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 newsEquity 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.
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
|Dow Jones Index||+0.41%|
|Hang Seng Index||-0.29%|
|Australian Stock Index||+0.22%|
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
|Brent Crude Oil||+1.13%|
Gold Market News