR USD	+0.34%
GBP USD	+0.75%
USD JPY	+0.05%
AUD USD	+0.06%

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 0.2% on Monday despite Conference Board report its Leading Economic Index for the US Increased in November .

EUR/USD reversed its retreating Monday while GBP/USD continued sliding as the European Central Bank reported euro zone’s current account surplus grew in October as an expansion in services sector outweighed the contraction in goods trade. Pound is higher against the Dollar currently while euro is little changed. USD/JPY joined AUD/USD’s sliding yesterday with both yen lower against the Greenback currently and the Australian dollar higher.

Stock Market news​

Indices	Change
Dow Jones Index	+0.22%
Nikkei Index	+2.01%
Hang Seng Index	+0.71%
Australian Stock Index	+0.61%

Futures on three main US stock indexes are advancing currently. Wall Street stocks closed solidly lower on Monday after US Senator Joe Manchin said on Sunday that he would not support president Biden's $1.75 trillion Build Back Better domestic investment Bill, potentially blocking its passage. After senator’s comments, Goldman Sachs trimmed its quarterly US GDP forecasts for 2022. The three main stock index benchmarks booked daily losses in the range of 1.1% to 1.2% led by financials and materials shares.

European stock indexes are mixed currently after ending lower Monday against the background of possibility of tighter restrictions being imposed over the Christmas holidays and into the new year in a number of European countries. Asian indexes are advancing today with Nikkei index leading gains buoyed by reports Beijing urged large private and state-owned property companies to acquire real estate projects from troubled developers.

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.06%
WTI Crude	-0.12%

Brent is extending losses currently ahead of data from the American Petroleum Institute later today. US West Texas Intermediate WTI sank 3.7% and is lower currently. Brent fell 2.7% to $71.52 a barrel on Monday.

Gold Market News​

Metals	Change
Gold	+0.13%

Gold prices are rising currently . February gold slid 0.6% to $1794,60 an ounce on Monday.

 

[IFC Markets]

New drugs for coronavirus Omicron expected - 22.12.2021​

Todays’ Market Summary​

• On Tuesday, the US dollar index was almost unchanged.
• Yesterday, US stock indices rose markedly after a 3-day decline.
• Today oil is getting more expensive for the second day in a row.
• Gold is falling in price today for the 4th day in a row as the risks of a resumption of the global Covid-19 epidemic and the strengthening of the US dollar.

Top daily news​

Several pharmaceutical companies (AstraZeneca, Pfizer/BioNTech, Moderna, Merck) at once, announced the creation of new vaccines and drugs for coronavirus. Thanks to this, stock indices and oil quotes rose, as well as precious metals, except for palladium, which fell in price. The US is expected to publish significant economic data today and tomorrow.

Forex news​

On Tuesday, the US dollar index was almost unchanged. Investors are trying to evaluate the message from pharmaceutical company Moderna that its vaccine may be effective against the Omicron coronavirus. In addition, the U.S. The Food and Drug Administration is going to authorize the use of drugs from Pfizer and Merck against Covid-19. The Canadian dollar strengthened thanks to a strong increase in Retail Sales in October (+ 1.6% in monthly terms). The Bank of Canada noted that the downturn in the Canadian economy has eased, which may be a sign of a desire to tighten monetary policy. UK GDP for the 3rd quarter of 2021 was released this morning in 2nd reading. It was unexpectedly increased to 6.8%, up from 6.6% in 1st reading. This could support the pound. Czech National Bank is expected to raise its rate today. Bitcoin rose noticeably yesterday, but could not exceed the psychological level of $ 50,000. Investors welcomed the resignation of Elad Roisman, one of the 5 board members of the U. S. Securities and Exchange Commission (SEC). In addition, some players associate the growth of cryptocurrencies with the high volatility of the Turkish lira and the actions of investors from Turkey.

Stock Market news​

Indices	Change
Dow Jones Index	+1.6%
S&P 500	+1.78%
Nasdaq 100	+2.4%
US Dollar Index	+0.06%

Yesterday, US stock indices rose markedly after a 3-day decline. Investors reacted positively to reports from several pharmaceutical companies (AstraZeneca, Pfizer/BioNTech, Moderna, Merck) about the creation of new vaccines and drugs for coronavirus. Despite this, the shares of these companies themselves dropped yesterday. In addition, the stock market rally was supported by reports of progress in negotiations for a $ 1.75 trillion allocation for the US construction program Build Back Better. Nike (+ 6.1%) and Micron Technology (+ 10.5%) rose on strong financial results and outlooks. Amid a decrease in the risks of a new epidemic, the shares of travel companies Carnival (+ 9%), Las Vegas Sands (+ 8.4%) and Expedia (+ 9.1%) soared. UBS Bank raised its recommendation on the shares of the manufacturer of graphics card and computer chips Nvidia (+ 4.9%). Today the US is to publish economic data on 3rd quarter GDP in 3rd reading and Existing Home Sales for November. In addition, the Conference Board United States Consumer Confidence Index will be released. The preliminary forecasts are positive.

Commodity Market news​

Commodities	Change
WTI Crude	+0.14%
Brent Crude Oil	+0.03%
Natural Gas Prices	+5.89%
COPPER	+0.17%

Today oil is getting more expensive for the second day in a row. The main positive factor is the reduced risk of a global lockdown due to the new variant of the Omicron coronavirus. The independent American Petroleum Institute announced a decline in US oil reserves for the week by 3.67 million barrels. This happened for the 4th week in a row. WTI is again trading above the psychological level of $70 a barrel. Rystad Energy reported that in 2021 the number of discovered new oil and gas fields turned out to be the lowest in the last 75 years.

Gold Market News​

Metals	Change
Gold	-0.12%
Silver/US Dollar	-0.14%

Gold is falling in price today for the 4th day in a row as the risks of a resumption of the global Covid-19 epidemic and the strengthening of the US dollar. The negative for gold was the unexpectedly good results of the auction for the placement of 20-year US Treasury bonds.

Palladium is rising in price today for the 2nd day in a row due to a sharp increase in global demand for microcircuits and chips, especially in the automotive industry.

 

[IFC Markets]

Stocks rally continues after second SP 500 record close in a row - 28.12.2021​

Todays’ Market Summary​

• The Dollar is rising
• Futures on three main US stock indexes are mixed
• Brent is edging lower currently ahead of data from the American Petroleum Institute later today.
• Gold prices are rising currently

Top daily news​

Global stocks are mostly advancing currently after Wall Street closed at a fresh record high on Monday again on back of strong US retail sales reports. Facebook shares rallied 3.3% amid reports the most-shared Facebook post of 2021 is about Trump’s plummeting net worth, Apple shares rose 2.3% Monday outperforming market.

Forex news​

Currency Pair	Change
EUR USD	-0.09%
GBP USD	-0.8%
USD JPY	+0.68%
AUD USD	+0.57%

The Dollar is rising 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, ended marginally higher at 96.09 on Monday.

EUR/USD reversed its advancing Monday while GBP/USD reversed its sliding. Both Pound and euro are lower against the Dollar currently. Both USD/JPY and AUD/USD reversed their retreating yesterday with yen lower against the Greenback currently and the Australian dollar higher.

Stock Market news​

Indices	Change
S&P 500	-0.08%
Dow Jones Index	-0.07%
Nikkei Index	+1.35%
Hang Seng Index	+0.46%

Futures on three main US stock indexes are mixed currently. Wall Street stocks closed solidly higher on Monday after Mastercard data showed US holiday season retail sales rose 8.5% from November 1 to December 24. The three main stock index benchmarks booked daily gains in the range of 1.1% to 1.2% led by energy and tech shares.

European stock indexes are mixed currently after ending marginally higher Monday against the background of Britain and France having held off from imposing tough restrictions on movement. Asian indexes are advancing today with Nikkei index leading gains.

​

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.24%
WTI Crude	-0.57%

Brent is edging lower currently ahead of data from the American Petroleum Institute later today. Prices surged yesterday against the background of talks resuming on Monday between world powers and Iran on reviving Tehran's 2015 nuclear deal. US West Texas Intermediate WTI jumped 2.4% but is lower currently. Brent rallied 3.2% to $78.60 a barrel on Monday.

Gold Market News​

Metals	Change
Gold	+0.11%

Gold prices are rising currently. February gold slid 0.2% to $1808.80 an ounce on Monday, snapping a three-session rise.

 

[IFC Markets]

Stocks rebound after SP 500, Dow close at records on first trading day of 2022 - 4.1.2022​

Todays’ Market Summary​

• The Dollar strengthening is intact
• Futures on three main US stock indexes are up
• Brent is edging lower currently ahead of OPEC+ output policy meeting and data from the American Petroleum Institute later today.
• Gold prices are rising currently

Top daily news​

Global stocks are mostly advancing currently after Wall Street closed at record highs on Monday. Apple shares rose 2.5% outperforming market while Apple became the first company to hit a $3 trillion market capitalization, Tesla shares rallied 13.53% Monday as the EV maker’s quarterly deliveries beat analysts’ estimates despite global chip shortages.

Forex news​

Currency Pair	Change
EUR USD	-0.39%
GBP USD	-0.68%
USD JPY	+0.95%
AUD USD	+0.37%

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, gained 0.2% on Monday despite Markit’s final estimate confirmation US manufacturing sector expansion slowed marginally.

Both EUR/USD and GBP/USD continued sliding Monday. Both Pound and euro are lower against the Dollar currently. AUD/USD reversed its advancing yesterday while USD/JPY accelerated its climbing with yen lower against the Greenback currently and the Australian dollar higher.

Stock Market news​

Indices	Change
Dow Jones Index	+0.21%
Nikkei Index	+0.54%
Hang Seng Index	-0.6%
Australian Stock Index	+1.33%

Futures on three main US stock indexes are up currently. Wall Street stocks closed solidly higher on Monday: the three main stock index benchmarks booked daily gains in the range of 0.6% to 1.2% led by energy and financial shares.

European stock indexes are mixed currently after ending solidly higher Monday as Markit confirmed euro zone’s manufacturing sector expansion slowed in December. Asian indexes are mixed today with Australia’s All Ordinaries ASX 200 Index leading gains while Chinese stock are retreating after China's cybersecurity watchdog announced official rules that will strengthen oversight over how companies make plans to list abroad.

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.44%
WTI Crude	-0.38%

Brent is edging lower currently ahead of OPEC+ output policy meeting and data from the American Petroleum Institute later today. Prices advanced yesterday. US West Texas Intermediate WTI added 1.2% but is lower currently. Brent gained 1.5% to $78.98 a barrel on Monday.

Gold Market News​

Metals	Change
Gold	+0.34%

Gold prices are rising currently . February gold slumped 1.6% to $180.10 an ounce on Monday, the lowest finish in nearly two weeks.

 

[IFC Markets]

Equities mixed following disappointing US job report - 10.1.2022​

Todays’ Market Summary​

• The Dollar strengthening has resumed
• Futures on US equity benchmarks are mixed
• Brent is edging up currently.
• Gold prices are down today

Top daily news​

Global stocks are mixed currently after SP500 concluded the first trading week of 2022 down on Friday on weak jobs report. Google shares slid 0.5% underperforming market while Alphabet and Microsoft posted 5.4% and 6.6% weekly losses respectively, Amazon shares fell 0.43% Friday while Amazon cut paid Covid leave time from two to one week for workers following changes to CDC guidance.

Forex news​

Currency Pair	Change
EUR USD	-0.23%
GBP USD	-002%
USD JPY	+0.15%
AUD USD	+0.21%

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, ended 0.5% lower on Friday after the Bureau of Labor Statistics report the US economy added only 199,000 new jobs last month, less than half of analysts' estimates.

Both GBP/USD and EUR/USD reversed their sliding Friday after the European Commission statistics office Eurostat report the headline inflation in euro zone ticked up to a new record high 5% for December. Both euro and Pound are lower against the Dollar currently. USD/JPY continued sliding Friday while AUD/USD reversed its retreating with yen lower against the Greenback currently and the Australian dollar higher still.

Stock Market news​

Indices	Change
Dow Jones Index	+0.25%
Hang Seng Index	+1.14%
Australian Stock Index	-0.25%
S&P 500	-0.12%

Futures on US equity benchmarks are mixed currently with 10-year US treasury yields down at 1.766%. US stocks slipped on Friday as 10-year US Treasury note yield rose further on Friday after the weak December non-farm payrolls report despite a bigger than expected drop in the unemployment rate to 3.9%. The three main US stock benchmarks recorded daily losses ranging from 0.01% to 0.96%.

European stock indexes are mixed currently after ending down on Friday led by travel and leisure shares. Asian indexes are mostly higher today with Hong Kong’s Hang Seng index leading gains in thin trading with Japanese markets closed for a holiday.

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.53%
WTI Crude	-0.14%

Brent is edging up currently. Prices retreated Friday, posting weekly gains however. West Texas Intermediate (WTI) futures lost 0.7% and is lower currently. Brent crude slipped 0.3% to $81.75 a barrel on Friday, posting however 5.2% weekly gain on supply concerns from the unrest in Kazakhstan and outages in Libya.

Gold Market News​

Metals	Change
Gold	-0.04%

Gold prices are down today. Prices rose on Friday: gold for February delivery gained 0.5% to $1797.40 an ounce, however recording 1.7% loss for the week.

 

[IFC Markets]

Stocks down ahead of Fed chair Powel testimony - 11.1.2022​

Todays’ Market Summary​

• The Dollar strengthening has halted
• Futures on three main US stock indexes are mixed
• Brent is edging higher currently ahead of data from the American Petroleum Institute later today.
• Gold prices are rising currently

Top daily news​

Global stocks are mostly in red currently ahead of Powell's appearance before the Senate at 16:00 CET today after Wall Street closed down on Monday. Facebook shares fell 1.12%, Tesla shares rallied 3.03% Monday outperforming market after Musk tweeted on Friday that the company will raise the US price of its advanced driver assistant software.

Forex news​

Currency Pair	Change
EUR USD	+0.12%
GBP USD	+0.13%
USD JPY	+0.06%
AUD USD	+0.1%

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 0.2% on Monday despite Census Bureau’s upward revision of wholesale inventories of US businesses for November.

Both EUR/USD and GBP/USD reversed their climbing Monday despite Eurostat report euro zone unemployment fell to 7.2% in November from 7.3% in October. Both Pound and euro are higher against the Dollar currently. AUD/USD joined USD/JPY’s accelerated sliding yesterday with both yen and the Australian dollar higher against the Greenback currently.

Stock Market news​

Indices	Change
Dow Jones Index	+0.03%
Nikkei Index	-0.75%
Hang Seng Index	-0.54%
Australian Stock Index	-0.21%

Futures on three main US stock indexes are mixed while US 10-year Treasury yields inched down to 1.766% currently. Wall Street stocks closed lower on Monday in a choppy session: the three main stock index benchmarks booked daily returns in the range of -0.46% to +0.05%.

European stock indexes are mixed currently after ending lower Monday led by tech shares. Asian indexes are in negative territory today with Nikkei leading losses.

Commodity Market news​

Commodities	Change
Brent Crude Oil	+0.45%
WTI Crude	+0.68%

Brent is edging higher currently ahead of data from the American Petroleum Institute later today. Prices fell yesterday on rising Libyan output as Libya said production was increasing. US West Texas Intermediate WTI lost 0.9% but is higher currently. Brent fell 1.1% to $80.87 a barrel on Monday.

Gold Market News​

Metals	Change
Gold	+0.4%

Gold prices are rising currently . February gold added 0.1% to $1798.80 an ounce on Monday, settling below $1,800 for a third straight session.

 

[IFC Markets]

Markets dip after US inflation surge - 13.1.2022​

Todays’ Market Summary​

• The Dollar retreating is intact
• The US stock index futures are down currently
• Brent is edging down currently.
• Gold prices are extending gains

Top daily news​

Global stocks are down currently after Wall Street edged up Wednesday following US data showing another spike in consumer prices. Microsoft shares gained 1.04% outperforming market, Facebook shares slid 0.33% Wednesday as US judge rejected Facebook request to dismiss FTC antitrust lawsuit demanding it sells WhatsApp and Instagram.

Forex news​

-0.19%

Currency Pair	Change
EUR USD
GBP USD	+0.15%
USD JPY	-0.19%
AUD USD	+0.24%

The Dollar retreating 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 0.5% Wednesday despite Labor Department report consumer price index jumped by 7% over the past twelve months, its fastest pace in four decades.

Both EUR/USD and GBP/USD accelerated their climbing on Wednesday as Eurostat reported industrial production resumed growing in euro are in November. Euro is lower against the Dollar currently while Pound is higher still. USD/JPY reversed its climbing yesterday while AUD/USD accelerated its advancing with both the Australian dollar and yen higher against the Greenback currently.

Stock Market news​

Indices	Change
Dow Jones Index	-0.25%
Nikkei Index	-0.42%
Hang Seng Index	-0.76%
Australian Stock Index	-0.01%

The US stock index futures are down currently ahead of the US Labor Department report at 14:30 CET expected to show 199 thousand Americans sought unemployment benefits over the last week. The three main US stock indexes booked gains ranging from 0.1% to 0.28% Wednesday as longer-dated US Treasury yields dipped.

European stock indexes are down currently after ending higher Wednesday with basic resources leading gainers. Asian stock indexes are mostly falling today with Shanghai Composite leading losses after data showing mainland bank lending fell more than expected in December.

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.6%
WTI Crude	-0.57%

Brent is edging down currently. Prices gained Wednesday supported by the US Energy Information Administration report domestic crude stockpile fell by 4.6 million barrels last week. The US oil benchmark West Texas Intermediate (WTI) futures rose 1.8% but is lower currently. Brent crude gained 1.1% to $84.67 a barrel on Wednesday.

Gold Market News​

Metals	Change
Gold	+0.06%

Gold prices are extending gains currently. February gold added 0.56% to $1827.30 an ounce on Wednesday, up a forth session in a row.

 

[IFC Markets]

No single trend in global equities ahead of US retail sales data - 14.1.2022​

Todays’ Market Summary​

• The Dollar weakening continues
• Futures on three main US stock indexes are mixed
• Brent is edging higher.
• Gold prices are rebounding

Top daily news​

Equity index futures are mixed currently ahead of US retail sales report today at 14:30 CET following a retreat on Wall Street Thursday. Facebook shares lost 2.03% underperforming market ahead of reports today Meta is being sued for £2.3bn in a class action lawsuit that claims 44 million Facebook users in the UK had their data exploited after signing up to the social network, Apple stock lost 1.9% Thursday.

Forex news​

Currency Pair	Change
EUR USD	+0.07%
GBP USD	+0.12%
USD JPY	-0.38%

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, slipped 0.1% Thursday after the US Labor Department report above-forecast 230 thousand Americans sought unemployment benefits over the last week, up from 207 thousand the previous week.

Both EUR/USD and GBP/USD continued their climbing yesterday. Both Pound and euro are higher against the Dollar currently. AUD/USD joined USD/JPY’s continued sliding yesterday with both the yen and Australian dollar higher against Greenback currently.

Stock Market news​

Indices	Change
Dow Jones Index	+0.03%
Nikkei Index	-1.21%
Hang Seng Index	-0.59%
Australian Stock Index	-0.33%

Futures on three main US stock indexes are mixed currently with US 10-year Treasury note yields down at 1.766%. US stock market resumed retreating Thursday as Fed Governor Lael Brainard signaled that rates will rise in March to combat inflation while wholesale prices inflation hit a new 12-month record in December. The three main US stock benchmarks recorded daily losses in the range of 0.5% to 2.5% led by tech stocks.

European stock indexes are mixed currently after closing lower Thursday led by household goods shares. Asian indexes are mostly retreating today led by Nikkei as data showed Japan's wholesale inflation accelerated to 8.5% over year in December, the second fastest pace on record.

Commodity Market news​

Commodities	Change
Brent Crude Oil	+0.79%
WTI Crude	+0.73%

Brent is edging higher. Prices ended lower yesterday after the US Energy Information Administration on Wednesday indicating total domestic crude oil inventories fell 4.8 million barrels last week but this decline was more than offset by a stock build across refined products. The US oil benchmark West Texas Intermediate (WTI) ended down 0.6% but is higher currently. Brent crude lost 0.2% to $84.47 a barrel on Thursday.

Gold Market News​

Metals	Change
Gold	+0.26%

Gold prices are rebounding today. February gold slid 0.3% closing at $1821.40 Thursday, recording the first daily drop in five sessions.

 

[IFC Markets]

Stocks mixed following weak US data - 17.1.2022​

Todays’ Market Summary​

• The Dollar strengthening is intact
• Futures on US equity benchmarks are down
• Brent is little changed currently.
• Gold prices are up today

Top daily news​

Global equities are mixed currently after Wall Street ended mixed the second trading week of 2022 on weak retail sales and bank earnings reports. Google shares added 0.64% despite news Google and Facebook made a secret deal in 2018 which allegedly guaranteed Facebook would both bid in and win a fixed percentage of ad auctions, Amazon shares added 0.57% Friday outperforming market.

Forex news​

Currency Pair	Change
EUR USD	-0.01%
GBP USD	+0.04%
USD JPY	-0.14%

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, ended 0.4% higher on Friday after New York Fed President John Williams signaled coming rate increases to combat inflation.

Both GBP/USD and EUR/USD reversed their climbing Friday after the European Commission statistics office Eurostat report euro-zone’s trade surplus turned into deficit in November. Both euro and Pound are higher against the Dollar currently. AUD/USD continued sliding Friday while USD/JPY ended little changed with both yen and the Australian dollar lower against the Greenback currently.

Stock Market news​

Indices	Change
Dow Jones Index	-0.09%
Nikkei Index	+0.13%
Hang Seng Index	-0.96%
Australian Stock Index	+0.27%

Futures on US equity benchmarks are down currently with 10-year US treasury yields at 1.793%. US markets are closed for a holiday in the United States. US stocks ended mixed on Friday as US retail sales fell 1.9% in December and University of Michigan survey showed consumer sentiment fell sharply in January. The three main US stock benchmarks recorded daily returns ranging from -0.56% to +0.59%.

European stock indexes are mixed currently after ending down on Friday led by retail shares. Asian indexes are mostly higher today with Hong Kong’s Hang Seng index defying the regional trend while Chinese blue chips were buoyed by 10 basis point cut in key lending rates by China's central bank.

Commodity Market news​

Commodities	Change
Brent Crude Oil	+0.04%
WTI Crude	+0.05%

Brent is little changed currently. Prices advanced Friday despite oil services firm Baker Highs report US oil rigs rose 11 to 492 last week. West Texas Intermediate (WTI) futures rose 2.1% but is lower currently. Brent crude gained 1.9% to $86.06 a barrel on Friday, posting a 5.4% weekly gain.

Gold Market News​

Metals	Change
Gold	+0.22%

Gold prices are up today. Prices declined on Friday: gold for February delivery slid 0.3% to $1816.50 an ounce, however recording 1.1% gain for the week.

 

[IFC Markets]

Stocks down ahead of US markets reopening - 18.1.2022​

Todays’ Market Summary​

• The Dollar strengthening continues
• Futures on three main US stock indexes are down
• Brent is edging higher currently ahead of data from the American Petroleum Institute later today.
• Gold prices are edging down currently

Top daily news​

Global stocks are mostly in red currently ahead of US market reopening following the Martin Luther King Jr. holiday. Unilever shares fell 4% as the company signaled it would pursue the £50 billion ($68.4 billion) offer for GlaxoSmithKline’s consumer business, GlaxoSmithKline shares rallied 4.13% Monday as it confirmed that it had rejected three bids from the Dove soap maker for the consumer healthcare business and would not engage in talks unless Unilever bumps up its offer.

Forex news​

Currency Pair	Change
EUR USD	-0.09%
GBP USD	-0.01%
USD JPY	+0.21%
AUD USD	-0.11%

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 0.1% on Monday.

Both EUR/USD and GBP/USD continued their sliding Monday despite UK’s largest property portal Rightmove report the average price of a house coming to market is 7.6% higher than in January 2021. Both Pound and euro are lower against the Dollar currently. USD/JPY reversed its sliding yesterday while AUD/USD continued retreating with both yen and the Australian dollar lower against the Greenback currently as the Bank of Japan raised its inflation outlook but maintained ultra-easy policy.

Stock Market news​

Indices	Change
Dow Jones Index	-0.32%
Nikkei Index	-0.5%
Hang Seng Index	-0.87%
Australian Stock Index	-0.29%

Futures on three main US stock indexes are down while US 10-year Treasury yields inched up to 1.852% currently. US markets were closed for a holiday on Monday: the three main stock index benchmarks booked daily returns in the range of -0.56% to +0.59% Friday.

European stock indexes are mixed currently after ending higher Monday led by media shares. Asian indexes are mostly in negative territory today with Hang Seng leading losses while Chinese President Xi Jinping warned about global inflation pressures and the resulting effects of higher interest rates.

Commodity Market news​

Commodities	Change
Brent Crude Oil	+1.68%
WTI Crude	+1.54%

Brent is edging higher currently ahead of data from the American Petroleum Institute later today. Prices rose yesterday despite reports Libya's total oil output was back to 1.2 million barrels per day (bpd) up from about 900,000 bpd last week owing to a blockade of western oilfields. US West Texas Intermediate WTI added 0.6% and is higher currently. Brent gained 05% to $86.48 a barrel on Monday.

Gold Market News​

Metals	Change
Gold	-0.12%

Gold prices are edging down currently. Spot gold added 0.2% to $1818.53 an ounce on Monday.

 

[IFC Markets]

Equities dip after Wall Street retreat - 21.1.2022​

Todays’ Market Summary​

• The Dollar strengthening has halted
• Futures on three main US stock indexes are mixed
• Brent is edging higher.
• Gold prices are edging down

Top daily news​

Equity index futures are mostly in red following a retreat on Wall Street Thursday. Amazon shares lost 2.96% underperforming market despite reports Amazon is opening a first real world clothing store in California, Apple stock lost 1.03% Thursday amid news Apple countersues Ericsson while each company is suing the other for patent infringement.

Forex news​

Currency Pair	Change
EUR USD	+0.2%
GBP USD	-0.24%
USD JPY	-0.21%
AUD USD	-0.2%

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, added 0.1% Thursday despite the US Labor Department report above forecast 286 thousand Americans sought unemployment benefits over the last week, up from 231 thousand the previous week.

Both EUR/USD and GBP/USD reversed their climbing yesterday despite Destatis report producer prices inflation in Germany accelerated in December to highest increase ever. Euro is higher against the Dollar currently while Pound is lower still. AUD/USD continued climbing yesterday while USD/JPY’s continued sliding with the yen higher against the Greenback currently and Australian dollar lower.

Stock Market news​

Indices	Change
Dow Jones Index	+0.22%
Nikkei Index	-0.8%
Hang Seng Index	-0.02%
Australian Stock Index	-1%

Futures on three main US stock indexes are mixed currently with US 10-year Treasury note yields down at 1.776%. US stock market continued retreating Thursday as Treasury Secretary Yellen said she was confident the Federal Reserve would take steps needed to bring down inflation over the course of 2022. The three main US stock benchmarks recorded daily losses in the range of 0.9% to 1.3% led by tech stocks.

European stock indexes are mixed currently after closing higher Thursday led by travel and leisure shares. Asian indexes are mostly retreating today led by Australia’s All Ordinaries ASX 200 Index .

Commodity Market news​

​

Commodities	Change
Brent Crude Oil	+0.4%
WTI Crude	+0.6%

Brent is edging higher. Prices ended lower yesterday after the US Energy Information Administration indicating total domestic crude oil inventories rose by 515 thousand barrels last week accompanied by a stock build across refined products. The US oil benchmark West Texas Intermediate (WTI) lost 6 cents but is higher currently. Brent crude lost 6 cents to $88.38 a barrel on Thursday.

Gold Market News​

Metals	Change
Gold	-0.11%

Gold prices are edging down today. February gold slipped less than 0.1% closing at $1842.60 Thursday.

 

[IFC Markets]

Stocks advance after Wall Street rebound - 31.1.2022​

Todays’ Market Summary​

• The Dollar strengthening has halted
• Futures on US equity benchmarks are up
• Brent is edging up currently.
• Gold prices are down today

Top daily news​

Global equities are rising currently after Wall Street ended sharply higher Friday. Twitter shares jumped 4.23% while the social media platform said it has quit taking action against lies about the 2020 election a day after YouTube removed a Republican congressman's campaign ad claiming it included a 2020 lie, Apple shares rallied 6.98% Friday outperforming market after the company reported record sales in the holiday quarter.

Forex news​

Currency Pair	Change
EUR USD	+0.16%
GBP USD	+0.2%
USD JPY	-0.13%
AUD USD	+0.45%

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, ended flat on Friday after Bureau of Economic Analysis report the personal consumption expenditure index, Fed’s preferred gauge of inflation, ticked up to 5.8% over year in December from 5.7% in November.

Both EUR/USD and GBP/USD reversed their sliding Friday despite the federal statistics office Destatis report German economy contracted by more than expected in the fourth quarter. Both euro and Pound are higher against the Dollar currently. USD/JPY joined AUD/USD’s continued sliding Friday with both yen and the Australian dollar higher against the Greenback currently.

Stock Market news​

Indices	Change
Dow Jones Index	+0.31%
Nikkei Index	+1.2%
GB 100 Index	+0.35%
Australian Stock Index	-0.1%

Futures on US equity benchmarks are up currently with 10-year US treasury yields up at 1.793%. US stocks ended sharply higher on Friday buoyed by Apple report Thursday (after market close) of a record quarterly revenue and higher earnings amid heavy demand for smartphones. The three main US stock benchmarks recorded daily gains ranging from 1.65% to 3.1%.

European stock indexes are up currently after ending down on Friday led by mining shares. Asian indexes are mostly up today with Nikkei leading gains despite Sunday report showed China's factory activity slowed in January while Chinese markets are closed for Lunar New Year holidays.

Commodity Market news​

Commodities	Change
Brent Crude Oil	+0.13%
WTI Crude	+0.4%

Brent is edging up currently. Prices advanced Friday with contracts for near-term delivery of oil priced higher than those for later months, a condition known as backwardation. West Texas Intermediate (WTI) futures added 0.2% and is higher currently. Brent crude rose 0.8% to $90.3 a barrel on Friday, after hitting $91.70, the highest level since October 2014.

Gold Market News​

Metals	Change
Gold	-0.14%

Gold prices are down today. Prices declined on Friday: gold for April delivery slid 0.7% to $1783.10 an ounce, a six-week low.

 

[IFC Markets]

Global stocks recover ground after back to back Wall Street gains - 1.2.2022​

Todays’ Market Summary​

• The Dollar weakening is intact
• Futures on three main US stock indexes are down
• Brent is steady currently ahead of data from the American Petroleum Institute later today.
• Gold prices are edging up currently

Top daily news​

Stocks are mostly rising currently after Wall Street rally continued on Monday. Tesla shares rallied 10.68% after Credit Suisse upgraded the electric automaker to “outperform,” Sony shares rose 3.96% on Monday amid news Sony will buy Bungie, former Microsoft video-game studio, for $3.6B.

Forex news​

Currency Pair	Change
EUR USD	+0.25%
GBP USD	+0.26%
USD JPY	-0.15%
AUD USD	+0.21%

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 0.7% on Monday despite ISM-Chicago report business activity in the Chicago area accelerated in January for the second month in a row.

Both EUR/USD and GBP/USD accelerated their climbing Monday despite report euro zone gross domestic product growth slowed in the fourth quarter of 2021, in line with expectations, to 0.3% over quarter for a 4.6% annual gain. Both Pound and euro are higher against the Dollar currently. AUD/USD reversed its sliding yesterday while USD/JPY accelerated retreating with both yen and the Australian dollar higher against the Greenback currently despite the Reserve Bank of Australia maintaining its cash rate at 0.1% on Tuesday, against market expectations for a rate hike, although the RBA ended its bond buying program as forecast.

Stock Market news​

Indices	Change
Dow Jones Index	-0.09%
Nikkei Index	+0.33%
GB 100 Index	+0.15%
Australian Stock Index	+0.78%

Futures on three main US stock indexes are down ahead of the Institute for Supply Management (ISM) Purchasing Managers' Index report at 16:00 CET today while US 10-year Treasury yields inched down to 1.775% currently. The three main US stock index benchmarks booked daily gains in the range of 1.2% to 3.4% Monday led by consumer discretionary stocks.

European stock indexes are mixed currently after ending sharply higher Monday led by tech shares. Asian indexes are up today in thin trading with markets in mainland China, Hong Kong, South Korea and Singapore closed for a holiday.

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.03%
WTI Crude	-0.01%

Brent is steady currently ahead of data from the American Petroleum Institute later today. Prices advanced yesterday. US West Texas Intermediate WTI rose 1.5% and is little changed currently. Brent gained 1.3% to $91.21 a barrel on Monday.

Gold Market News​

Metals	Change
Gold	+0.32%

Gold prices are edging up currently . April gold added 0.6% to $1796.40 an ounce on Monday, but posted nearly 2% loss for the month Jan

 

[IFC Markets]

Stocks fall after US inflation spike - 11.2.2022​

Todays’ Market Summary​

• The Dollar strengthening is intact
• Futures on three main US stock indexes are retreating
• Brent is extending losses.
• Gold prices are edging down

Top daily news​

Equity index futures are mostly falling currently following a drop on Wall Street Thursday triggered by US inflation jump to 40-year high. Apple stock dipped 2.34% underperforming market, Tesla shares dropped 2.93% Thursday amid news the EV maker is delaying more Model X orders as Elon Musk admits to problems in the production ramp.

Forex news​

Currency Pair	Change
EUR USD	-0.37%
GBP USD	-0.24%
USD JPY	-0.1%
AUD USD	-0.54%

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% Thursday as the US Labor Department reported consumer prices surged 7.5% over-year in January, the biggest annual increase in inflation in 40 years.

Both EUR/USD and GBP/USD continued their climbing yesterday. Euro and Pound are lower against the Dollar currently. USD/JPY resumed its climbing yesterday while AUD/USD reversed its advancing with the Australian dollar lower against the Greenback currently and yen higher.

Stock Market news​

Indices	Change
Dow Jones Index	-0.9%
Nikkei Index	+0.4%
Hang Seng Index	-0.12%

Futures on three main US stock indexes are retreating currently ahead of the preliminary University of Michigan consumer sentiment report at 16:00 CET today. US stock market ended the winning run Thursday after St. Louis Federal Reserve Bank President James Bullard said he now wanted a full percentage point of interest rate hikes by July 1 as the data had made him "dramatically" more hawkish. The three main US stock benchmarks recorded daily losses in the range of 1.5% to 2.1% led by tech stocks.

European stock indexes are down currently after closing lower Thursday led by tech shares. Asian indexes are mostly in red today with Australia’s All Ordinaries ASX 200 Index index leading losses.

Commodity Market news​

Commodities	Change
Brent Crude Oil	-0.15%
WTI Crude	-0.06%

Brent is extending losses. Prices ended mixed yesterday as the Organization of Petroleum Exporting Countries said world oil demand might rise even more steeply this year as the global economy posts a strong recovery. The US oil benchmark West Texas Intermediate (WTI) gained 0.3% but is lower currently. Brent crude lost 0.2% to $91.41 a barrel on Thursday.

Gold Market News​

Metals	Change
Gold	-0.02%

Gold prices are edging down today. April gold added less than 0.1% closing at $1837.40 on Thursday, up five sessions in a row and the longest streak of gains since November.