Top daily news
Forex news
The Dollar strengthening has halted 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, added 0.1% Friday.
Both EUR/USD and GBP/USD continued their retreating on Friday while the British Finance Minister signaled he is pushing ahead with tax hikes. Both Pound and euro are lower against the Dollar currently. Both USD/JPY and AUD/USD reversed their advancing Friday with the yen higher against the Greenback currently and the Australian dollar lower still.
Stock Market news
US stocks are edging lower currently after closing higher on Friday supported by Bureau of Economic Analysis data showing the personal consumption expenditures price index growth moderated further in December. The three main US stock benchmarks recorded daily gains ranging from 0.1% to 0.95% on Friday.
European stock indexes futures are down currently after stocks closed higher on Friday led by auto shares. Asian indexes futures are lower today after mainland China trading opened with Hong Kong’s Hang Seng index leading losses dragged by steep losses in majors such as Alibaba Group Holding and Tencent Holdings.
Commodity Market news
Brent is edging lower currently. Prices ended lower on Friday amid estimates crude oil loadings from Russia's Baltic ports are set to rise by 50% this month from December as sellers try to meet strong demand in Asia. West Texas Intermediate (WTI) futures settled down 1.6% and is lower currently. Brent lost 0.9% to $86.66. Brent advanced just 3 cents from last week's settlement while the US benchmark WTI recorded a 2% loss.
Gold Market News
Gold prices are edging higher presently . Prices slowed their retreating on Friday: spot gold slipped 0.08% to $1927.29 an ounce.