Top daily news
Global stock futures are advancing currently after Wall Street ended higher on Friday on back of upbeat consumer sentiment report. Facebook shares slid 0.36% Friday as House lawmakers introduced antitrust reforms that could reshape Amazon, Apple, Facebook and Google, Bitcoin surged 10.2% to $38,903.23 after Elon Musk said Sunday that Tesla will resume car sales with bitcoin once the electric vehicle maker confirms there is “reasonable” clean energy usage by miners.
Forex news
| Currency Pair | Change |
|---|---|
| EUR USD | -0.06% |
| GBP USD | -0.15% |
| USD JPY | +0.05% |
| AUD USD | +0.04% |
The Dollar strengthening continues 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, jumped 0.5% on Friday as the University of Michigan reported higher than expected rise in consumer confidence for June.
GBP/USD joined EUR/USD’s accelerated sliding Friday despite the federal statistics office Destatis report German wholesale prices index increase accelerated in May when a slowing was expected. Both pairs are lower currently. USD/JPY pared all of prior day’s loss Friday while AUD/USD gave back all of its prior day’s gains with yen lower against the Greenback currently and the Australian dollar higher.
Stock Market news
| Indices | Change |
|---|---|
| Dow Jones Index | +0.02% |
| Nikkei Index | +0.6% |
| GB 100 Index | +0.87% |
| Nasdaq 100 | +0.06% |
Futures on US equity benchmarks are higher currently after ending higher on Friday after data released on Thursday showed US inflation rose to its highest level in 13 year. The three main US stock benchmarks recorded daily gains ranging from 0.04% to 0.35% Friday with SP 500 finishing at a new record.
European stock futures are up currently after ending higher on Friday led by basic resources shares. Asian indexes are mostly rising today with Nikkei index leading gains currently as markets in China, Hong Kong and Australia are closed for a holiday. and Shanghai Composite is up as data showed China’s imports grew at their fastest pace in ten years.
Commodity Market news
| Commodities | Change |
|---|---|
| Brent Crude Oil | +0.8% |
| WTI Crude | +1.15% |
Brent is extending gains currently. Prices advanced on Friday on signs of improving global demand. The International Energy Agency (IEA) said in its monthly report that the Organization of the Petroleum Exporting Countries would need to boost output to meet global demand set to recover to pre-pandemic levels by the end of 2022. West Texas Intermediate (WTI) futures gained 0.9% and is higher currently. August Brent crude added 0.2% to $72.69 a barrel on Friday.
Gold Market News
| Metals | Change |
|---|---|
| Gold | -1% |
Gold prices are edging lower today. August gold lost 0.9% settling at $1879.60 on Friday - the lowest finish in over a week.
https://www.ifcmarkets.com/en/market-overview/market-overview-14-06-2021