22 July 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar, yen in retreat as risk sentiment revives
- Hong Kong and Taiwan jump 1% as Asia-Pacific stocks rise
- Oil prices keep overnight gains as demand hopes offset U.S. stock build
The safe-harbour U.S. dollar and yen remained on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks.
The dollar index, which measures the currency against six major peers, stood at 92.810 after pulling back from a 3 1/2-month high of 93.194 touched on Wednesday.
The yen traded at 130.045 per euro, from an almost four-month top of 128.610 earlier this week, and at 81.00 to Australia’s dollar, from a 5 1/2-month peak of 79.85. The euro stood at $1.1789, rising off Wednesday’s 3-1/2-month low of $1.1752 ahead of a closely watched European Central Bank policy decision later in the global day.
Shares in Asia-Pacific were higher in Thursday morning trade, with markets in Japan closed for a holiday.
Hong Kong’s Hang Seng index was among the biggest gainers regionally, rising 1.19% in early trade. The Taiex in Taiwan also gained 1.01%. Mainland Chinese stocks edged higher, with the Shanghai composite climbing about 0.1% while the Shenzhen component rose fractionally. South Korea’s Kospi gained 0.92% in morning trade. Elsewhere, the S&P/ASX 200 in Australia advanced 0.74%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.78% higher.
Overnight stateside, the Dow Jones Industrial Average gained 286.01 points to 34,798 while the S&P 500 rose 0.82% to 4,358.69. The Nasdaq Composite advanced 0.92% to 14,631.95.
Oil prices held on to most of their gains from the previous session on Thursday, as signs of stronger demand helped offset an unexpected rise in U.S. inventories.
Brent crude slipped 21 cents, or 0.3%, to $72.02 a barrel after rising 4.2% in the previous session. U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.3%, to $70.12 a barrel, after rising 4.6% on Wednesday.
Subscribe to our Newsletter
Disclaimer : All information in this report is collected from various sites on internet. Although we have taken all precautions for correct representation of data however we do not take any responsibility for any errors and omissions. The technical analysis and views expressed is authors own views. We are not responsible for any losses on account of following the same.