Stocks rebound intact after Wall Street rally - 26.3.2021

IFC Markets

Master Trader
Oct 31, 2012
London (Great Britain)

Top daily news​

Equity markets are mostly higher currently after US stocks rebounded in late-day rally Thursday. Amazon shares lost 1.32% after reports of overwhelming long-hour shifts at Amazon as the company disallows labor unions. Tesla rose 1.61% outperforming markets.

Forex news​

Currency PairChange
EUR USD+0.83%
GBP USD+0.66%
USD JPY+0.16%
AUD USD+0.43%

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, added 0.2% Thursday as US Labor Department reported 684 thousand Americans sought unemployment benefits over the last week, down from 781 thousand the previous week.

GBP/USD reversed its sliding while EUR/USD continued retreating Thursday despite GfK reported better than expected German consumer sentiment for April. AUD/USD reversed its sliding while USD/JPY continued its climbing Thursday with yen lower against the Greenback currently while Australian dollar is higher still.

Stock Market news​

Dow Jones Index+0.23%
GB 100 Index-0.35%
Nikkei Index+1.56%
Hang Seng Index+1.04%

Futures on three main US stock indexes are up currently after a rebound yesterday as Labor Department data showed claims for unemployment benefits dropped to a one-year low last week. Bond yields advance resumed. The three main US stock benchmarks recorded daily gains ranging from 0.1% to 0.6%.

European stock indexes are mixed today after closing mixed Thursday with losses led by oil and gas shares. Asian indexes are mostly higher today with Shanghai Composite leading gains despite European Union and US sanctions on officials in China’s Xinjiang region over allegations of human rights abuses.

Commodity Market news​

Brent Crude Oil+1.57%
WTI Crude+1.71%

Brent is edging higher today. Oil prices fell yesterday after Wednesday report US crude inventories rose to their highest since December. The US oil benchmark West Texas Intermediate (WTI) futures dropped 4.3% but is higher currently. May Brent crude slumped 3.8% to $61.95 a barrel on Thursday.

Gold Market News​


Gold prices are extending losses today . April gold settled 0.3% lower at $1728.70 an ounce on Thursday.