Top daily news
Global markets are mixed today as President Trump said he was “dispatching thousands and thousands of heavily armed soldiers” to US cities facing protests that erupted after the death of a black man in police custody “if a city or state refuses to take the actions necessary to defend the life and property of their residents.” Global equities advanced yesterday buoyed by moderate US response - just threats and no tariffs - to China’s move to adopt new law restricting Hong Kong’s self-government.
Forex news
| Currency Pair | Change |
| EUR USD | +0.02% |
| GBP USD | +1.76% |
| USD JPY | -0.12% |
The Dollar weakening has halted today . 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, lost 0.5% Monday despite the Institute for Supply Management report which showed its manufacturing index rose to 43.1 in May from an 11-year low of 41.5 in April . Both GBP/USD and EUR/USD accelerated climbing Monday as Markit’s Manufacturing Purchasing Managers’ Index (PMI) for the euro zone rose to 39.4 in May from 33.4 in previous month. Pound is higher currently against the dollar while euro is down.
USD/JPY reversed its climb yesterday while
AUD/USD continued rising with the dynamics reversed for both pairs currently.
Stock Market news
| Indices | Change |
| Dow Jones Index | +0.51% |
| Nikkei Index | +1.33% |
| Hang Seng Index | +0.49% |
| Australian Stock Index | +0.52% |
Futures on three main US stock indexes are mixed currently. Stock indexes in US ended higher Monday supported by data showing manufacturing sector contraction slowed in May: the three main US stock indexes posted gains ranging from 0.4% to 0.7%. President Trump told US governors to get tougher on protesters amid outrage sparked by the death of a black man while he was in police custody.
European stock indexes are rising currently after a rebound on Monday led by travel and leisure shares. Asian indexes are higher currently led by
Nikkei . Chinese stocks are rising amid reports China’s government ordered to halt US soybean purchases.
Commodity Market news
| Commodities | Change |
| Brent Crude Oil | +0.47% |
| WTI Crude | +0.26% |
Brent is extending gains today. Oil prices ended higher on Monday against the background of report Russia and members of the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+, were considering an agreement to extend current output cuts by one or two months. The US oil benchmark
West Texas Intermediate (WTI) lost 0.1% Monday.
August Brent crude climbed 1.3% to $35.44 a barrel on Monday in thin trading due to market holidays for Germany, Switzerland, Denmark and Norway .
Gold Market News
Gold prices are extending losses today. August gold lost 0.1% to $1750.30 an ounce on Monday.
