08 April 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
Dollar stuck near two-week lows amid lower U.S. yields
Asia shares loiter as S&P futures climb fresh peak
Oil up on global economic recovery, but hefty U.S. fuel stocks weigh
The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting offered no new catalysts to dictate market direction.
Fed officials remained cautious about the risks of the pandemic – even as the U.S. recovery gathered steam amid massive fiscal stimulus – and committed to pouring on monetary policy support until a rebound was more secure, the minutes showed Wednesday.
The dollar index which measures the greenback against a basket of six currencies, was little changed at 92.425 early in the Asian session, after dipping to as low as 92.134 on Wednesday for the first time since March 23.
The dollar was little changed at 109.78 yen, stabilising after its retreat from a more than one-year high of 110.97 reached on March 31. The euro consolidated around $1.1865 after rebounding from an almost five-month low of $1.1704, also touched on March 31.
Asian share markets lagged on Thursday as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery.
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, and also little changed on the week.
Japan’s Nikkei eased 0.3% and Chinese blue chips 0.1%, with trading very subdued.
The outperformance of the U.S. economy helped S&P 500 futures add 0.3% to a new peak, while Nasdaq futures gained 0.4%. EUROSTOXX 50 futures firmed 0.2% and FTSE futures 0.3%.
Oil futures inched higher on Wednesday on an improving global economic outlook, but gains were capped by rising gasoline inventories and fears that new coronavirus outbreaks will weaken a global recovery in fuel demand.
Brent crude futures settled at $63.16 a barrel, up 42 cents, or 0.7%. U.S. West Texas Intermediate crude settled at $59.77 a barrel, gaining 44 cents, or 0.7%.
U.S. crude stocks fell 3.5 million barrels last week, but gasoline inventories jumped 4 million barrels
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Major Economic Events
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