Dollar strengthening intact
US stock market rally resumed on Thursday as US-China trade deal came into forefront anew. The S&P 500 gained 0.7% to new record 3274.70. The Dow Jones industrial average advanced 0.7% to fresh record 28956.90. Nasdaq composite index rallied 0.7% to record 9203.43. The dollar strengthening slowed as the number of people applying for first time jobless benefits slipped to 214,000 last week: 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 0.1% to 97.41 and is higher currently. Futures in stock indexes point to higher openings today.
DAX led European indexes rebound
European stocks extended gains on Thursday buoyed by strong German industrial data. The slide of both GBP/USD and EUR/USD continued yesterday with Pound turning higher currently while euro little changed. The Stoxx Europe 600 index ended 0.3% higher led by technology stocks. Germany’s DAX 30 rallied 1.3% to 13495.06 as data showed German industrial output rose above expected 1.1% over month in November after 0.1% decline the previous month. France’s CAC 40 added 0.2% and UK’s FTSE 100 rose 0.3% to 7598.12.
Australia’s All Ordinaries Index leads Asian indexes gains
Asian stock indices are mostly higher today. Nikkei ended up 0.5% at 23850.57 with yen slide against dollar slowing. Chinese stocks are mixed: the Shanghai Composite Index is down 0.08% while Hong Kong’s Hang Seng Index is 0.3% higher. Australia’s All Ordinaries Index extended gains 0.8% despite Australian dollar reversing its slide against the greenback.
Saudi Aramco shares rebound while Brent dips
Brent futures prices are extending losses today. Prices ended lower third session yesterday: March Brent crude slipped 0.1% to $65.37 a barrel on Thursday. Despite downward momentum in oil prices Saudi Aramco shares recovered most of losses incurred in previous three sessions Thursday: Aramco gained 2.34% to 35.50 riyals in Riyadh at Tadawul exchange.
Gold weakening dynamic while Dollar strengthens holds
Gold prices are edging lower after Wednesday’s loss. The price of an ounce of gold for February delivery fell 0.9% to $1,560.20 Wednesday as the dollar strengthening continued.
US stock market rally resumed on Thursday as US-China trade deal came into forefront anew. The S&P 500 gained 0.7% to new record 3274.70. The Dow Jones industrial average advanced 0.7% to fresh record 28956.90. Nasdaq composite index rallied 0.7% to record 9203.43. The dollar strengthening slowed as the number of people applying for first time jobless benefits slipped to 214,000 last week: 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 0.1% to 97.41 and is higher currently. Futures in stock indexes point to higher openings today.
DAX led European indexes rebound
European stocks extended gains on Thursday buoyed by strong German industrial data. The slide of both GBP/USD and EUR/USD continued yesterday with Pound turning higher currently while euro little changed. The Stoxx Europe 600 index ended 0.3% higher led by technology stocks. Germany’s DAX 30 rallied 1.3% to 13495.06 as data showed German industrial output rose above expected 1.1% over month in November after 0.1% decline the previous month. France’s CAC 40 added 0.2% and UK’s FTSE 100 rose 0.3% to 7598.12.
Australia’s All Ordinaries Index leads Asian indexes gains
Asian stock indices are mostly higher today. Nikkei ended up 0.5% at 23850.57 with yen slide against dollar slowing. Chinese stocks are mixed: the Shanghai Composite Index is down 0.08% while Hong Kong’s Hang Seng Index is 0.3% higher. Australia’s All Ordinaries Index extended gains 0.8% despite Australian dollar reversing its slide against the greenback.
Saudi Aramco shares rebound while Brent dips
Brent futures prices are extending losses today. Prices ended lower third session yesterday: March Brent crude slipped 0.1% to $65.37 a barrel on Thursday. Despite downward momentum in oil prices Saudi Aramco shares recovered most of losses incurred in previous three sessions Thursday: Aramco gained 2.34% to 35.50 riyals in Riyadh at Tadawul exchange.
Gold weakening dynamic while Dollar strengthens holds
Gold prices are edging lower after Wednesday’s loss. The price of an ounce of gold for February delivery fell 0.9% to $1,560.20 Wednesday as the dollar strengthening continued.