By IFCMarkets
Top daily news
Global markets are rising currently after mixed trading last Friday as US markets were closed for the Independence Day holiday. Investors’ risk appetite appears to have recovered after stronger than expected US jobs report for June despite rising coronavirus cases globally.
Forex news
| Currency Pair | Change |
| EUR USD | -0.49% |
| GBP USD | +1.79% |
| USD JPY | +0.08% |
The Dollar weakening has accelerated 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, slipped 0.1% Friday. Both
GBP/USD and
EUR/USD reversed their sliding Friday as the final reading of euro-zone services PMI showed the contraction eased sharply last month. Both pairs are up currently.
USD/JPY halted its climbing on Friday while
AUD/USD accelerated rising with both pairs higher currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | +0.13% |
| GB 100 Index | +3.12% |
US equity markets are sharply higher today ahead of reopening following Independence Day celebrations on Friday. The three main US stock indexes recorded weekly gains ranging from 3.3% to 4.6% in holiday shortened last week. European stock indexes are rebounding currently after ending lower on Friday despite Markit’s report the contraction in euro-zone’s business activity eased sharply according to final services PMI reading. Asian indexes are mostly rising today led by Shanghai Composite.
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | +1.18% |
| WTI Crude | +1.49% |
Brent is recovering today. Oil prices ended lower last session despite Baker Hughes report the number of operating US oil and natural gas rigs fell to an all-time low for a ninth week. The US oil benchmark
West Texas Intermediate (WTI) futures are lower currently.
August Brent crude slid 0.8% to $42.80 a barrel on Friday.
Gold Market News
| Metals | Change |
| Gold | +0.03% |
Gold prices are gaining today. Spot gold slipped 0.01% to $1774.66 an ounce on Friday.
Market Analysis provided by IFCMarkets
Note:
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