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Message: [QUOTE="IFC Markets, post: 202398, member: 18359"] [HEADING=2]Global stocks rebound as Omicron concerns recede - 7.12.2021[/HEADING] [HEADING=1]Todays’ Market Summary[/HEADING] [LIST] [*]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 [/LIST] [HEADING=1]Top daily news[/HEADING] 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. [HEADING=1]Forex news[/HEADING] [TABLE] [TR] [TD] Currency Pair[/TD] [TD] Change[/TD] [/TR] [TR] [TD] EUR USD[/TD] [TD] +0.27%[/TD] [/TR] [TR] [TD] GBP USD[/TD] [TD] +0.01%[/TD] [/TR] [TR] [TD] USD JPY[/TD] [TD] +0.15%[/TD] [/TR] [TR] [TD] AUD USD[/TD] [TD] +0.16%[/TD] [/TR] [/TABLE] 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. [HEADING=1]Stock Market news[/HEADING] [TABLE] [TR] [TD] Indices[/TD] [TD] Indices[/TD] [/TR] [TR] [TD] Dow Jones Index[/TD] [TD] +0.63%[/TD] [/TR] [TR] [TD] Nikkei Index[/TD] [TD] +1.08%[/TD] [/TR] [TR] [TD] Hang Seng Index[/TD] [TD] +1.59%[/TD] [/TR] [TR] [TD] Australian Stock Index[/TD] [TD] +0.45%[/TD] [/TR] [/TABLE] 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. [HEADING=1]Commodity Market news[/HEADING] [TABLE] [TR] [TD] Commodities[/TD] [TD] Change[/TD] [/TR] [TR] [TD] Brent Crude Oil[/TD] [TD] +0.98%[/TD] [/TR] [TR] [TD] TI Crude[/TD] [TD] +1.04%[/TD] [/TR] [/TABLE] 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. [HEADING=1]Gold Market News[/HEADING] [TABLE] [TR] [TD] Metals[/TD] [TD] Change[/TD] [/TR] [TR] [TD] Gold[/TD] [TD] +0.26%[/TD] [/TR] [/TABLE] Gold prices are rising currently . February gold slipped 0.3% to $1779.50 an ounce on Monday. [/QUOTE]

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