By IFCMarkets
Top daily news
Global stocks are mixed today after a rebound on Thursday. US markets ended higher yesterday after the Federal Reserve announcement the central bank is planning to loosen the restrictions imposed by the Volcker rule which will allow banks to more easily make large investments into venture capital and similar funds.
Forex news
| Currency Pair | Change |
| EUR USD | -1.01% |
| USD JPY | -0.23% |
| USD CHF | -0.16% |
The Dollar strengthening continues today ahead of US inflation and personal spending reports. 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 0.2% Thursday as US Census Bureau reported durabl;e goods orders rose above expected 15.8% over month in May. Both
GBP/USD and
EUR/USD continued their sliding yesterday despite GfK report German consumer confidence continued to recover in June. Both pairs are lower currently.
AUD/USD joined
USD/JPY’s continued climbing yesterday with yen higher currently against the greenback while Australian dollar is down.
Stock Market news
| Indices | Change |
| Dow Jones Index | -0.79% |
| GB 100 Index | -0.63% |
| Nikkei Index | -1.12% |
| Hang Seng Index | +0.42% |
Futures on three main US stock indexes are edging lower currently after a choppy trading Thursday. The three main US stock indexes rebounded ahead of Fed release of the results of its bank stress tests, recording gains ranging from 1.1% to 1.2% led by banking stocks. US Senate passed a legislation that would impose mandatory sanctions on people or companies that back efforts by China to restrict Hong Kong’s autonomy, that has to pass the House and be signed by President Trump. European stock indexes are retreating today after ending higher Thursday. Asian indexes are mostly higher today led by Australia’s All Ordinaries ASX 200 Index .
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | -0.27% |
| WTI Crude | +0.73% |
Brent is extending gains today. Oil prices advanced yesterday buoyed by White House Economic Advisor Larry Kudlow comment the US was not going to shut the economy down despite reports of rising coronavirus cases. The US oil benchmark
West Texas Intermediate (WTI) futures ended solidly higher yesterday:
August WTI rose 1.9% and is higher currently.
August Brent crude closed 1.8% higher at $41.05 a barrel on Thursday.
Gold Market News
Gold prices are edging lower today . August gold slipped 0.3% to $1770.60 an ounce on Thursday.
Market Analysis provided by IFCMarkets
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