By IFCMarkets
Top daily news
Global markets are in a rebound mode today after US markets recovered most of Friday losses. US equities advanced Monday led by technology shares which actually gained in the aftermath of lockdowns impositions as coronavirus outbreak spread.
Forex news
| Currency Pair | Change |
| EUR USD | -0.44% |
| GBP USD | +1.93% |
| USD JPY | +0.17% |
The Dollar weakening has halted 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, lost 0.6% Monday after mixed data showing the Chicago Fed’s national activity index recovered in May – indicating expanding economy, while existing home sales fell 9.7% over moth in May. Both
GBP/USD and
EUR/USD reversed their sliding Monday as euro-zone’s consumer confidence index recovery in June indicated continued consumer confidence recovery. Euro is higher currently against the dollar while Pound is down. Both
USD/JPY and
AUD/USD reversed their sliding yesterday with both yen and Australian dollar lower against the greenback currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | +0.29% |
| Nikkei Index | +0.51% |
| Hang Seng Index | +1.8% |
Futures on three main US stock indexes are higher currently as they recovered from earlier losses following President Trump’s trade adviser comment China trade deal was ‘over’. Stock indexes in US rebounded Monday: the three main US stock indexes posted gains ranging from 0.6% to 1.1%. European stock indexes are rising currently after a pullback on Monday led by food and telecom shares. Asian indexes are recovering today led by Hong Kong’s Hang Seng Index as President Trump tweeted Monday night that the China trade was “fully intact” after a comment by his trade adviser that China trade deal was ‘over.’
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | +0.37% |
| WTI Crude | +0.81% |
Brent is edging lower today. Oil prices ended higher on Monday against the background of signs of improving global oil demand as economies reopened. The US oil benchmark
West Texas Intermediate (WTI) rose 1.8% Monday.
August Brent crude climbed 2.1% to $43.08 a barrel on Monday.
Gold Market News
Gold prices are retracing lower today. August gold gained 0.8% to $1766.40 an ounce on Monday.
Market Analysis provided by IFCMarkets
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