- Analytics
- Market Overview
First quarterly reports of American companies and banks disappointed investors - 14.10.2020
Todays’ Market Summary
- The US dollar index rose markedly on Tuesday.
- On Tuesday, US stocks dropped.
- World oil prices have increased due to increased demand from China.
- Precious metals prices declined on Tuesday amid the US dollar strengthening.
Top daily news
Forex news
Currency Pair | Change |
EUR/USD | -0.12% |
GBP/USD | +0.16% |
NZD/USD | +0.33% |
The US dollar index rose markedly on Tuesday. Inflation in September rose up to 1.4% y/y from 1.3% in August. In theory, this could limit Fed's further monetary policy easing. Note that yesterday's dollar strengthening was slightly supported by the weakening of theeuro, the British pound and the Chinese yuan due to negative news in the respective countries. In particular, China's foreign trade surplus fell in September. The Bank of England announced the possibility of a negative rate amid weak data on the labor market. There is no progress in Brexit negotiations ahead of the European summit. Germany released weak data on industrial production and business activity (ZEW indicator). The IMF predicts a 4.3% drop in US GDP by the end of 2020. At the same time, according to the IMF, the Eurozone's downturn will be greater and amount to 8.3%. No significant statistics are expected in the US today.
Stock Market news
Indices | Change |
S&P 500 | -0.63% |
DJIA | -0.55% |
Nasdaq 100 | -0.1% |
Nikkei 225 | +0.11% |
Hang Seng (HSI) | +0.07% |
Commodity Market news
Commodities | Change |
Brent Oil | -0.6% |
WTI Crude Oil | -0.47% |
World oil prices have increased due to increased demand from China.In September 2020, it imported 11.8 million barrels per day (bpd).This is 5.5% more than in August this year and 17.5% more than in September, 2019.The International Energy Agency noted the supply of oil on the world market in September 2020 was 9% less than the last year.OPEC predicts an increase in global oil demand by 6.56 million barrels per day (bpd) to 96.84 million bpd in 2021.
Gold Market News
Metals | Change |
XAU/USD | +0.25% |