By IFCMarkets
Top daily news
Global equities are mixed currently after a rally Friday following surprise US jobs report. Unexpected drop in US unemployment rate boosted investors’ risk appetite ahead of the Federal Reserve meeting this week.
Forex news
| Currency Pair | Change |
| EUR USD | -0.32% |
| GBP USD | +3.31% |
| USD JPY | -0.11% |
The Dollar strengthening has paused 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, gained 0.2% Friday as Bureau of Labor Statistics reported US economy regained 2.5 million jobs in May and the unemployment rate fell to 13.3%.
GBP/USD continued climbing Friday while
EUR/USD fell with the dynamics intact for both pairs currently.
AUD/USD and
USD/JPY continued climbing on Friday with Australian dollar still higher against the greenback currently. Yen is higher against the dollar currently after Japanese government revised the Q1 GDP upward to 2.2% annualized rate of decline from 3.4% drop in initial estimate.
Stock Market news
| Indices | Change |
| Dow Jones Index | +2.21% |
US equity markets are mixed today after ending sharply higher on Friday. Stock indexes rally in US was led by cyclical shares: the three main US stock indexes recorded daily gains ranging from 2.1% to 3.2% while booking weekly gains ranging from 3.3% to 6.8%. European stock indexes are rising currently after jump on Friday. Asian indexes are rising today led by Japan’s Nikkei index which jumped 1.4%.
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | +1.2% |
| WTI Crude | +1.23% |
Brent is edging higher today. Oil prices ended sharply higher last session on reports major oil producers were convening Saturday to discuss plans for extended productions cuts. The US oil benchmark
West Texas Intermediate (WTI) futures ended solidly higher Friday:
July WTI rose 5.7% and is higher currently.
August Brent crude closed 5.8% higher at $42.30 a barrel on Friday. The group of major oil producers known as OPEC+ agreed on Saturday to extend the output curb deal to withdraw almost 10% of global supplies from the market by a third month to end of July.
Gold Market News
Gold prices are retracing higher today. August gold fell 2.7% to $1680.40 an ounce on Friday.
Market Analysis provided by IFCMarkets
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
