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- Market Overview
Markets rebound buoyed by Biden-Xi call - 10.9.2021
Todays’ Market Summary
- The Dollar weakening continues currently
- Futures on three main US stock indexes are up
- is edging higher currently. Prices fell yesterday as China announced plan to release state oil reserves in order to help domestic refiners control costs. At the same time the Energy Information Agency reported US domestic crude stockpiles declined by smaller than expected 1.5 million barrels las week
- Gold prices are extending gains today
Top daily news
Forex news
Currency Pair | Change |
EUR/USD | +0.56% |
GBP/USD | +0.82% |
USD/JPY | +0.12% |
AUDUSD | +0.54% |
Dollar Index News
The Dollar weakening 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, lost 0.3% Thursday despite the US Labor Department report 310 thousand Americans sought unemployment benefits over the last week, down from 345 thousand the previous week.
Both GBP/USD and EUR/USD reversed their sliding Thursday as the European Central Bank kept its monetary policy unchanged but announced would slow down the pace of net asset purchases under its pandemic emergency purchase program. Both pairs are higher against the Dollar currently. USD/JPY reversed its advancing yesterday while AUD/USD ended little changed with yen lower against the Greenback currently while the Australian dollar is higher.
Stock Market news
Indices | Change |
DJI | +0.46% |
NIKKEI | +1.25% |
HK50 | +1.44% |
AU200 | +1.31% |
Futures on three main US stock indexes are up currently with US 10-year Treasury note yields inching up to 1.311%. The three main US stock benchmarks ended lower Thursday despite better weekly jobless claim data: they recorded daily losses in the range of -0.25% to -0.46%.
European stock indexes are higher currently following ECB’s revision upward of the euro zone’s growth forecast for this year . Indexes closed down Thursday with basic resources shares leading losses. Asian indexes are mostly higher today with Hong Kong’s Hang Seng leading gains in dip buying after the selloff the previous day.
Commodity Market news
Commodities | Change |
#C-BRENT | +1.97% |
OIL | +1.93% |
Gold Market News
Metals | Change |
XAUUSD | +0.45% |