Top daily news
Global equities are down today after a mixed trading session Thursday highlighted by reports promising coronavirus treatment may not be successful in trials and a US Labor department report 25 million Americans have lost their jobs over the last five weeks.
Forex news
| Currency Pair | Change |
| EUR USD | -1.21% |
| GBP USD | -0.24% |
| USD JPY | +0.09% |
| AUD USD | +0.43% |
The Dollar strengthening accelerated today despite report initial jobless claims jumped another 4.4 million last week and both US manufacturing and services sectors accelerated contraction in April. 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 0.16% Thursday and is higher currently. The GBP/USD continued rising yesterday while EUR/USD accelerated declining with both pairs lower currently as Markit reported private sector contraction accelerated both in euro-zone and UK in April. Both
USD/JPY and
AUD/USD resumed sliding and are lower currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | -0.27% |
| Nikkei Index | -0.42% |
| US Dollar Index | +0.25% |
Futures on three main US stock indexes are lower currently after the rebound yesterday faltered following reports the promising coronavirus drug remdesivir may not be successful in Gilead Sciences’ early trials. The House passed the bill giving additional $500 billion aid to small businesses. Earnings season continues with corporate results so far showing earnings-per-share growth at negative 13.6%. Another batch of companies including American Express, Merck and Verizon will report quarterly results today. Stock indexes in US ended mixed on Wednesday : the three main US stock indexes recorded returns ranging from -0.05% to +0.16%.
European stock indexes extended gains Thursday but are lower currently. Asian indexes are mostly lower today with
Australia’s All Ordinaries Index ending up 0.5%, defying general trend.
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | -2.72% |
| WTI Crude | +5.07% |
Brent is adding to Thursday’s sharp gains today after rebound on Wednesday prompted by President Trump’s tweet he had “instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea .” Oil prices rose despite Energy Information Administration report that US crude inventories rose 15 million barrels last week. The US oil benchmark
West Texas Intermediate (WTI) futures rallied yesterday:
June WTI jumped 19.7% and is rising currently.
June Brent crude closed 4.7% higher at $21.33 a barrel on Thursday.
Gold Market News
Gold prices climbing is intact today. June gold gained 0.4% to $1745.40 an ounce on Thursday.
