Stocks mixed after choppy trading Wednesday - 3.12.2020

IFC Markets

Master Trader
Oct 31, 2012
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Top daily news​

Global equities market is mixed currently after choppy trading Wednesday on disappointing non-farm employment report from Automatic Data Processing. Apple shares rose 0.29%, outperforming market, as did Boeing stock, up 5.1% with Boeing close to announcing new orders with Ryanair to supply the Irish carrier additional Max planes.

Forex news​

Currency PairChange
EUR USD+0.17%
GBP USD+1.84%
USD JPY-0.33%
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, slid 0.16% Wednesday after payroll services firm ADP reported US private employment rose by 307,000 last month after October's upwardly revised gain of 404,000. EUR/USD added to gains yesterday while GBP/USD reversed its climbing as German retail sales rebounded 2.6% over month in November when 1.3% growth was expected. Both pairs are higher currently. AUD/USD maintained its climb and USD/JPY reversed its sliding yesterday with both Australian dollar and yen higher against the greenback currently.

Stock Market news​

IndicesChange
Dow Jones Index+0.32%
Nikkei Index+0.03%
GB 100 Index+1.51%
The US stock futures are mixed currently after a mixed session Wednesday. The Dow and SP 500 ended higher Wednesday while Nasdaq slipped as Federal Reserve’s Beige Book report indicated four of its 12 regional districts showed little or no growth, while four others saw activity begin to dip last month. The three main US stock indexes recorded returns ranging from -0.1% to +0.2% Wednesday as Senate Majority Leader Mitch McConnell rejected a bipartisan $908 billion stimulus plan proposal later on Tuesday. European stock indexes are mixed currently after a mixed session Wednesday with UK stocks defying the general trend down as UK on Wednesday authorized the Pfizer-BioNTech coronavirus vaccine - becoming the first country in the world to do so, making vaccines available from next week. Asian indexes are mixed today with Shanghai Composite down as US House of Representatives passed a bill that could delist Chinese companies from US stock exchanges.

Commodity Market news​

CommoditiesChange
Brent Crude Oil-0.81%
WTI Crude-0.62%
Brent is edging lower today. US Energy Information Administration reported yesterday domestic crude oil inventories fell 679,000 barrels last week. However EIA reported US oil production rose 100,000 barrels per day last week to its highest level since May. Prices ended higher Wednesday. The US oil benchmark West Texas Intermediate (WTI) futures gained: WTI rose 1.6% but is lower currently. Brent crude closed 1.8% higher at $48.25 a barrel on Wednesday.

Gold Market News​

MetalsChange
Gold+0.44%
Gold prices are extending gains today. February gold added 0.6% to $1830.20 an ounce on Wednesday buoyed by hopes for another U.S. fiscal stimulus package.