Top daily news
Global equities are rising currently ahead of the US consumer price index report for May after Wall Street dipped on Wednesday. Tesla shares slid 0.8% amid news Tesla's best-selling Model 3 sedan lost two designations from Consumer Reports after the company made changes to the car's automatic braking and front collision warning systems, Apple shares added 0.31% Wednesday outperforming the market.
Forex news
| Currency Pair | Change |
| EUR USD | -0.16% |
| GBP USD | -0.82% |
| USD JPY | -0.11% |
| AUD USD | +0.13% |
The dollar strengthening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 370 thousand Americans sought unemployment benefits over the last week, down from 385 thousand the previous week. 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, added 0.01% Wednesday as Census Bureau reported US wholesale inventories rose at steady 0.8% over month rate in April.
EUR/USD reversed its sliding while GBP/USD’s continued its retreating on Wednesday as federal statistics office Destatis reported German trade surplus rose again in April. USD/JPY continued its climb Wednesday while AUD/USD continued sliding with both yen and Australian dollar higher against the Greenback currently.
Stock market news
| Indices | Change |
| Dow Jones Index | +0.03% |
| Nikkei Index | +0.45% |
| Hang Seng Index | +0.34% |
| Australian Stock Index | +0.29% |
The US stock futures are up currently with the 10-year US Treasuries yield at 1.479% after falling below 1.5% Wednesday ahead of the Bureau of Labor Statistics US consumer inflation report today at 14:30 CET. The three main US stock indexes booked losses ranging from 0.1% to 0.4% Wednesday.
European stock indexes are mixed currently after ending in opposite directions Wednesday with health care shares leading gainers. European Central Bank will release its policy statement at 13:45 CET today, it is widely expected the bank will not change its current ultra-easy policy. Asian stock indexes are mostly rising today with Shanghai Composite leading gains amid reports Beijing and Washington officials spoke by telephone and agreed to promote healthy trade and cooperate over differences.
Commodity market news
| Commodities | Change |
| Brent Crude Oil | -0.17% |
| WTI Crude | -0.22% |
Brent is edging lower currently. Prices ended mixed Wednesday after Energy Information Administration reported US crude inventories fell by 5.2 million barrels last week. The EIA, however, also reported that gasoline supply climbed by 7 million barrels. The US oil benchmark West Texas Intermediate (WTI) futures slipped 0.1% and is lower currently. August Brent crude ended unchanged at $72.22 a barrel on Wednesday.
Gold market news
| Metals | Change |
| Gold | -0.5% |
Gold prices are edging lower today. August gold inched up 0.1% to $1895.50 an ounce on Wednesday as investors await US inflation data.
Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.
This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.
Recommended Content
Editors’ Picks
EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold keeps consolidating ahead of US first-tier figures
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.