By IFCMarkets.com
Top daily news
Equity markets are mixed currently after a choppy trade Thursday as Federal Reserve announced a shift in policy framework that will place more emphasis on boosting economic growth and less on worries about letting inflation run too high.
Forex news
Currency Pair | Change |
EUR USD | +0.61% |
GBP USD | +0.41% |
USD JPY | +0.24% |
The Dollar strengthening has halted currently ahead of the US inflation report at 16:30 CET today. 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 0.1% Thursday as Labor Department reported continuing claims fell slightly to 14.5 million while 1.01 million Americans filed for first-time benefits. At the same time the second-quarter gross domestic product was revised to a 31.7% drop at annualized pace.
GBP/USD joined
EUR/USD’s continued sliding yesterday with both pairs higher currently.
USD/JPY joined
AUD/USD’s continued climbing yesterday with both yen and Australian dollar higher against the greenback currently.
Stock Market news
Indices | Change |
Dow Jones Index | +0.05% |
GB 100 Index | -0.6% |
Nikkei Index | -1.42% |
Hang Seng Index | +0.51% |
Futures on three main US stock indexes are higher currently after ending mixed Thursday. The three main US stock benchmarks recorded returns ranging from -0.3% to 0.6% as Federal Reserve Chairman Jerome Powell said policy makers would no longer pre-emptively hike interest rates to keep inflation just below 2%. European stock indexes are extending losses today after ending lower Thursday. Asian indexes are mixed currently with Nikkei leading losses after a surprise announcement that Japanese Prime Minister Shinzo Abe will resign for health reasons later on in the day.
Commodity Market news
Commodities | Change |
Brent Crude Oil | -0.27% |
WTI Crude | -0.31% |
Brent is edging lower today. Oil prices fell yesterday despite the US Energy Information Administration report Wednesday that US crude oil inventories fell by 4.7 million barrels last week, the fifth weekly decline in a row while gasoline inventories declined by 4.6 million barrels. The US oil benchmark
West Texas Intermediate (WTI) futures ended lower yesterday:
October WTI fell 0.8% and is lower currently.
October Brent crude closed 1.2% lower at $45.09 a barrel on Thursday.
Gold Market News
Gold prices are rebound today . December gold ended 0.8% lower at $1932.60 an ounce on Thursday.
Market Analysis provided by IFCMarkets.com
- Stoxx Europe 600: What Signs of Investor Exuberance Keep Telling Us May 17, 2024
- Natural gas prices rose to a 4-month high. China released mixed data May 17, 2024
- S&P 500 index hits record high amidst lower inflation May 17, 2024
- Stock indices have hit all-time highs. The Australian labor market is starting to cool down May 16, 2024
- Target Thursdays: USDInd, Soybean & EU50 hit targets! May 16, 2024
- JPY has sharply strengthened May 16, 2024
- PBoC kept the interest rate unchanged. The US stock indices rise despite rising manufacturing inflation May 15, 2024
- Meme-stock mania: Will GameStop, AMC stocks surge even higher? May 15, 2024
- Euro climbs to five-week high ahead of US CPI data May 15, 2024
- Australia will release its annual budget today. Rising inflation expectations hurt US stock indices May 14, 2024