Top daily news
Global stock futures are lacking a general direction currently after Wall Street ended higher on Friday following a tepid US May jobs report. Apple shares rose 1.9%, Twitter jumped 3.49% on Friday despite Nigeria “temporary” suspending Twitter’s operations in the country after Twitter deleted a tweet by President Muhammadu Buhari for breaching the site’s rules.
The Dollar strengthening has resumed 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, lost 0.4% on Friday as the Bureau of Labor Statistics reported The United States added 559,000 jobs in May, below expectations.
Both EUR/USD and GBP/USD reversed their sliding Friday despite the Eurostat report retail trade in euro-zone fell 3.1% over month in April after 3.3% growth in prior month when a 1.4% decrease was expected. Both pairs are lower currently. USD/JPY gave back all of prior day’s gain Friday while AUD/USD pared almost all of its losses from prior day with yen higher against the Greenback currently and the Australian dollar lower.
Stock Market news
|Dow Jones Index||-0.17%|
|Hang Seng Index||-0.76%|
|Australian Stock Index||-0.29%|
Futures on US equity benchmarks are lower currently after climbing on Friday on investors relief over a tepid US jobs report. The three main US stock benchmarks recorded daily gains ranging from 0.5% to 1.5% Friday.
European stock futures are down currently after ending higher on Friday . Asian indexes are mixed today after finance ministers from the Group of Seven (G-7) advanced nations agreed on Saturday to back a minimum global corporate tax rate of at least 15%. Nikkei index is leading gains currently and Shanghai Composite is up as data showed China’s imports grew at their fastest pace in ten years.
Commodity Market news
|Brent Crude Oil||-0.81%|
Brent is retreating currently as investors await the results of talks between Iran and US this week over a nuclear deal. An agreement may boost global crude supplies. Prices advanced on Friday after a weekly supply report on Thursday showed US crude inventories dropped more than expected the previous week. West Texas Intermediate (WTI) futures gained 0.7% but is lower currently. August Brent crude added 0.4% to $71.60 a barrel on Friday.
Gold Market News
Gold prices are edging lower today. August gold gained 1% settling at $1892 on Friday but booked a loss for the week