Todays’ Market Summary
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The Dollar strengthening has paused
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Futures on three main US stock indexes are down
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Brent is edging higher currently.
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Gold prices are edging up currently
Top daily news
| Currency Pair | Change |
|---|---|
| EUR USD | -0.26% |
| GBP USD | -0.28% |
| USD JPY | -0.26% |
| AUD USD | +0.01% |
Equities are mostly advancing currently as Wall Street ended up Monday after Twitter said it had accepted Elon Musk’s $44 billion to take the social media company private. Twitter shares rallied 5.66% outperforming market, Tesla shares slid 0.7% Monday.
Forex news
The Dollar strengthening has paused 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, rose 0.5% on Monday.
Both GBP/USD and EUR/USD continued their sliding Monday despite Germany’s Ifo Institute report that business sentiment improved in April. Both are steady currently. USD/JPY joined AUD/USD’s continuing retreat yesterday with both the yen and Australian dollar higher against the Greenback currently.
Stock Market news
| Indices | Change |
|---|---|
| Dow Jones Index | -0.3% |
| Nikkei Index | +0.18% |
| Hang Seng Index | +0.43% |
| Australian Stock Index | -0.48% |
Futures on three main US stock indexes are down currently with the yield on benchmark 10-year Treasury notes up at 2.839%. US stock market rebounded yesterday as growth shares advanced following news Twitter had accepted Elon Musk’s $44 billion to take the social media company private with purchase price representing a 38% premium to Twitter’s closing stock price on April 1, 2022. The three main US stock index benchmarks booked daily gains in the range of 0.6% to 1.3% Monday led by tech shares.
European stock indexes are up currently after closing sharply lower Monday led by basic resources stocks which have the highest exposure to China. Asian indexes are mostly up today with Hong Kong’s Hang Seng index leading gains after China’s central bank pledged to increase support for the economy.
Commodity Market news
| Commodities | Change |
|---|---|
| Brent Crude Oil | +0.13% |
| WTI Crude | +0.2% |
Brent is edging higher currently. Prices fell yesterday amid reports Beijing ordered mass testing in capital’s biggest district as Shanghai’s COVID-19 lockdown dragged into a fourth week. US West Texas Intermediate WTI lost 3.5% but is higher currently. Brent dropped 4.1% to $102.32 a barrel on Monday.
Gold Market News
| Metals | Change |
|---|---|
| Gold | +0.09% |
Gold prices are edging up currently . Spot gold accelerated it retreat yesterday closing down 1.64% at $1897.97 an ounce on Monday.