Stocks Rise After Wall Street Ended At Records
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Today’s Market Summary
- The Dollar's weakening is intact
- Futures on the three main US stock indexes are up
- Brent is edging lower currently.
- Gold prices are extending gains currently
Top daily news
Global equity indexes are advancing mostly currently after Wall Street rallied to new all-time highs on Tuesday on the back of mild inflation report. Nvidia shares gained 0.6% underperforming market after reports previous day on artificial intelligence chip leader's deal that secured a license to sell its H20 AI chips in China in exchange of paying 15% of the revenue from chip sales in China to the US government, Apple shares rose 1.0% on Tuesday after Bank of America reiterated the previous day its “Buy” rating on Alphabet with a price target of $217.00.
Forex news
| Currency Pair | Change |
| EUR USD | +0.2% |
| GBP USD | +0.2% |
| USD JPY | -0.2% |
| AUD USD | +0.3% |
The Dollar's weakening is intact currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, ended lower by 0.4% on Tuesday.
Both EUR/USD and GBP/USD resumed climbing yesterday as the Office for National Statistics reported UK employment grew greater than expected in the three months to June. Both the Pound and the euro are higher against the dollar currently. USD/JPY reversed its climb while AUD/USD reversed its slide on Tuesday, with both the yen and the Australian dollar higher against the Greenback currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | +0.2% |
| Nikkei Index | +0.3% |
| Hang Seng Index | +1.9% |
| Australian Stock Index | -0.5% |
Futures on three main US stock indexes are up currently, ahead of speeches by Federal Reserve Open Market Committee members Barkin, Goolsbee, and Bostic starting at 14:00 CET. Stock indexes closed solidly higher on Tuesday, recording daily gains in the range from 1.1% to 1.39% with the SP 500 and Nasdaq finishing at fresh records as US data showed stable inflation in July.
European stock indexes futures are mostly rising currently after closing mixed on Tuesday, while Norway’s $2 trillion sovereign wealth fund — the largest of its kind in the world — reported a return of 5.7% in the first half of the year, citing strong returns on financial stocks. Asian indexes futures are advancing mostly today, with Australia’s All Ordinaries ASX 200 Index defying the trend, weighed by losses in utilities, financials, and energy sector shares.
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | -0.1% |
| WTI Crude | -0.1% |
Brent is edging lower currently. Prices fell yesterday despite the Organization of the Petroleum Exporting Countries raising its forecast for global oil demand next year and trimming its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group. The Energy Information Administration (EIA) will release its US crude oil inventory data at 16:30 CET today. The US oil benchmark West Texas Intermediate (WTI) fell 0.6% and is currently lower. Brent lost 0.3% to $66.43 a barrel on Tuesday.
Gold Market News
| Metals | Change |
| XAUUSD | +0.2% |
Gold prices are extending gains currently. Spot gold reversed its retreat on Tuesday: it added 0.17% to $3348.34 an ounce.
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