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Message: [QUOTE="IFC Markets, post: 175194, member: 18359"] [SIZE=6][B]Dollar strengthening resumes[/B][/SIZE] [B]US stock market [/B] recovered part of previous session losses on Monday amid unresolved concerns about possible Iranian retaliation after US airstrike killed top Iranian commander in Iraq. The [I] S&P 500 [/I] advanced 0.4% to 3246.28. Dow Jones industrial added 0.2% to 28703.38 . The [I] Nasdaq [/I] rose 0.6% to 9071.46. The dollar strengthening reversed despite Markit report US Composite PMI was revised higher to 52.7 from a preliminary of 52.2 in December of 2019. 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 0.3% to 96.62 but is higher currently. Futures on stock indexes point to higher openings today. [SIZE=6][B]European indexes retreated despite positive data[/B][/SIZE] [B] European stocks [/B] retreat continued on Monday despite Markit report euro-zone business activity expanded in December. Both the [I] EUR/USD [/I] and [I] GBP/USD [/I] reversed their declines yesterday with dynamics reversed currently for both pairs. The Stoxx Europe 600 index lost 0.5% led by travel and auto shares. The [I] DAX 30 [/I] fell 0.7% to 13126.99. France’s [I] CAC 40 [/I] slid 0.5% while UK’s FTSE 100 retreated 0.6% to 7575.34 despite report UK services PMI inched up to the 50 mark which separates growth from contraction. [IMG alt="DE30 rebounding inside channel 01/07/2020 Market Overview IFC Markets chart"]https://ifccd.net/uploads/image/DE30_06January2020.jpg[/IMG] [SIZE=6][B]Nikkei leads Asian Indexes recovery[/B][/SIZE] [B]Asian stock indices[/B] are mostly higher today. [I] Nikkei [/I] rebounded 1.6% to 23575.72 as yen slowed its slide against the dollar. Markets in China are recovering: the [I] Shanghai Composite Index [/I] is up 0.7% while Hong Kong’s [I] Hang Seng [/I] Index is 0.6% higher. Australia’s All Ordinaries Index extended gains 1.4% as Australian dollar reversed its climb against the greenback. [SIZE=6][B]Saudi Aramco shares fall as Brent falls[/B][/SIZE] [B]Brent futures prices [/B] are edging lower today. Prices ended higher yesterday: February Brent crude closed 0.5% higher at $68.91 a barrel on Monday. Saudi Aramco ‘s shares continue trading on the country’s Tadawul exchange. Shares fell 1.7% on Sunday, followed by 1.2% decline on Monday against the background of heightened tensions between the US and Iran. After Aramco became the first company to hit a $2 trillion valuation on December 12, its market value has fallen by $200 billion since its mid-December peak. Shares are currently at 34.35 riyals, 7.3% higher than its offering price of 32 riyals ($8.53). [SIZE=6][B]Gold up despite higher Dollar[/B][/SIZE] [B] Gold [/B] prices are edging higher today. Gold prices ended at near seven month high on Monday: February gold added 1.1% on Monday. [/QUOTE]

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