Todays’ Market Summary
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The Dollar retreating has ceased
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The US stock index futures are up currently
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Brent is edging up currently.
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Gold prices are advancing
Top daily news
Global stocks are mostly advancing currently after US stocks extended gains Wednesday for third session in a row. Amazon shares ended virtually flat after a Tuesday outage in Amazon Web Services — the cloud computing unit of Amazon.com, Inc — took down major websites, streaming apps including Google, Disney Plus and disrupted delivery networks, Apple shares gained 2.28% Wednesday outperforming market after a US court temporarily allowed the iPhone maker to retain control over payments in its App Store while media reported Apple is allowing companies to continue gathering user data seven months after introducing new privacy rules.
Forex news
| Currency Pair | Change |
|---|---|
| EUR USD | -0.04% |
| GBP USD | +0.54% |
| USD JPY | -0.25% |
| AUD USD | +0.46% |
The Dollar retreating has ceased 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 0.36% Wednesday despite a 4.6-basis-point jump in 10-year Treasury yields on Wednesday.
EUR/USD reversed its retreating on Wednesday while GBP/USD continued sliding dragged by announcement of the tighter COVID-19 rules. Pound is higher currently against the Dollar while euro is lower. Both USD/JPY and AUD/USD continued climbing Wednesday with both the Australian dollar and yen higher against the Greenback currently.
Stock Market news
| Indices | Change |
|---|---|
| Dow Jones Index | -0.17% |
| Nikkei Index | -0.25% |
| Hang Seng Index | +0.33% |
The US stock index futures are up currently ahead of the US Labor Department report at 14:30 CET expected to show 218 thousand Americans sought unemployment benefits over the last week, down from 222 thousand the previous week. The three main US stock indexes booked gains Wednesday ranging from 0.1% to 0.6% with a rally late to close helping to recover from losses that were recorded during much of the trading session.
European stock indexes are mixed currently after ending lower Wednesday led by retail shares. Asian stock indexes are mixed today with Nikkei leading losses.
Commodity Market news
| Commodities | Change |
|---|---|
| Brent Crude Oil | +0.23% |
| WTI Crude | +0.17% |
Brent is edging up currently. Prices gained Wednesday supported by the US Energy Information Administration report domestic crude stockpile fell by 240 thousand barrels last week while the Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, chose to maintain its schedule of boosting supply by 400,000 barrels per day every month. The US oil benchmark West Texas Intermediate (WTI) futures added 0.4% and is higher currently. Brent crude gained 0.5% to $75.82 a barrel on Wednesday.
Gold Market News
| Metals | Change |
|---|---|
| Gold | +0.16% |
Gold prices are advancing currently. February gold inched up less than 0.1% to $1785.50 an ounce on Wednesday.
https://www.ifcmarkets.com/en/market-overview/market-overview-09-12-2021