By IFCMarkets.com
Top daily news
Global stocks rebound continues currently ahead of first US presidential debate today after a bullish run on Monday led by energy shares. Risk on sentiment was boosted by House Speaker Pelosi’s weekend comment that a deal on new aid can be achieved. Apple advanced 2.38%, outperforming market, while Facebook shares added 0.78%, underperforming.
Forex news
Currency Pair | Change |
EUR USD | +0.05% |
GBP USD | +0.2% |
USD JPY | +0.07% |
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, lost 0.4% Monday as Cleveland Federal Reserve Bank President Loretta Mester warned that the US economy remained “fragile”. Both
EUR/USD and
GBP/USD reversed their sliding Monday with both pairs higher currently. Both
AUD/USD and
USD/JPY reversed their retreating yesterday with Australian dollar higher against the greenback currently while yen retracing lower.
Stock Market news
Indices | Change |
Dow Jones Index | +0.7% |
Nikkei Index | +0.12% |
Hang Seng Index | -0.89% |
Futures on three main US stock indexes are up currently ahead of Federal Open Market Committee members Clarida’s, Quarle’s and William’s speeches starting at 19:40 CET today. US main stock benchmarks ended solidly higher Monday recording gains ranging from 1.5% to 1.9%. European stock indexes are edging higher currently after a rally yesterday led by banking shares. Asian indexes are mixed today with Hong Kong’s Heng Seng Index leading the losses.
Commodity Market news
Commodities | Change |
Brent Crude Oil | -0.59% |
WTI Crude | -0.77% |
Brent is edging down today. Oil prices ended higher on Monday after reports oil firms in Norway plan to close down 22% of the country’s oil-and-gas output, or 900,000 barrels of oil equivalent per day, if oil workers go on strike Wednesday. The US oil benchmark
West Texas Intermediate (WTI) for October climbed 0.9% Monday but is down currently.
November Brent crude rose 1.2% to $42.43 a barrel on Monday.
Gold Market News
Gold prices are extending gains today. December gold added 0.1% to $1882.30 an ounce on Monday.
Market Analysis provided by IFCMarkets.com
- Investors expect a hawkish stance from the RBA. Natural gas prices returned to growth May 6, 2024
- Trade Of The Week: Ripple ready to create waves? May 6, 2024
- COT Metals Charts: Speculator bets led by Gold & Steel May 4, 2024
- COT Bonds Charts: Speculator bets led lower by SOFR 3M & 10-Year Bonds May 4, 2024
- COT Soft Commodities Charts: Speculator bets led by Wheat, Soybean Meal & Corn May 4, 2024
- COT Stock Market Charts: Speculator bets led lower by S&P500 & MSCI EAFE May 4, 2024
- The British index has updated the historical maximum. Oil lost 5% over the week May 3, 2024
- US Fed tilts towards a rate cut despite the postponement. HKMA left the rate unchanged at 5.75% May 2, 2024
- Brent crude oil hits seven-week low May 2, 2024
- Target Thursdays: USDJPY, Copper & EURCAD May 2, 2024