Fundamental Analysis from IFC Markets

IFC Markets

Master Trader
Oct 31, 2012
1,933
9
84
London (Great Britain)
www.ifcmarkets.com

Global stocks mixed on Russia-Ukraine tensions - 15.2.2022

Todays’ Market Summary​

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

Top daily news​



Stock index futures are pointing in different directions currently after Wall Street retreat continued on Monday as Secretary of State Antony Blinken said the US embassy would be relocated from Kyiv to Lviv due to "dramatic acceleration in the buildup of Russian forces". Facebook shares lost 0.84% amid news Texas Attorney General is suing Facebook parent Meta - saying the company has unlawfully collected biometric data on Texans, Tesla shares rose 1.83% on Monday outperforming market after reports Tesla is receiving competing bids for building second Gigafactory in China.



Forex news​



Currency Pair Change
EUR USD +0.35%
GBP USD +0.22%
USD JPY +0.04%
AUD USD -0.3%
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 0.3% on Monday.

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





Stock Market news​



Futures on three main US stock indexes are up ahead of the Bureau of Labor Statistics report on US Producer Price Index at 14:30 CET today. The three main US stock index benchmarks booked daily returns in the range of -0.49% to 0.03% Monday as St. Louis Federal Reserve President James Bullard reiterated his call for a faster interest rake hike timeline, saying the central bank's "credibility is on the line" in its battle against rising prices.

European stock indexes are mixed currently after ending sharply lower Monday led by bank shares. Asian indexes are mixed today with Hang Seng index leading losses.

Indices Change
Dow Jones Index -0.07%
Hang Seng Index -0.51%
Australian Stock Index -0.31%









Commodity Market news​





Commodities Change
Brent Crude Oil -1.1%
WTI Crude -1.3%
Brent is edging lower currently ahead of data from the American Petroleum Institute later today. Prices advanced yesterday with United States seeing no "tangible sign" of de-escalation of Russian forces on the Ukraine border. US West Texas Intermediate WTI rose 2.5% but is lower currently. Brent gained 2.2% to $96.48 a barrel on Monday.


Gold Market News​



Metals Change
Gold -0.3%
Gold prices are edging down currently . Spot gold added 0.7% to $1871.10 an ounce on Monday.
 

IFC Markets

Master Trader
Oct 31, 2012
1,933
9
84
London (Great Britain)
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Global stocks track Wall Street rebound - 25.2.2022​


Todays’ Market Summary​

  • The Dollar strengthening has halted
  • Futures on three main US stock indexes are down again
  • Brent is edging up currently.
  • Gold prices are gaining

Top daily news​

Equity index futures are mostly rising currently following a rebound on Wall Street Thursday as West hit Russia with new sanctions. Apple shares regained 1.53% amid news authorized Apple service technicians might be able to make Face ID repairs on iPhone XS and newer phones without needing to replace the entire device, Microsoft stock jumped 5.11% outperforming market on Thursday.



Forex news​



Currency Pair Change
EUR USD +0.02%
GBP USD +0.26%
USD JPY +0.19%
AUD USD +0.29%
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, jumped 0.9% Thursday as the US Labor Department reported 232 thousand Americans sought unemployment benefits over the last week, down from 249 thousand the previous week.

Both GBP/USD and EUR/USD accelerated sharply their retreating. Euro and Pound are higher against the Dollar currently. AUD/USD reversed its climbing while USD/JPY’s reversed its sliding yesterday with both the Australian dollar and yen higher against the Greenback currently.



Stock Market news​



Indices Change
Dow Jones Index -0.34%
Nikkei Index +0.79%
Hang Seng Index -0.5%
Australian Stock Index +0.67%
Futures on three main US stock indexes are down again currently ahead of Federal Reserve’s preferred inflation gauge Personal Consumption Expenditures Index report at 14:30 CET today. US stock market ended sharply higher on Thursday as US President Joe Biden unveiled harsh new sanctions against Russia Moscow began an all-out invasion of Ukraine. The three main US stock benchmarks recorded daily gains in the range of 0.3% to 3.3% led by tech stocks.

European stock indexes futures are mixed currently after closing sharply lower Thursday led by bank shares. Asian indexes are rising mostly today with Nikkei leading gains.





Commodity Market news​



Commodities Change
Brent Crude Oil +0.2%
WTI Crude +1.3%
Brent is edging up currently. Prices ended higher yesterday after Russia launched an all-out invasion of Ukraine by land, air and sea on Thursday. Russia is the second-largest oil exporter, and there were reports at least three major buyers of Russian oil were unable to open letters of credit from Western banks to cover purchases on Thursday. The US oil benchmark West Texas Intermediate (WTI) gained 0.8% and is higher currently. Brent crude rose 2.3% to $99.08 a barrel on Thursday while touching a high of $105.79.





Gold Market News​



Metals Change
Gold +0.44%
Gold prices are gaining today. Spot gold ended 0.25% lower closing at $1902.94 on Thursday, after jumping to $1,974.34, the highest level since September 2020.
 

IFC Markets

Master Trader
Oct 31, 2012
1,933
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84
London (Great Britain)
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Equities rebound while banks and industrial companies act to comply with Russia sanctions - 1.3.2022​



Todays’ Market Summary​

  • The Dollar strengthening is intact
  • Futures on three main US stock indexes are up
  • Brent is rising currently on supply disruption concerns as fighting continued in Ukraine.
  • Gold prices are edging down currently

Top daily news​

Stock index futures are mostly edging up currently as global banks and auto and truck makers including General Motors, Mitsubishi and Daimler Truck announced they suspended business in Russia. Wall street ended mixed on Monday. Apple shares added 0.16% despite news Dutch antitrust regulator levied a sixth fine of €5M against the tech giant for not complying with the order to allow local dating apps to have the option to use third party payment tech, Tesla shares jumped 7.48% on reports the EV maker’s next factory near Berlin is close to receiving approval for commercial production.



Forex news​



Currency Pair Change
EUR USD +0.06%
GBP USD +0.1%
USD JPY -0.04%
AUD USD +0.2%
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 despite ISM-Chicago, Inc report expansion of economic activity in Chicago area slowed more than expected in February.

EUR/USD continued sliding Monday while GBP/USD ended higher. Both Pound and euro are higher against the Dollar currently. USD/JPY reversed its climbing yesterday while AUD/USD ended higher with both the yen and Australian dollar higher against the Greenback currently as the reserve Bank of Australia left policy unchanged.





Stock Market news​



Indices Change
Dow Jones Index +0.16%
Nikkei Index +1.1%
Hang Seng Index +0.13%
Australian Stock Index +0.15%
Futures on three main US stock indexes are up ahead of the Institute for Supply Management’s Manufacturing PMI report at 16:00 CET today. US stock market closed mixed yesterday with bank shares leading losses as many banks said they were talking with government officials to be clear on how sanctions against Russia should work. The three main US stock index benchmarks booked daily returns in the range of -0.5% to +0.4% Monday.

European stock indexes are falling currently after ending sharply lower yesterday led by bank shares on the back of new Western sanctions excluding certain Russian banks from the SWIF international payments system. Asian indexes are rebounding today with Nikkei leading gainers.





Commodity Market news​



Commodities Change
Brent Crude Oil +2.1%
WTI Crude +1.8%
Brent is rising currently on supply disruption concerns as fighting continued in Ukraine. Prices advanced yesterday. Shell on Monday said it would exit all its Russian operations, including the flagship Sakhalin 2 liquid natural gas plant in which it holds a 27.5% stake, and which is 50% owned and operated by Russian gas group Gazprom. Earlier BP had announced at the weekend it was abandoning its 20% stake in state-controlled Rosneft. US West Texas Intermediate WTI rose 4.5% and is higher currently. Brent gained 3.1% to $100.99 a barrel on Monday.





Gold Market News​



Metals Change
Gold -0.16%
Gold prices are edging down currently . Spot gold rose 1.0% to $1908.67 an ounce on Monday.
 

IFC Markets

Master Trader
Oct 31, 2012
1,933
9
84
London (Great Britain)
www.ifcmarkets.com

Equities’ retreat deepens despite strong US February jobs report - 7.3.2022​



Todays’ Market Summary​

  • The Dollar strengthening continues
  • Futures on US equity benchmarks are solidly down
  • Brent jumped over 10% today to 2008 highs amid news the United States, its European allies and Japan are discussing a Russian oil import ban.
  • Gold prices are extending gains today

Top daily news​

Global stocks are all down currently after Wall Street extended losses Friday despite better than expected nonfarm payrolls report. Oil and commodities rise continues while US and European nations are considering Russian oil import ban. Apple shares lost 1.84% underperforming market, Tesla shares slipped 0.12% Friday while the company’s new Brandenburg factory gained conditional approval in Germany to start commercial production.





Forex news​



Currency Pair Change
EUR USD -0.4%
GBP USD -0.2%
USD JPY +0.1%
AUD USD +0.5%
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, rose 0.7% on Friday despite Bureau of Labor Statistics data showed US unemployment rate dipped to 3.8% while US employers added 678,000 workers to their payrolls in February.

Both EUR/USD and GBP/USD accelerated their retreating Friday as the EU statistics office Eurostat reported a slower than expected recovery in retail sales for January after 2.7% decline over month in December. Both euro and Pound are lower against the Dollar currently. AUD/USD accelerated its climbing Friday while USD/JPY accelerated its retreating with the yen lower against the Greenback currently and Australian dollar higher still.



Stock Market news​



Indices Change
Dow Jones Index -1.1%
Nikkei Index -2.6%
Hang Seng Index -3.2%
Australian Stock Index -1%
Futures on US equity benchmarks are solidly down currently with 10-year US treasury yields down at 1.692%. US stocks continued retreating on Friday as Federal Reserve Bank of Chicago President Charles Evans said Fed should increase interest rates to close to its “neutral” setting this year, implying as many as seven quarter-point hikes. The three main US stock benchmarks recorded daily losses ranging from 0.5% to 1.7% led by travel stocks .

European stock indexes are in red currently after ending sharply lower on Friday led by bank shares. President Vladimir Putin warned that fighting in Ukraine would continue and signed a decree allowing the government and companies to pay foreign creditors in rubles. At the same time the Ministry of Finance warned that sanctions will determine if international investors are able to collect payments. Asian indexes are sharply lower today with Hong Kong’s Hang Seng index leading losses while Customs General Administration of China data showed China’s trade surplus growth exceeded expectations in December to February period.





Commodity Market news​



Commodities Change
Brent Crude Oil +8.2%
WTI Crude +6.3%
Brent jumped over 10% today to 2008 highs amid news the United States, its European allies and Japan are discussing a Russian oil import ban. Russia is the world's top exporter of crude oil and oil products combined, with exports at around 7 million barrels per day accounting for 7% of global supply. Traders are concerned about a potential delay in reaching a nuclear deal with Iran after Russia demanded yesterday for a US guarantee that the sanctions it faces over the Ukraine conflict will not hurt its trade with Tehran. The US responded by pointing that the sanctions imposed on Russia over its Ukraine invasion have nothing to do with a potential nuclear deal with Iran. Prices rose on Friday. West Texas Intermediate (WTI) futures rallied 7.4% and are higher currently. Brent crude gained 6.9% to $118.11 a barrel on Friday.





Gold Market News​



Metals Change
Gold +0.8%
Gold prices are extending gains today as they exceeded the $2,000 mark for the first time in a year and a half on rising haven demand. Prices rose on Friday: spot gold advanced 1.8% to $1970.95 an ounce.
 

IFC Markets

Master Trader
Oct 31, 2012
1,933
9
84
London (Great Britain)
www.ifcmarkets.com

The United States has refused to import Russian oil and gas - 9.3.2022​



Todays’ Market Summary​

  • Today, the US dollar index is declining for the 2nd day in a row.
  • Yesterday, US stock indices fell for the second day in a row.
  • Today, oil is rising in price for the 4th day in a row.
  • Quotes of precious metals showed strong growth on Tuesday due to the continuation of the military conflict in Ukraine.

Top daily news​

On Tuesday, the US dollar index fell on the back of a record trade deficit in January 2022 in the US. In addition, the decision to ban the import of Russian oil may spur US inflation. It was adopted with the aim of tightening anti-Russian sanctions. The tightening of mutual sanctions between Western countries and Russia caused a fall in stock indices and an increase in precious metals quotations.

Forex news​



Currency Pair Change
EUR USD +0.5%
GBP USD +0.3%
USD JPY +0.11%
Today, the US dollar index is declining for the 2nd day in a row. This was supported by weak economic data. In January, the deficit of the United States Trade Balance updated a historical record and amounted to -$89.7 billion. In addition, on Tuesday, US President Joe Biden imposed a ban on Russian oil imports to the United States. This led to a strong increase in motor fuel prices in the US, which will continue to increase inflation. We can also note the strengthening of the euro for the 2nd day in a row before the regular meeting of the European Central Bank (ERB), which will be held tomorrow, March 10th. Investors do not exclude any positive statements against the backdrop of the economic and political crisis in Europe due to Ukraine. However, it must be said that there are signs of a slight stabilization. President of Ukraine Valdimir Zelensky said he was ready for more active negotiations with Russia. He did not rule out the discussion of the recognition of Crimea and Donbass, and also said that Ukraine no longer aspires to join NATO. This had a positive impact not only on the euro, but also on the currencies of all other European countries, including the British pound, Swiss franc and others. Tomorrow the Foreign Ministers of Russia and Ukraine will hold talks. This morning Japan released unexpectedly weak data on GDP (+4.6%) for the 4th quarter in the 2nd estimate (GDP Final). This contributed to the weakening of the yen for the 3rd day in a row.

Bitcoin has risen in price for the 2nd time in a row today. Investors are waiting this week for the publication of an executive order by US President Joe Biden, designed to support the crypto market and make it safer. The presidential administration has been working on this document since January. We note the decrease in the impact of the Ukrainian conflict on bitcoin. Crypto exchange Binance has stated that it will not conduct transactions with Mastercard and Visa credit cards of Russian participants. This did not have a noticeable impact on cryptocurrency quotes.



Stock Market news​



Indices Change
Dow Jones Index -0.56%
S&P 500 -0.73%
Nasdaq 100 -0.28%
US Dollar Index -0.37%
Yesterday, US stock indices fell for the second day in a row. Many corporations such as Procter & Gamble (-4%), Microsoft (-1.1%), Netflix, Walt Disney, Coca-Cola (-4%), PepsiCo (-2.8%), McDonald's (-0 .7%), Yum Brands (KFC) and others, announced a voluntary restriction of their work in Russia against the backdrop of Western sanctions. This negatively affected their shares. In addition, the Russian government has imposed retaliatory sanctions against Western companies, including American ones. However, now futures for US stock indices are growing thanks to the statement by Ukrainian President Volodymyr Zelensky about his readiness to discuss Russia's demands. Today in the US is not expected to publish significant economic statistics.





Commodity Market news​



Commodities Change
WTI Crude +0.6%
Brent Crude Oil +0.93%
Natural Gas Prices +0.97%
COPPER -0.24%
Today, oil is rising in price for the 4th day in a row. WTI quotes are approaching the historical maximum of $147 per barrel, which was in July 2008. Recall that almost immediately after this, the global economic crisis began (autumn 2008). U.S. President Joe Biden banned the import of Russian oil and gas into the United States. Its share in US imports is 8%, or about 1.63 million barrels per day. Now investors expect a reduction in oil production in Russia. This is the main factor in the growth of quotations. A negative factor for them was the announcement of the American Petroleum Institute on the increase in oil reserves in the US for the week by 2.81 million barrels.





Gold Market News​



Metals Change
Gold +0.43%
Silver/US Dollar +0.42%
Quotes of precious metals showed strong growth on Tuesday due to the continuation of the military conflict in Ukraine. An additional growth factor was the new mutual sanctions of Western countries and Russia, which could jeopardize global stability. The price of gold has updated its maximum since August 2020 and has confidently overcome the psychological level of $2,000 per ounce. Now this is the support level. Quotes of palladium have updated the historical maximum. Russia produces 40% of this metal in the world. Theoretically, it could cut palladium production due to Western sanctions.
 

IFC Markets

Master Trader
Oct 31, 2012
1,933
9
84
London (Great Britain)
www.ifcmarkets.com

Global stocks fall after US reports surging inflation - 11.3.2022​


Todays’ Market Summary​

  • The Dollar strengthening is intact
  • Futures on three main US stock indexes are down again
  • Brent is rebounding currently.
  • Gold prices are edging down

Top daily news​

Equity index futures are in red currently following a slump on Wall Street Thursday as US inflation surged to 40-year high. Amazon shares jumped 5.41% despite news House Judiciary Committee wrote to Attorney General alleging Amazon lied to Congress over whether it used data it collected from third-party sellers , Microsoft stock lost 1.01% underperforming market on Thursday.

Forex news

Currency Pair Change
EUR USD -0.14%
GBP USD -0.22%
USD JPY +0.72%
AUD USD 0.3%
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 0.5% Thursday as the annual rate of inflation ticked up to 7.9%, a new 40 year high.

Both GBP/USD and EUR/USD reversed their climbing Thursday despite European Central Bank statement it will stop bond buying in the third quarter. Euro and Pound are lower against the Dollar currently. Both USD/JPY and AUD/USD continued their rising yesterday with yen higher against the Greenback currently and Australian dollar lower.





Stock Market news​



Indices Change
Dow Jones Index -0.11%
Nikkei Index -1.1%
Hang Seng Index -1.6%
Australian Stock Index -0.6%
Futures on three main US stock indexes are down again currently ahead of preliminary University of Michigan consumer sentiment report at 16:00 CET today. US stock market dipped on Thursday on rising inflation while Treasury Secretary Yellen commented it was likely inflation would stay uncomfortably high this year. The three main US stock benchmarks recorded daily losses in the range of 0.3% to 1.0% led by tech stocks.

European stock indexes futures are mixed currently after closing solidly lower Thursday led by auto shares. United States, together with the Group of Seven nations and the European Union, are expected to revoke Russia's "most favored nation" status today over its invasion of Ukraine. Asian indexes are mixed today with Hong Kong’s Hang Seng index leading losses after US-listed Chinese stocks tumbled over concerns Chinese firms could be de-listed in the United States.





Commodity Market news​



Commodities Change
Brent Crude Oil +1.5%
WTI Crude +1.6%
Brent is rebounding currently. Prices ended down yesterday as Russia pledged to fulfil contractual obligations. Russian President Vladimir Putin told a meeting that the country would continue to meet its contractual obligations on energy supplies. The US oil benchmark West Texas Intermediate (WTI) retreated 2.6% but is higher currently. Brent crude lost 1.6% to $109.33 a barrel on Thursday.





Gold Market News​



Metals Change
Gold +0.09%
Gold prices are edging down today. Spot gold ended 0.27% higher closing at $1996.59 on Thursday.
 

IFC Markets

Master Trader
Oct 31, 2012
1,933
9
84
London (Great Britain)
www.ifcmarkets.com

Equities mixed while oil dips on Russia-Ukraine talks hopes - 14.3.2022​



Todays’ Market Summary​

  • The Dollar strengthening continues
  • Futures on US equity benchmarks are up
  • Brent is retreating today on Russia-Ukraine talks progress hopes.
  • Gold prices are extending losses today

Top daily news​

Global stocks are pointing in different directions currently while oil prices retreat as both Russians and Ukrainians gave upbeat assessment prospects for talks. Wall Street extended losses Friday after worse than expected University of Michigan consumers sentiment report. Facebook shares lost 3.89% underperforming market while Meta it said it would temporarily ease its policy on violent speech over the war in Ukraine allowing statements like "death to Russian invaders", Tesla shares sank 5.12% Friday while the company’s tripled the Model Y delivery time for orders if the $12,000 full self-driving (FSD) option is not added on.





Forex news​



Currency Pair Change
EUR USD +0.11%
GBP USD -0.03%
USD JPY +0.18%
AUD USD -0.48%
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, rose 0.1% on Friday despite University of Michigan preliminary report showing consumers sentiment deteriorated to new post-COVID lows in March.

Both EUR/USD and GBP/USD continued their retreating Friday despite the Office for National Statistics report UK industrial production expansion accelerated in January. Pound is lower against the Dollar currently while euro is higher. AUD/USD reversed its climbing Friday while USD/JPY accelerated its climbing with both the yen and Australian dollar lower against the Greenback currently.





Stock Market news​



Indices Change
Dow Jones Index +0.06%
Nikkei Index +0.08%
Hang Seng Index -2.1%
Australian Stock Index +0.3%
Futures on US equity benchmarks are up currently with 10-year US treasury yields up at 2.046%. US stocks broadened their retreat on Friday while the University of Michigan’s survey of consumers showed US consumer inflation expectations one year forward rose to 5.4%, the highest in forty years for the survey. The three main US stock benchmarks recorded daily losses ranging from 0.7% to 2.2% led by tech stocks.

European stock indexes are higher currently after ending higher on Friday led by travel and leisure shares. President Vladimir Putin said Friday “certain positive shifts” had occurred in the talks between the Kremlin and Ukraine. Asian indexes are mixed today with Hong Kong’s Hang Seng index leading losses while mainland Chinese blue chips index edged up.



Commodity Market news​



Commodities Change
Brent Crude Oil -1.8%
WTI Crude -2%
Brent is retreating today on Russia-Ukraine talks progress hopes. Traders are waiting for resumption of Iran nuclear deal talks after Russia insistence on "blanket guarantee" that the Western sanctions imposed on its economy following its invasion of Ukraine would not affect its trade with Iran prevented the completion of talks last week. The US responded by pointing that the sanctions imposed on Russia over its Ukraine invasion have nothing to do with a potential nuclear deal with Iran. Prices fell on Friday. West Texas Intermediate (WTI) futures rose 3.1% but is lower currently. Brent crude gained 3.1% to $112.67 a barrel on Friday.







Gold Market News​



Metals Change
Gold -0.3%
Gold prices are extending losses today. Prices slid on Friday: spot gold dipped 0.4% to $1988.23 an ounce.
 

IFC Markets

Master Trader
Oct 31, 2012
1,933
9
84
London (Great Britain)
www.ifcmarkets.com

Chinese stocks lead equities losses ahead of Fed meeting - 15.3.2022​



Todays’ Market Summary​

  • The Dollar strengthening has halted
  • Futures on three main US stock indexes are mixed
  • Brent is extending losses currently.
  • Gold prices are retreating currently

Top daily news​

Stock index futures are mostly retreating currently ahead of Fed’s two-day meeting starting today. Chinese stocks are leading losses after Wall Street ended mixed on Monday. Apple shares dropped 2.7% underperforming market after Foxconn, its supplier, suspended operations in China's Shenzhen amid rising Covid-19 cases, Microsoft shares lost 1.3% despite technology giant’s announcement it has made technological breakthrough that could enable new type of quantum chip.





Forex news​



Currency Pair Change
EUR USD +0.5%
GBP USD +0.2%
USD JPY +0.2%
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, gained 0.06% on Monday.

EUR/USD reversed its retreating Monday while GBP/USD continued sliding as federal statistics agency Destatis reported wholesale prices in Germany continued rising in February. Both euro and Pound are higher against the Dollar currently. USD/JPY continued its advancing yesterday while AUD/USD accelerated its sliding with both the yen and Australian dollar lower against the Greenback currently.



Stock Market news​



Indices Change
Dow Jones Index -0.5%
Nikkei Index +0.05%
Hang Seng Index -3.6%
Australian Stock Index -0.4%
Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year Treasury notes up at 2.145% compared with its US close of 2.14% on Monday. US stock market closed mixed yesterday with tech shares still loss leaders ahead of expected decision by Fed to raise rates for the first time in three years tomorrow. The three main US stock index benchmarks booked daily returns in the range of -2.04% to 0.06% Monday.

European stock indexes are mixed currently after rebounding yesterday led by bank and autos shares ahead of further talks between Russian and Ukrainian negotiators. Asian indexes are retreating today with Hong Kong’s Hang Seng index leading losses as investors worry China’s growth in the first quarter may be much lower than the official target of 5.5% as the National Health Commission reported today 3,602 new confirmed coronavirus cases compared with 1,437 on Monday.



Commodity Market news​



Commodities Change
Brent Crude Oil -4.4%
WTI Crude -5.2%
Brent is extending losses currently. Prices slumped yesterday amid optimism as Russian and Ukrainian delegations held a fourth round of talks on Monday by video link. Possibility of lower Chinese demand for oil as the COVID cases rise in the country - increasing the likelihood of shutdowns, is another bearish factor for oil prices. US West Texas Intermediate WTI dropped 5.8% and is lower currently. Brent sank 5.1% to $106.90 a barrel on Monday.







Gold Market News​



Metals Change
Gold -1.2%
Gold prices are retreating currently . Spot gold fell 1.9% settling at $1950.00 an ounce on Monday, ahead of Fed policy meeting that is expected to conclude by raising interest rates.
 

IFC Markets

Master Trader
Oct 31, 2012
1,933
9
84
London (Great Britain)
www.ifcmarkets.com

Fed meeting to be held today - 16.3.2022​


Todays’ Market Summary​

  • Today, the US dollar index is slightly reduced for the 2nd day in a row.
  • Yesterday, US stock indices rose.
  • On Tuesday, oil prices fell for the 2nd day in a row.
  • Quotes of precious metals fell yesterday for the third consecutive day.

Top daily news​

Market participants did not come to a consensus on the actions of the American regulator. U.S. The Federal Reserve may raise the rate (0.25%) at today's meeting either by 0.25% or by 0.5% at once. This morning, the prevailing view is that the rate will rise by only 0.25%. Against this background, stock index futures are growing and the US currency is slightly weakening. Oil fell due to several reasons. The main one is the risk of a reduction in global demand for hydrocarbons due to a new epidemic of coronavirus in China.





Forex news​



Currency Pair Change
EUR USD +0.06%
GBP USD +0.03%
USD JPY +0.07%
Today, the US dollar index is slightly reduced for the 2nd day in a row. Market participants did not come to a consensus on the actions of the American regulator. U.S. The Federal Reserve may raise the rate (0.25%) at today's meeting both by 0.25% and immediately by 0.5%. In any case, it will still be well below inflation, which hit a 40-year high and hit 7.9% y/y in February. In 2022, investors do not exclude a further gradual increase in the Fed rate to 2% by the end of the year. For a more significant strengthening of the US currency, a slowdown in the growth of consumer prices is necessary. For now, this is not happening. The United States Consumer Price Index has been rising steadily since May 2020. An additional negative for the US dollar was yesterday's data on the rise in the producer price index (U.S. Producer Price Index) to 10% y/y in February. This morning in Japan came out weak data on foreign trade for February. The seasonally adjusted (Adjusted) trade deficit amounted to -1.03 trillion yen and approached the maximum of May 2020 (the beginning of the coronavirus epidemic). This could negatively affect the yen.

Bitcoin has been trading in a relatively narrow range around $40,000 for 4 weeks now. Restrictions imposed by Western countries on Russian miners and players have caused a general decline in the activity of the crypto market. UK-based blockchain firm Elliptic has reported the discovery of significant crypto assets that could be linked to Russian owners subject to Western sanctions.





Stock Market news​



Indices Change
Dow Jones Index +1.82%
S&P 500 +2.14%
Nasdaq 100 +2.92%
US Dollar Index -0.16%
Yesterday, US stock indices rose. This was facilitated by the correction of world prices for oil and other raw materials. Investors also reacted positively to the slowdown in the PPI growth in February in monthly terms to 0.8% from 1.2% in January. They believe that the Fed's rate hike will not have much of a negative impact on corporations against the backdrop of a powerful rise in the cost of industrial products. In addition, now most investors are hoping that the rate hike will be 0.25% rather than 0.5%. Against this background, this morning the US dollar index is falling and futures for stock indices are growing. Starbucks shares rose nearly 5% on plans to install electric vehicle charging stations at its cafes and restaurants. In addition to the Fed meeting, today the US will publish economic data on retail sales in February and business inventories in January. Forecasts are moderately positive.





Commodity Market news​



Commodities Change
WTI Crude +2.22%
Brent Crude Oil +3.04%
Natural Gas Prices +3.59%
COPPER +0.91%
On Tuesday, oil prices fell for the 2nd day in a row. The main reason for this was the new spread of the coronavirus in China, which is the world's 2nd oil consumer after the United States. Market participants fear that the Chinese authorities will impose a quarantine and this will reduce global demand for oil. Russia has held talks with Iran and said it is in favor of an early lifting of Western sanctions against Iran imposed because of the "nuclear deal". This may increase the production of Iranian oil. An additional negative factor was the announcement by the American Petroleum Institute of an increase in US oil inventories by 3.8 million barrels over the week. Their growth is observed for the 2nd consecutive week.

Quotes of wheat and corn rose yesterday due to the lack of much progress in the talks between Russia and Ukraine. These two countries account for 25% of world wheat exports and 16% of corn. Risks of reduced export supplies of grain caused an increase in prices for rice.





Gold Market News​



Metals Change
Gold -0.64%
Silver/US Dollar -0.33%
Quotes of precious metals fell yesterday for the third consecutive day. This is facilitated by the growth in the yield of 10-year U.S. Treasury to almost 2.2% y/y, the highest since May 2019. Recall that at that time gold was noticeably cheaper than it is now. It cost about $1,300 per ounce, but inflation in the US was also much lower than the current one, at 1.8% y/y. Investors are expecting today's Fed rate hike. An additional negative factor was the announcement of the Bank of Russia (central bank of the Russian Federation) to suspend the purchase of gold from Russian banks from March 15. This is done so that they would start selling the precious metal to the population. It is possible that against the background of such a decision by the Central Bank of the Russian Federation, part of Russian commercial gold hit the world market.
 

IFC Markets

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Oct 31, 2012
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No single trend in global stocks after hawkish Powell comments - 22.3.2022​


Todays’ Market Summary​

  • The Dollar strengthening is intact
  • Futures on three main US stock indexes are down
  • Brent is extending gains currently as some European Union members discussed a potential oil embargo on Russia.
  • Gold prices are retracing down currently as bond yields climb higher on aggressive Fed stance

Top daily news​

Stock index futures are mixed currently after Wall Street dipped on Monday following hawkish Powell comments. Apple shares added 0.85% outperforming market despite reports thousands of users experienced problems after outage hit nearly a dozen services, Microsoft shares slid 0.42% on Monday on back of reports the hacking group Lapsus$, which often demands ransom payments from the large corporations that it infiltrates, claims that it has gained access to technology giant’s internal systems.



Forex news​



Currency Pair Change
EUR USD -0.13%
GBP USD -0.2%
USD JPY +0.71%
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 0.3% on Monday after Powell said central bank must move "expeditiously" to combat inflation.

GBP/USD joined EUR/USD’s continuing slide on Monday as Rightmove data showed change in the asking price of homes for sale in UK slowed in March. Both euro and Pound are lower against the Dollar currently. USD/JPY continued its advancing yesterday while AUD/USD reversed its climbing with both the yen and Australian dollar lower against the Greenback currently.





Stock Market news​



Indices Change
Dow Jones Index -0.24%
Nikkei Index +1.05%
Hang Seng Index +2.43%
Australian Stock Index +0.24%
Futures on three main US stock indexes are down currently with the yield on benchmark 10-year Treasury notes up at 2.333%. US stock market closed lower yesterday after Fed chair Powell said the central bank will raise rates more aggressively and is prepared to hike interest rates by a half percentage point at its next policy meeting if needed. The three main US stock index benchmarks booked daily losses in the range of 0.04% to 0.58% Monday.

European stock indexes are mixed currently after ending higher yesterday led by mining shares. Asian indexes are up today with Hong Kong’s Hang Seng index leading gains as China’s State Council pledged stronger monetary policy support on Monday.





Commodity Market news​



Commodities Change
Brent Crude Oil +0.1%
WTI Crude +0.3%
Brent is extending gains currently as some European Union members discussed a potential oil embargo on Russia. Prices rallied yesterday as European Union nations disagreed on whether to join the United States in a Russian oil embargo. US West Texas Intermediate WTI rose 7.09% and is higher currently. Brent jumped 7.12% to $115.62 a barrel on Monday.







Gold Market News​



Metals Change
Gold -0.1%
Gold prices are retracing down currently as bond yields climb higher on aggressive Fed stance. Spot gold gained 0.77% settling at $1935.99 an ounce on Monday.
 

IFC Markets

Master Trader
Oct 31, 2012
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US labor market data from ADP to be published today - 30.3.2022​


Todays’ Market Summary​

  • On Tuesday, the US dollar index fell sharply.
  • Yesterday, US stock indices continued to rise.
  • On Tuesday, oil quotes declined markedly during trading, but still rose at the end of the day.
  • Quotes of precious metals yesterday almost repeated the dynamics of oil.

Top daily news​

Russia announced the reduction of military activity in Ukraine. This caused the US dollar index to fall due to the strengthening of the euro and several other currencies, including the yen. Signs of weakening of the Ukrainian-Russian conflict contributed to the growth of stock indices. Quotations of oil and gold have not changed.



Forex news​



Currency Pair Change
EUR USD +0.49%
GBP USD +0.36%
USD JPY -0.91%
On Tuesday, the US dollar index fell sharply. There was no particular negative in the USA, but there was a positive in Europe and Japan. This caused a strong strengthening of the euro and the yen. Russia has announced a reduction in military activity in Ukraine. Investors believe that the European Central Bank (ECB) may increase the rate (0%) immediately after the end of the Ukrainian conflict due to record inflation in the EU. The preliminary Germany Consumer Price Index (CPI) for March will be published today. It will help clarify the forecast for the future growth of the ECB rate. In February, inflation in Germany amounted to 5.1% y/y. Its growth is expected to continue, which contributes to the strengthening of the euro today. The strengthening of the yen was supported by yesterday's statements by the Japanese authorities that a too weak exchange rate could damage the economy. Investors have decided that the Bank of Japan (BOJ) may raise the rate (-0.1%) if USDJPY exceeds the psychological level of 130. Weak Japan Retail Sales for February (-0.8% y/y) came out this morning. This increased the likelihood of a BOJ rate hike and the yen continued to appreciate.

Bitcoin stopped growing yesterday. For 2 weeks, it went up by about $10 thousand (+27%). Players are trying to assess the impact of a reduction in political tensions in Europe amid signs of the Ukrainian conflict fading. In general, the growing trend continues, as more and more countries legalize the cryptocurrency market.





Stock Market news​



Indices Change
Dow Jones Index +0.97%
S&P 500 +1.23%
Nasdaq 100 +1.84%
US Dollar Index -0.49%
Yesterday, US stock indices continued to rise. This was facilitated by signs of a weakening of the Ukrainian-Russian conflict, as well as a possible decrease in world energy prices. Another positive was the signs of economic growth. The number of vacancies in the US labor market (United States JOLTS Job Openings) in February approached an all-time high of 11.27 million CB Consumer Confidence (107.2) in March was better than expected. Today in the US there will be important data on the labor market ADP National Employment Report for March. They will help refine the forecast for the official Non Farm Payrolls figure, which will be released on Friday, April 1. In addition, the United States Gross Domestic Product (GDP) for the 4th quarter of 2021 will be released today in the 3rd reading. The forecast for ADP (+238 thousand) is negative, so futures for US stock indices are now trading down.





Commodity Market news​



Commodities Change
WTI Crude +1.96%
Brent Crude Oil +1.87%
COPPER +1.04%
Natural Gas Prices +0.56%
On Tuesday, oil quotes declined markedly during trading, but still rose at the end of the day. WTI fell below $100 per barrel. Now this is a strong support level, and US oil is trading higher. At first, quotes fell due to peace-loving statements by Russia about the reduction of military activity in Ukraine. Recall that Russia is in 2nd place in terms of oil exports, in 1st place - Saudi Arabia and in 3rd place - Iraq. Next come Kuwait and the United Arab Emirates. In addition, investors reacted to the new lockdown in China due to the coronavirus outbreak. Yesterday's negative on the oil market did not last very long. A positive factor for the quotes was the announcement of the American Petroleum Institute on the reduction of oil reserves in the US for the week by 3 million barrels. In addition, investors doubt that OPEC + will increase production beyond the planned level of +400 thousand barrels per day at the next meeting on Thursday, March 31.







Gold Market News​



Metals Change
Gold +0.48%
Silver/US Dollar +1.08%
Quotes of precious metals yesterday almost repeated the dynamics of oil. They were noticeably declining at the beginning of trading, but at the end of the day they won back almost all their losses. This was facilitated by the fall of the US dollar index, as well as a decrease in the yield of the U.S. 10-year Treasury up to 2.35% per annum. On March 28, it renewed the 3-year maximum and amounted to 2.557% per annum. Another positive factor was the decision of the Central Bank of the Russian Federation to resume buying gold from Russian commercial banks. Theoretically, this could facilitate financial settlements when selling Russian natural gas to Europe for rubles.
 

IFC Markets

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Oct 31, 2012
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Global stocks rise as do US 2-year yields - 4.4.2022​



Todays’ Market Summary​



  • The Dollar strengthening continues
  • Futures on US equity benchmarks are up
  • Brent is edging up today over persistent supply worries.
  • Gold prices are rebounding today

Top daily news​

Equities are mostly advancing currently with US 2-year Treasury yields climbing intact. Wall Street gained on Friday following good jobs report. Google shares rose 0.75% while the company said Microsoft’s dominance in government technology and security is a problem, Amazon shares added 0.35% Friday amid news workers at Amazon’s New York City warehouse voted to launch the first American union at the e-commerce giant.





Forex news​



Currency Pair Change
EUR USD -0.05%
GBP USD +0.19%
USD JPY +0.05%
AUD USD +0.21%
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, added 0.2% on Friday after Bureau of Labor Statistics data showing US employers added 431,000 positions in March.

GBP/USD joined EUR/USD’s continued sliding Friday despite the Eurostat report euro area inflation accelerated more in March than expected. Euro is lower against the Dollar currently while Pound is up. Both AUD/USD and USD/JPY reversed their retreating Friday with the yen lower against the Greenback currently and Australian dollar higher still.



Stock Market news​



Indices Change
Dow Jones Index +0.03%
Nikkei Index +0.02%
Hang Seng Index +0.79%
Australian Stock Index -0.28%


Futures on US equity benchmarks are up currently ahead of the US factory orders report today at 16:00 CET. US stocks ended higher on Friday while the Institute for Supply Management reported the US manufacturing sector's expansion slowed last month amid rising energy prices. the three main US stock benchmarks recorded daily gains ranging from 0.3% to 0.4% while 2-year Treasury yield exceeded the 10-year rate, forming a ‘yield curve’ inversion that could signal a recession.

European stock indexes are mixed currently after ending higher on Friday led by mining shares. Asian indexes are mostly up today with Hong Kong’s Hang Seng index leading gainers with markets in mainland China closed for a public holiday.





Commodity Market news​



Commodities Change
Brent Crude Oil +1.67%
WTI Crude +0.82%


Brent is edging up today over persistent supply worries. Prices fell on Friday after members of the International Energy Agency (IEA) agreed to join in the largest-ever U.S. oil reserves release. However they did not agree on volumes or the commitments of each country at their emergency meeting. West Texas Intermediate (WTI) futures slid 1% but is higher currently. Brent crude slipped 0.3% to $104.39 a barrel on Friday.







Gold Market News​



Metals Change
Gold +0.18%
Gold prices are rebounding today. Prices ended down on Friday: spot gold slid 0.6% to $1924.30 an ounce.
 

IFC Markets

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Oct 31, 2012
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Fed plans further tightening of monetary policy - 6.4.2022​



Todays’ Market Summary​

  • Today, the US dollar index has been rising for the 5th day in a row.
  • Yesterday the US stock indexes went down.
  • On Tuesday, oil quotes fell slightly.
  • Quotes of precious metals fell slightly yesterday against the background of the strengthening of the US dollar.

Top daily news​

The US dollar index has been rising for the 5th consecutive day. It hit a new high since May 2020. This is facilitated by positive economic indicators and expectations of further growth of the rate. Yesterday the American stock indexes have gone down. The publication of corporate reports for the 1st quarter of 2022 will start next week in the US. Refinitiv expects S&P 500 total earnings to grow 6.4%. It should be noted that the S&P 500 index itself rose by 12% over the year. U.S. West Texas Intermediate (WTI) has not been able to break down the psychological support level of $100 per barrel. Investors are awaiting official data on US oil inventories from the EIA.





Forex news​



Currency Pair Change
EUR USD +0.17%
GBP USD +0.2%
USD JPY +0.18%
Today, the US dollar index has been rising for the 5th day in a row. It hit a new high since May 2020. The catalyst for this positive trend was the good macroeconomic data published at the end of last week: United States Gross Domestic Product (+6.9% q/q in 4Q 2021) and Nonfarm Payrolls (+431 thousand in March). Yesterday ISM Non-Manufacturing PMI for March was released in the US. It rose to 58.3 points from 56.5 points in February. Yesterday the Reserve Bank of Australia met. He kept the rate at 0.1%, but this did not prevent the strengthening of the Australian dollar. Recall that inflation in Australia is 3.5% y / y according to the data for the 4th quarter of 2021. The euro exchange rate has been declining for the 5th day in a row today. In addition to the risks of a military conflict in Ukraine, the presidential elections in France added to the negative. Investors fear a victory for right-wing candidate Marine Le Pen. According to polls, she ranks 2nd behind the incumbent President of France Emmanuel Macron.

Bitcoin slightly declines for the 3rd day in a row. Investors reacted negatively to the decision of the United States Securities and Exchange Commission (SEC) to reject the application for the creation of another ETF fund based on bitcoins - ARK 21 Shares. The Central Bank of Russia refused to soften the conditions for the circulation and mining of cryptocurrency in Russia, calling bitcoin a financial pyramid. Recall that in February, Bloomberg estimated the amount of cryptocurrency held by Russian players at $214 billion.





Stock Market news​



Indices Change
Dow Jones Index -0.8%
S&P 500 -1.26%
Nasdaq 100 -2.26%
US Dollar Index -0.02%
Yesterday the US stock indexes went down. The main reason for this was the U.S. Federal Reserve Governor Lael Brainard and San Francisco Fed President Mary Daly on the need to raise the rate (0.5%) and tighten monetary policy. According to CME FedWatch, the probability of a rate increase at the May 4 meeting, immediately by 0.5% to 1%, has now reached 76.7%. Whereas on March 1 it was only 27%. An increase in the Fed's rate may increase the credit burden of US corporations. Yesterday, the fall leaders were the sectoral indices Dow Jones Technology and Consumer Goods. They are down about 2%. The leaders of the fall were also Boeing (-4.5%) and Intel (-2.1%). They may suffer from anti-Russian sanctions related to air travel and equipment supplies. The growth leaders were the shares of the social network Twitter (+2%), which invited Elon Musk (the founder of Tesla) to its board of directors. Futures for US stock indices are now trading lower. Investors are waiting for the publication of the materials of the March meeting of the Federal Open Market Committee (FOMC) Minutes. The publication of corporate reports for the 1st quarter of 2022 will begin next week in the United States. Refinitiv expects S&P 500 earnings to rise 6.4%. Note that the S&P 500 itself rose by 12% over the year.







Commodity Market news​



Commodities Change
WTI Crude +1.29%
Brent Crude Oil +1.25%
Natural Gas Prices +1.51%
COPPER -0.33%
On Tuesday, oil quotes fell slightly. This was due to the message of the American Petroleum Institute on the increase in oil reserves in the US for the week by 1.08 million barrels. However, this morning oil is getting more expensive as economic sanctions could reduce its production in Russia. U.S. West Texas Intermediate (WTI) failed to break down the psychological support level of $100 per barrel. Natural gas in the US has risen in price by 15% over the week due to increased production and exports of liquefied natural gas (LNG) to Europe. Earlier, the European Union limited purchases of Russian pipeline gas under sanctions and is now replacing it with American LNG.







Gold Market News​



Metals Change
Gold -0.15%
Silver/US Dollar -0.49%
Quotes of precious metals fell slightly yesterday against the background of the strengthening of the US dollar. After hawkish statements by the Fed about the need for further rate hikes, U.S. The 10-year Treasury renewed its 3-year high and reached 2.63% per annum. However, there is no significant drop in prices for precious metals due to continued political risks in Europe.
 

IFC Markets

Master Trader
Oct 31, 2012
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Stocks selloff deepens ahead of US inflation report - 12.4.2022​



Todays’ Market Summary​



  • The Dollar strengthening is intact
  • Futures on three main US stock indexes are down
  • Brent is rebounding currently as OPEC told the European Union it's not possible to replace potential Russian oil supply loss ahead of data from the American Petroleum Institute on US crude inventory estimates later today.
  • Gold and Palladium prices are edging up currently after the suspension of two Russian Palladium refiners by exchanges in London and Chicago

Top daily news​



Stock index futures are mostly down currently after Wall Street selloff deepened on Monday ahead of US inflation data today. Tesla tumbled 4.83% amid reports Elon Musk has abandoned a plan to join Twitter's board after revealing last week he had accepted a board seat, Microsoft shares lost 3.94% on Monday underperforming market.



Forex news​



Currency Pair Change
EUR USD -0.14%
GBP USD -0.1%
USD JPY +0.06%
AUD USD -0.18%
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 while Federal Open Market Committee member Michelle Bowman confirmed a half-point rate increase is possible in May.

Both EUR/USD and GBP/USD reversed their sliding on Monday as French president Emmanuel Macron beat far-right challenger Marine Le Pen in the first round of presidential elections. Both euro and Pound are lower against the Dollar currently. USD/JPY accelerated its advancing yesterday while AUD/USD accelerated its sliding with both the yen and Australian dollar higher against the Greenback currently.





Stock Market news​



Indices Change
Dow Jones Index -0.45%
Nikkei Index -1.78%
Hang Seng Index +0.39%
Australian Stock Index -0.35%
Futures on three main US stock indexes are down currently with the yield on benchmark 10-year Treasury notes up at 2.82%. US stock market closed down yesterday as White House Press Secretary Jen Psaki told reporters "We expect March headline inflation to be extraordinarily elevated." The US inflation is due today at 15:30 CET, economists polled by Reuters forecast the consumer price index (CPI) would post an 8.4% over-year increase in March. The three main US stock index benchmarks booked daily losses in the range of 1.2% to 2.2% Monday led by tech shares.

European stock indexes are down currently after ending lower yesterday led by tech shares. Asian indexes are mixed today with Nikkei leading losses while Chinese markets defied the general trend on news Beijing encourages listed firms, investors to buy stocks to stabilize the market.



Commodity Market news​



Commodities Change
Brent Crude Oil +1.74%
WTI Crude +1.68%
Brent is rebounding currently as OPEC told the European Union it's not possible to replace potential Russian oil supply loss ahead of data from the American Petroleum Institute on US crude inventory estimates later today. Prices retreated yesterday. US West Texas Intermediate WTI slumped 4% but is higher currently. Brent dropped 4.2% to $98.48 a barrel on Monday.





Gold Market News​



Metals Change
Gold +0.06%
Palladium +0.49%
Gold and Palladium prices are edging up currently after the suspension of two Russian Palladium refiners by exchanges in London and Chicago. Spot gold added 0.4% settling at $1953.69 an ounce on Monday.
 

IFC Markets

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Oct 31, 2012
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Global stocks mixed as Wall Street ended lower - 19.4.2022​



Todays’ Market Summary​

  • The Dollar strengthening continues
  • Futures on three main US stock indexes are up
  • Brent is little changed currently.
  • Gold prices are edging down currently

Top daily news​

Equities are pointing in different directions currently with US 10-year Treasury yields edging down after Wall Street ended down Monday. Apple shares slipped 0.13% amid news workers who hope to organize a union at Apple’s high-profile store in New York City seek minimum pay for all workers of $30 per hour, Twitter shares jumped 7.48% Monday outperforming market amid reports private equity firm Apollo Global Management would consider providing financing for a Twitter buyout in the form of preferred equity.





Forex news​



Currency Pair Change
EUR USD -0.15%
GBP USD -0.09%
USD JPY +0.69%
AUD USD +0.35%
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, added 0.3% on Monday.

Both GBP/USD and EUR/USD’s accelerated their sliding Monday and are down currently. USD/JPY accelerated its advancing yesterday while AUD/USD accelerated its sliding with both the yen and Australian dollar higher against the Greenback currently.





Stock Market news​



Indices Change
Dow Jones Index +0.13%
Nikkei Index +0.65%
Hang Seng Index -1.83%
Australian Stock Index +0.05%
Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury notes down at 2.843%. US stock market closed down yesterday in thin trading as the benchmark 10-year Treasury yield hit 2.86%. The three main US stock index benchmarks booked daily losses in the range of 0.02% to 0.14% Monday led by tech shares.

European stock indexes are mixed currently ahead of reopening following Easter holidays. Asian indexes are mixed today with Nikkei leading gains while Chinese markets are down after mixed reports previous day showing unemployment rose unexpectedly in March while retail sales fell more than expected.





Commodity Market news​



Commodities Change
Brent Crude Oil -0.09%
WTI Crude -0.05%
Brent is little changed currently. Prices rose yesterday amid reports production was halted on Sunday at Libya’s major oil field after an unidentified group entered the site and declared that they were halting production “until a government appointed by parliament takes office in the capital”. US West Texas Intermediate WTI added 1.2% but is steady currently. Brent gained 1.3% to $113.16 a barrel on Monday.





Gold Market News​



Metals Change
Gold -0.18%
Gold prices are edging down currently. Spot gold added 0.19% settling at $1978.18 an ounce on Monday.
 

IFC Markets

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Oct 31, 2012
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Equities attempt recovery as US yields ease - 21.4.2022​



Todays’ Market Summary​

  • The Dollar weakening is intact
  • The US stock index futures are up currently
  • Brent is edging up currently.
  • Gold prices are edging down

Top daily news​

Global stocks are mostly rising currently as US bond yields are easing while Wall Street ended mixed on Wednesday. Netflix shares plunged 35.1% underperforming market after the streaming services provider reported first loss of paying subscribers in over 10 years, Tesla shares fell 4.96% Wednesday ahead of company’s earnings call in after-hours where it reported another record quarter.



Forex news​



Currency Pair Change
EUR USD +0.54%
GBP USD +0.06%
USD JPY -0.1%
AUD USD -0.01%
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 0.5% Wednesday.

Both GBP/USD and EUR/USD reversed their sliding Wednesday after federal statistics office Destatis data showing the rise of the index of producer prices in Germany accelerated to 30.9% compared with March 2021, the highest increase ever. Both Pound and euro are up against the Dollar currently. USD/JPY reversed its climbing yesterday while AUD/USD continued rising with the Australian dollar little changed against the Greenback currently and yen higher.





Stock Market news​



Indices Change
Dow Jones Index +0.37%
Nikkei Index +1.8%
Hang Seng Index -1.3%
Australian Stock Index +0.1%
The US stock index futures are up currently ahead of Fed chair Powell’s speeches today due at 17:00 CET and 19:00CET. The three main US stock indexes booked returns ranging from -1.2% to 0.71% Wednesday with Netflix dragging down tech-heavy Nasdaq.

European stock indexes are up currently after ending higher Wednesday with tech stocks leading gains.. Asian stock indexes are mostly up today with Nikkei leading gains while Chinese shares edged down as the central bank surprised markets on Wednesday by keeping benchmark lending rates unchanged.



Commodity Market news​



Commodities Change
Brent Crude Oil +0.83%
WTI Crude +0.72%
Brent is edging up currently. Prices dipped yesterday despite the US Energy Information Administration report of US crude stockpiles drop of 8 million barrels last week. The US oil benchmark West Texas Intermediate (WTI) futures added 0.2% and is higher currently. Brent crude slid 0.4% to $106.80 a barrel on Wednesday.





Gold Market News​



Metals Change
Gold 0.12%
Gold prices are edging down currently. Spot gold gained 0.38% to $1957.40 an ounce on Wednesday.
 

IFC Markets

Master Trader
Oct 31, 2012
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84
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Global markets waver as Wall Street selloff deepened - 25.4.2022​



Todays’ Market Summary​

  • The Dollar strengthening continues
  • Futures on US equity benchmarks are down
  • Brent is extending losses today as China's lockdowns expanded to Beijing while the Russia-Kazakh Caspian Pipeline Consortium resumed cure oil exports from April 22 after almost 30 days of stoppage.
  • Gold prices are retreating today

Top daily news​

Equities are retreating currently with US 10-year Treasury yields edging down after Wall Street ended solidly down Friday. Apple shares fell 2.78% while Apple Cash replaced Discover with Visa for new virtual debit card accounts, Google shares slumped 4.15% underperforming market on Friday.





Forex news​



Currency Pair Change
EUR USD -0.68%
GBP USD -0.62%
USD JPY -0.27%
AUD USD -0.95%
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, rose 0.5% on Monday.

Both GBP/USD and EUR/USD accelerated their sliding Friday despite Markit data showing euro area private sector activity expansion accelerated in April. Both Pound and euro are lower against the Dollar currently. AUD/USD accelerated its retreating Friday and USD/JPY continued advancing with Australian dollar lower against the Greenback currently and yen higher.





Stock Market news​



Indices Change
Dow Jones Index -0.61%
Nikkei Index -1.92%
Hang Seng Index -3.42%
Australian Stock Index 0.91%
Futures on US equity benchmarks are down currently after US stocks ended solidly down on Friday led by healthcare shares as Markit reported US private sector activity expansion slowed in April. The three main US stock benchmarks recorded daily losses ranging from 2.5% to 2.8%, posting weekly declines in the range of 1.9% to 3.8%.

European stock indexes are retreating currently after ending lower on Friday led by mining shares. French president Emmanuel Macron won a second term as French president in Sunday election runoff. Asian indexes are down today with Hong Kong’s Hang Seng index leading losses as lockdowns spread also to Beijing.





Commodity Market news​



Commodities Change
Brent Crude Oil -2.3%
WTI Crude -3.5%
Brent is extending losses today as China's lockdowns expanded to Beijing while the Russia-Kazakh Caspian Pipeline Consortium resumed cure oil exports from April 22 after almost 30 days of stoppage. Prices slumped on Friday and booked their third straight weekly decline. West Texas Intermediate (WTI) futures lost 1.7% and is lower currently. Brent crude slid 1.6% to $106.65 a barrel on Friday.





Gold Market News​



Metals Change
Gold -0.75%
Gold prices are retreating today. Prices ended down on Friday: spot gold fell 1.11% to $1929.70 an ounce.
 

IFC Markets

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Oct 31, 2012
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Markets rebound after Twitter’s acceptance of Musk's take-private offer - 26.4.2022​



Todays’ Market Summary​



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


Top daily news​





Currency Pair Change
EUR USD -0.26%
GBP USD -0.28%
USD JPY -0.26%
AUD USD +0.01%
Equities are mostly advancing currently as Wall Street ended up Monday after Twitter said it had accepted Elon Musk’s $44 billion to take the social media company private. Twitter shares rallied 5.66% outperforming market, Tesla shares slid 0.7% Monday.





Forex news​





The Dollar strengthening has paused 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 0.5% on Monday.

Both GBP/USD and EUR/USD continued their sliding Monday despite Germany’s Ifo Institute report that business sentiment improved in April. Both are steady currently. USD/JPY joined AUD/USD’s continuing retreat yesterday with both the yen and Australian dollar higher against the Greenback currently.



Stock Market news​





Indices Change
Dow Jones Index -0.3%
Nikkei Index +0.18%
Hang Seng Index +0.43%
Australian Stock Index -0.48%




Futures on three main US stock indexes are down currently with the yield on benchmark 10-year Treasury notes up at 2.839%. US stock market rebounded yesterday as growth shares advanced following news Twitter had accepted Elon Musk’s $44 billion to take the social media company private with purchase price representing a 38% premium to Twitter's closing stock price on April 1, 2022. The three main US stock index benchmarks booked daily gains in the range of 0.6% to 1.3% Monday led by tech shares.

European stock indexes are up currently after closing sharply lower Monday led by basic resources stocks which have the highest exposure to China. Asian indexes are mostly up today with Hong Kong’s Hang Seng index leading gains after China’s central bank pledged to increase support for the economy.



Commodity Market news​



Commodities Change
Brent Crude Oil +0.13%
WTI Crude +0.2%




Brent is edging higher currently. Prices fell yesterday amid reports Beijing ordered mass testing in capital’s biggest district as Shanghai's COVID-19 lockdown dragged into a fourth week. US West Texas Intermediate WTI lost 3.5% but is higher currently. Brent dropped 4.1% to $102.32 a barrel on Monday.





Gold Market News​





Metals Change
Gold +0.09%


Gold prices are edging up currently . Spot gold accelerated it retreat yesterday closing down 1.64% at $1897.97 an ounce on Monday.
 

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Global markets mixed after sharp Wall Street drop - 2.5.2022​




Todays’ Market Summary​

  • The Dollar strengthening has resumed
  • Futures on US equity benchmarks are up
  • Brent is edging up today while the European Union energy ministers are weighing Russia import ban.
  • Gold prices are retreating today

Top daily news​

Equity indexes are pointing in different directions currently with US 10-year Treasury yields edging up after Wall Street ended sharply down Friday. Microsoft shares fell 4.16% underperforming market, Amazon shares sank 14.1% on Friday after a disappointing revenue forecast.





Forex news​



Currency Pair Change
EUR USD -0.03%
GBP USD -0.04%
USD JPY +0.24%
AUD USD -0.2%
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 0.4% on Friday.

Both GBP/USD and EUR/USD reversed their sliding Friday after Eurostat data showing euro area inflation hit a record high for the sixth consecutive month, ticking up to 7.5% in April from 7.4% in March, in line with expectations. Both Pound and euro are lower against the Dollar currently. AUD/USD accelerated its retreating Friday and USD/JPY reversed its advancing with both the Australian dollar and yen lower against the Greenback currently.





Stock Market news​



Indices Change
Dow Jones Index +0.47%
Nikkei Index +0.4%
DE 30 -0.6%
Australian Stock Index +0.1%
Futures on US equity benchmarks are up currently after US stocks ended sharply down on Friday led by tech shares as Amazon reported its first loss since 2015 and gave a disappointing guidance, citing higher costs amid slowing growth. The three main US stock benchmarks recorded daily losses ranging from 2.8% to 4.2%, posting monthly declines in the range of 5.0% to 13.3%.

European stock indexes are mixed currently after ending higher on Friday led by basic resources shares. Asian indexes are up today lead by Japanese Nikkei with Chinese markets closed for Labor Day.





Commodity Market news​



Commodities Change
Brent Crude Oil +0.05%
WTI Crude +0.05%
Brent is edging up today while the European Union energy ministers are weighing Russia import ban. Prices ended mixed on Friday but booked their fifth straight monthly gain. West Texas Intermediate (WTI) futures lost 0.6% but is higher currently. Brent crude rose 1.6% to $109.34 a barrel on Friday.





Gold Market News​



Metals Change
Gold -0.6%
Gold prices are retreating today. Prices ended marginally higher on Friday: spot gold added 0.06% to $1895.64 an ounce.