Global stocks mixed after US stocks post weekly gains

Dmitry Lukashov IFC Markets

Todays’ market summary

The Dollar strengthening is intact.
Futures on US equity benchmarks are down.
Brent is extending losses today weighed by disappointing Chinese data.
Gold prices are edging down today.

Top daily news

Equity indexes are pointing indifferent directions currently after US stocks ended solidly higher on Friday. Facebook shares rose 1.7% despite reports the rate at which teens use Facebook is rapidly declining, Tesla shares rallied 4.67% on Friday outperforming market.

Forex news

Currency Pair	Change
EUR USD	-0.84%
GBP USD	-0.3%
USD JPY	-0.02%
AUD USD	-0.7%

The Dollar strengthening 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, rose 0.4% on Friday while the University of Michigan data showed consumer sentiment improved slightly in August.

EUR/USD joined GBP/USD’s continuing sliding Friday as data showed that UK gross domestic product (GDP) shrank by 0.1% over quarter in the second three months of the year, less than the 0.3% contraction expected. Both Pound and euro are lower against the Dollar currently. Both USD/JPY and AUD/USD continued their climbing Friday with the yen higher against the Greenback currently and Australian dollar lower.

Stock market news

Indices	Change
Dow Jones Index	-0.19%
Nikkei Index	+0.17%
Hang Seng Index	-0.45%
Australian Stock Index	-0.14%

Futures on US equity benchmarks are down currently after US stocks closed higher on Friday following the University of Michigan report showing consumer sentiment improved in August. The three main US stock benchmarks recorded daily gains ranging from 1.3% to 2.1%.

European stock indexes futures are mixed currently after ending up on Friday with travel and leisure shares leading gains. Asian indexes futures are mixed today with Hong Kong’s Hang Seng Index leading losses despite China's central bank cutting key lending rates after Chinese data showed retail sales and industrial output both rose by less than expected in July.

Commodity market news

Commodities	Change
Brent Crude Oil	-1.14%
WTI Crude	-1.5%

Brent is extending losses today weighed by disappointing Chinese data. Oil prices ended lower on Friday on expectations that supply disruptions in the US Gulf of Mexico would be short lived. On Thursday, top US Gulf of Mexico oil producer Shell said it halted production at three deep-water platforms. And the energy services firm Baker Hughes reported US active oil rigs count, an early indicator of future output, rose by three to 601 last week. West Texas Intermediate (WTI) futures fell 2.4% and is lower currently. Brent crude lost 1.5% to $98.15 a barrel on Friday.

Gold market news

Metals	Change
Gold	-0.81%

Gold prices are edging down today. Prices ended higher on Friday: spot gold gained 0.7% to $1801.97 an ounce.

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Author

Dmitry Lukashov

IFC Markets

Dimtry Lukashov is the senior analyst of IFC Markets. He started his professional career in the financial market as a trader interested in stocks and obligations.

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