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- Market Overview
Global stocks waiver after Wall Street third straight gain - 1.8.2022
Todays’ Market Summary
- The Dollar weakening has resumed
- Futures on US equity benchmarks are down
- Brent is down today.
- Gold prices are edging up today
Top daily news
Forex news
Currency Pair | Change |
EUR/USD | +0.18% |
GBP/USD | +0.29% |
USD/JPY | -0.6% |
AUD/USD | +0.37% |
The Dollar weakening 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, slipped 0.2% on Friday while data showed private wages and salaries accelerated to 5.7% over year.
EUR/USD resumed its climbing while GBP/USD ended flat Friday after euro zone CPI data showed the euro area inflation continued at record high levels in July. Both Pound and euro are higher against the Dollar currently. USD/JPY decelerated its retreating while AUD/USD continued is sliding Friday with both the Australian dollar and yen higher against the Greenback currently.
Stock Market news
Indices | Change |
DJIA | +1.45% |
Nikkei 225 | +0.85% |
Australia 200 | -0.25% |
Futures on US equity benchmarks are down currently after US stocks closed up on Friday following Commerce Department report showing the personal consumption expenditures price index jumped 1% over month in June, outpacing personal income gains, which rose just 0.6%. The three main US stock benchmarks recorded daily gains ranging from 1.0% to 1.9%.
European stock indexes futures are mixed currently after ending up on Friday with oil and gas shares leading gainers. Asian indexes futures are mixed today with Hong Kong’s Hang Seng Index leading gains despite official data indicating China's factory activity contracted in July.
Commodity Market news
Commodities | Change |
Brent Oil | -0.07% |
WTI Crude Oil | -0.91% |
Brent is down today. Oil prices ended higher on Friday despite energy services firm Baker Hughes report US oil rigs, an early indicator of future output, increased for a record 23rd month in a row. West Texas Intermediate (WTI) futures rose 2.3% but is lower currently. Brent crude gained 2.1% to $103.97 a barrel on Friday.
Gold Market News
Metals | Change |
XAU/USD | +0.04% |
Gold prices are edging up today. Prices ended higher on Friday: spot gold added 0.52% to $1765.34 an ounce.