Will we get a repeat today? S&P 500 futures are down 33 points, or 0.8%, as the selling momentum from Friday last week continues to reverberate. However, let’s not forget that even with the hotter US jobs report, there was a brief period that stocks pared losses in Wall Street before the late stumble again.
Gold prices hit a more than four-week low on Monday, as the U.S. dollar firmed after stronger-than-expected jobs data fanned concerns that the Federal Reserve might keep hiking interest rates. FUNDAMENTALS * Spot gold was little changed at $1,865.88 per ounce, as of 0045 GMT, after hitting its lowest level since Jan. 6 earlier in
Yen opens the week broadly lower on rumors that current ultra-loose monetary policy would be maintained by the next BoJ governor. Meanwhile, markets are mixed elsewhere. Dollar is paring some gains after initial rally, but stays generally firm. Australian Dollar is trying to recover with other commodity currencies. Swiss Franc is slightly outperforming other European
The major European indices are ending the day with mixed results: German DAX, -0.21% France’s CAC, +0.94% UK’s FTSE 100, +1.04% Spain’s Ibex, -0.04% Italy’s FTSE MIB -0.56% For the UK FTSE 100, the price moved above the old all-time high from 2018 at 7903.50. The intraday high price reached 7906.58 before rotating back to
WTI crude oil futures settled at $73.39 today. That was down -$2.49 or -3.28%. The high price reached $78.00 today. The low reached $73.13. The price traded to the lowest level going back to January 23. The low for the year reached $72.46 back on January 5th. The cycle low from December reached $70.08. For
Oil prices rose on Friday after strong U.S. jobs data, but were still set for weekly falls as investors sought more clarity on the imminent EU embargo on Russian refined products and more signs of demand recovery in top consumer China. Brent crude futures gained $1.16, or 1.4%, to $83.33 a barrel by 1456 GMT,
Dollar rebounds strongly and broadly in early US session after a set of stellar job data that blows past expectations. Stock futures dive on renewed concern that interest rate will stay high for lower while benchmark treasury yield rebounds. The question now is whether the greenback could overwhelm Yen and Swiss Franc to end the
Yen is stealing the show in the week of heavy weight events, powering up broadly with help of broad based decline in US and European treasury yields. Swiss Franc is following together with Euro while Dollar is just mixed. On the other hand, Sterling is the worst perform despite BoE rate hike, followed by Aussie