10 June 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar stuck near 5-month low as caution reigns ahead of U.S. CPI, ECB tests
- Asia-Pacific stocks edge higher ahead of U.S. inflation data release
- Oil slips as start of U.S. summer driving season fails to lift fuel demand
The dollar continued to hover near a five-month low versus major peers on Thursday as investors looked to key U.S. inflation data and a European Central Bank meeting later in the day to potentially set the direction for currency markets.
The dollar index has fluctuated narrowly around the psychologically important 90 level, and was last at 90.137. The euro rose to a one-week high at $1.2218 on Wednesday only to finish little changed, and was essentially flat at $1.2178 in Asia. The yen traded at 109.62 per dollar, also little changed from Wednesday and near the middle of the 109.19-110.325 range of the past two weeks.
Shares in Asia-Pacific edged higher in Thursday morning trade, as investors looked ahead to an upcoming release of U.S. inflation data for May.
The Shanghai composite in mainland China gained 0.44% while the Shenzhen component climbed 0.677%. Hong Kong’s Hang Seng index rose 0.57%. In Japan, the Nikkei 225 was 0.46% higher while the Topix index gained 0.21%. South Korea’s Kospi advanced 0.34%.
Shares in Australia nudged higher, with the S&P/ASX 200 up 0.48%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.55% higher. Overnight stateside, the Dow dropped 152.68 points to 34,447.14 — its third straight day of losses — while the S&P 500 slipped 0.18% to 4,219.55. The Nasdaq Composite declined roughly 0.1% to 13,911.75.
Oil prices slid on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand at the start of summer, the country’s peak season for motoring.
Brent crude oil futures were down 34 cents, or 0.5%, at $71.88 a barrel by 0108 GMT, while U.S. oil futures declined by 36 cents, or 0.5%, at $69.60 a barrel.
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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.