Top daily news
Stocks are mixed currently with commodities and gold extending gains ahead of US markets opening after long Memorial Day weekend.
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, slid 0.2% Monday.
Both EUR/USD and GBP/USD reversed their sliding Monday as federal statistics office Destatis reported German consumer price index rose 2.5% on the year in May. Both pairs are higher currently. AUD/USD reversed its sliding Monday while USD/JPY reversed its climbing with both Australian dollar and yen higher against the greenback currently.
Stock Market news
|Dow Jones Index||+0.34%|
|Hang Seng Index||+1.02%|
|Australian Stock Index||-0.41%|
Futures on three main US stock indexes are up currently while US 10-year Treasury yields hover around 1.616 ahead of Institute for Supply Management Manufacturing PMI report today at 16:00 CET. The three US main stock benchmarks recorded daily gains ranging from 0.1% to 0.2% Friday ahead of long Memorial Day weekend.
European stock indexes are mixed currently after ending lower Monday with markets closed in United Kingdom for a holiday. Asian indexes are mostly up today with Shanghai Composite leading gains as Caixin reported China’s factory activity expanded at the fastest pace this year in May.
Commodity Market news
|Brent Crude Oil||+1.46%|
Brent is edging higher today. The Organization of the Petroleum Exporting Countries and allies including Russia are meeting today. Analysts expect OPEC+ will stay the course on plans to gradually ease supply cuts until July. Prices closed higher Monday with Brent trading near US$70 a barrel on improving global growth prospects. The US oil benchmark West Texas Intermediate (WTI) gained 0.9% and is higher currently. Brent rose 0.9% to $69.32 a barrel on Monday.
Gold Market News
Gold prices are extending gains currently . Spot gold rose 0.2% to $1907.06 an ounce on Monday.