Wednesday, January 26, 2022

There is no single trend in global equities ahead of US retail sales data

Today’s Market Summary

  • The weakness in the dollar continues.

  • Futures on the three major US stock indices are mixed.

  • Brent is growing fast.

  • Gold prices are rising.

top daily news

Equity index futures are currently mixed at 14:30 CET ahead of the US retail sales report following a pullback on Wall Street Thursday. Facebook shares lost a 2.03% underperforming market before today’s report Meta is being sued for £2.3bn in a class action lawsuit that claims 44 million Facebook users in the UK signed up to the social network Apple stock was down 1.9% Thursday after its data was exploited.

forex news

currency pair Change
EURUSD +0.07%
GBPUSD +0.12%
USDJPY -0.38%

The weakness in the dollar continues for the time being. Live dollar index data shows the ICE US dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.1% on Thursday after the US Labor Department reported that 230 thousand Americans sought unemployment benefits last week. of, up from 207 thousand last week.

EUR/USD and GBP/USD both continued their climb yesterday. Both the pound and the euro are currently trading higher against the dollar. AUD/USD joined yesterday’s continued decline in USD/JPY, with both the yen and the Australian dollar currently trading higher against the greenback.

stock market news

indices Change
dow jones index +0.03%
Nikkei Index -1.21%
Hang Seng Index -0.59%
australian stock index -0.33%

Futures on the three main US stock indices are currently mixed with the US 10-year Treasury note yield at 1.766%. US stock markets resumed a comeback on Thursday as Fed Governor Lyle Brainard indicated rates would rise in March to tackle inflation, while wholesale price inflation hit a new 12-month record in December. The three main US stock benchmarks posted daily losses of 0.5% to 2.5%, led by tech stocks.

European stock indexes are currently mixed after closing lower on Thursday led by home goods stocks. Asian indices today retreated mostly led by the Nikkei as data showed Japan’s wholesale inflation rose 8.5% year-on-year in December, the second-fastest pace on record.

Commodity Market News

Goods Change
brent crude oil +0.79%
wti crude +0.73%

Brent is growing fast. Prices edged lower yesterday after the US Energy Information Administration on Wednesday indicated that total domestic crude inventories fell by 4.8 million barrels last week, but the decline was more than offset by a stock build in refined products. US oil benchmark West Texas Intermediate (WTI) ended down 0.6% but is currently higher. Brent crude fell 0.2% to $84.47 a barrel on Thursday.

gold market news

metals Change
Sleep +0.26%

Gold prices are rising today. February gold fell 0.3% to close at $1821.40 on Thursday, marking the first daily decline in five sessions.

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