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Equities rally resumes after Powell testimony - 25.2.2021
Todays’ Market Summary
- The Dollar weakening continues currently
- The US stock futures are up currently
- Brent is edging higher currently.
- Gold prices are edging lower
Top daily news
Forex news
Currency Pair | Change |
EUR/USD | +0.18% |
GBP/USD | +0.06% |
USD/JPY | +0.13% |
AUDUSD | +0.86% |
The Dollar weakening continues currently ahead of the US Labor Department report at 14:30 CET expected to show 828 thousand Americans sought unemployment benefits over the last week, down from 861 thousand the previous week. 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, slid 0.1% Wednesday despite better than expected new home sales report for January.
EUR/USD joined GBP/USD’s continued climbing yesterday as German statistics bureau Destatis reported the German economy grew by more than expected in the final quarter of 2020, with strong exports and construction activity supporting GDP growth of 0.3%. Both Euro and Pound are higher against the Dollar currently. AUD/USD joined USD/JPY’s accelerated climbing Wednesday with the dynamics intact for both pairs currently.
Stock Market news
Indices | Change |
DJI | +0.09% |
GB100 | +1.25% |
NIKKEI | +1.67% |
HK50 | +0.08% |
AU200 | +0.05% |
The US stock futures are up currently after rebound Wednesday as Federal Reserve Chair Jerome Powell's comments allayed inflation worries. The three main US stock indexes booked gains ranging from 1% to 1.4% with Dow ending at a fresh record.
European stock indexes are higher currently after a bullish session Wednesday led by travel and leisure shares. Asian stock indexes are mostly rising today with Nikkei leading gains while Australia passed law requiring Google, Facebook to pay for news.
Commodity Market news
Commodities | Change |
#C-BRENT | +0.42% |
OIL | +0.48% |
#C-COPPER | +0.06% |
Gold Market News
Metals | Change |
XAUUSD | -0.67% |