Top daily news
Global stocks are mostly advancing currently after US stocks retreated on Wednesday following disappointing corporate reports. Microsoft shares slid 0.59% after the software giant issued gloomy guidance, Alphabet shares fell 2.54% on Wednesday underperforming market.
Forex news
The Dollar weakening is intact 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, slid 0.2% Wednesday.
GBP/USD joined EUR/USD’s accelerated climbing on Wednesday while the SP Global reported euro zone private sector resumed expanding in January. Euro and Pound are marginally lower against the Dollar currently. Both USD/JPY and AUD/USD accelerated their climbing yesterday with the yen higher against the Greenback currently and the Australian dollar lower.
Stock Market news
The US stock index futures are up currently ahead of Bureau of Economic Analysis advance report on GDP scheduled for 14:30 CET today. The three main US stock indexes ended mixed on Wednesday recording daily returns in the range from -0.2% to 0.03% as Microsoft’s report weighed on expectations for major IT companies.
European stock indexes futures are up currently after closing lower yesterday with oil and gas and media stocks leading losses. Asian stock indexes futures are mostly rising today with Hong Kong’s Hang Seng Index leading gains while mainland China markets remain closed .
Commodity Market news
Brent is edging down presently. Prices ended little changed after Energy Information Administration report US crude inventories rose by below-expected 533,000 barrels in the last week to 448.5 million barrels. The US oil benchmark West Texas Intermediate (WTI) futures added 2 cents but is lower currently. Brent crude slipped 1 cent to $86.12 a barrel on Wednesday.
Gold Market News
Gold prices have resumed retreating currently. Spot gold added 0.45% to $1945.78 an ounce on Wednesday.