World Markets
05 August 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar firms as Fed members talk of tightening
- Asia-Pacific stocks mixed; Australia’s trade data for June ahead
- Oil prices rise on Mideast tensions; crude stock build caps gains
Currency
The dollar was poised to push higher on Thursday as hawkish comments from the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe and Japan remain distant prospects.
The euro was down at $1.1837, having recoiled from a top of $1.1899 overnight and marking another failure to crack resistance around $1.1910. The dollar also bounced to 109.51 yen, from a trough of 108.71 on Wednesday, negating what had been a bearish break on the downside.
Equity
Shares in Asia-Pacific were mixed in Thursday morning trade, following declines overnight on Wall Street that saw the Dow Jones Industrial Average dropping more than 300 points.
The Shanghai composite in mainland China declined 0.46% while the Shenzhen component shed 0.864%. Hong Kong’s Hang Seng index edged 0.25% higher. Japan’s Nikkei 225 gained 0.31% in morning trade while the Topix index advanced 0.25%. South Korea’s Kospi stood little changed. In Australia, the S&P/ASX 200 rose 0.12%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.11% higher.
Overnight stateside, the Dow dropped 323.73 points to 34,792.67 while the S&P 500 slipped 0.46% to 4,402.66. The Nasdaq Composite outperformed as it rose 0.13% to 14,780.53.
Oil
Oil prices edged higher on Thursday, supported by tensions in the Middle East, but failed to regain most of the previous day’s losses after a surprise build in crude stockpiles in the United States, the world’s top oil consumer.
Brent crude oil futures rose by 14 cents, or 0.2%, to $70.52 a barrel , while U.S. West Texas Intermediate (WTI) crude futures increased by 18 cents, or 0.3%, to $68.33 a barrel. Both benchmarks fell by more than $2 a barrel on Wednesday.
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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.
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