Subscribe to RSS

US dollar up as global equities advance on investor optimism

US stocks edged higher on Monday helped by better than expected corporate reports, but the gains were limited by falling commodity prices. The dollar strengthened, the ICE US dollar index closed up 0.17%, hitting a three-month high in intraday trading. The S&P 500 ended 0.1% higher at 2,128.27. Gains in technology companies helped Nasdaq close at a record high for three sessions in a row. PayPal gained 5.4% in the first trading day after spin-off from eBay. Halliburton rallied 7.8% after earnings beat expectations. St. Louis Fed President James Bullard, a non-voting member on Fed’s policy-setting committee, said there is a better than 50 percent chance that the Federal Reserve will raise interest rates in September. US companies are expected to post their worst sales decline in nearly six years in the second quarter, in part due to the strong dollar that reduces the value of overseas revenue of US companies. So far 55 percent of corporate reports have exceeded revenue forecasts, below the 61 percent average beat rate since 2002. And 70% of companies have reported earnings exceeding analyst expectations, above the 63 percent average beat rate since 1994, while earnings are expected to decline 2.1% in the quarter. The trading volume was 5.84 billion shares on US exchanges, about 11% below the average so far this month. No important economic data are expected today in US.

European stocks are advancing today. On Monday they rose for ninth straight session after Greece agreed last week to austerity measures demanded by euro-zone creditors for third bailout package. The Stoxx Europe 600 index rose 0.3%, Germany’s DAX 30 index was up 0.5% and France’s CAC 40 gained 0.4%. Euro weakened against the dollar. The European Union on Friday approved a bridge loan of 7.16 billion euros to Greece. Greece had to repay 4.2 billion euros to European Central Bank on Monday. Athens used the money to pay its ECB debt on Monday and also repaid 2 billion euros to International Monetary Fund. Greece’s banks reopened on Monday after a three-week closure, although the country’s stock market remained closed. Capital controls are still in place. The new bailout negotiations are expected to last for weeks. IMF had called on euro-zone creditors to write off part of Greece’s debt, and on Sunday Angela Merkel said she was prepared to consider further debt concessions to Athens after the recently agreed economic reforms are launched. No important economic data are expected today in euro-zone. At 9:30 CET public sector net borrowing will be released in UK. The tentative outlook is positive for the Pound.

Nikkei rose 0.9% today to four-week high as yen weakened against the dollar and rising Chinese stocks and expectations for strong first quarter earnings bolstered investors’ confidence. Tomorrow at 05:30 CET second quarter All Industry Activity index will be released in Japan. The tentative outlook is negative.

Chinese stocks are advancing today for the fourth session in a row after interventions by regulators halted the selloff.

Oil prices are moving lower today following the slide on Monday, as softer global growth and strong supplies from Organization of the Petroleum Exporting Countries weigh on prices.

Gold prices stabilized today after crashing to five year low yesterday on reduced safe haven demand as dollar strengthens ahead of expected rate hike later in the year.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

Trading Cryptocurrency with Leverage 1:1000 – NordFX

Trading Cryptocurrency with Leverage 1:1000 – NordFX(0)

NordFX clients are enjoying the ability to Forex Trading the most popular cryptocurrencies Bitcoin, Litecoin and Ethereum using a 1:1000 leverage ratio Link:  Trading Crypto with Leverage 1:1000 Link:  Demo Cup contest prize fund is $42000 Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Why should one trade with us? The trading is

Receive 55% Bonus on your Deposit Money – NordFX

Receive 55% Bonus on your Deposit Money – NordFX(0)

55% Deposit Bonus Promotion to All New and Existing Customers. 55% Bonus on Deposit Fund your account with $100 – $8,000 and receive a trading bonus up to $4,400! Link:  Demo Cup contest prize fund is $42000 Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Available to:  All new and existing accounts Bonus offer: 

Up to 100% Bonus on your initial Deposit – FXtrade777

Up to 100% Bonus on your initial Deposit – FXtrade777(0)

Up to 100% Bonus promotions on your initial Deposit to all FXtrade777 New clients. Get more for your money at FXtrade777 with an unforgettable Up to 100% Welcome Bonus. Link:  Up to 100% Bonus on your initial Deposit Bonus Offer: Up to 100% Bonus promotions on your initial Deposit to all FXtrade777 New clients. FXtrade777

FIFA World Cup Football Matches Tournament – FBS

FIFA World Cup Football Matches Tournament – FBS(0)

FIFA World Cup Football Matches Tournament. Participate in the contest and win the visit to the biggest football tournament of the year in Russia. Link: FIFA World Cup Football Tournament Link:  Just Share a Greeting Card and Gifts Link:  $50 Free Will be credited to Your Account Link:  $88.8 Forex No Deposit Bonus Link:  $123 Forex

100% Withdrawable Deposit Bonus up to $5000 – NordFX

100% Withdrawable Deposit Bonus up to $5000 – NordFX(0)

100% Withdrawable Forex Deposit Bonus up to $5000. The 100% Withdrawable Deposit Bonus and the initial deposit can be withdrawn after the required number of lots is closed. Profits can be withdrawn without restrictions. Link:  Demo Cup contest prize fund is $42000 Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Available to: All

50% First Deposit Bonus Prom – Hirose Financial UK

50% First Deposit Bonus Prom – Hirose Financial UK(0)

50% First Deposit Bonus Promo Maximum Bonus Amount is $1000 for all customers. The 50% Special Bonus offer for Hirose Financial UK customers who make a deposit to Binary Options account. They can withdraw deposit and profit at anytime!! Link:  50% Deposit Bonus Promotion Available to: All new traders Bonus Offer: 50% Special Bonus offer

200% Pending Bonus for your Next Deposits – CTTrade

200% Pending Bonus for your Next Deposits – CTTrade(0)

200% Pending Bonus for the Next Deposits. Just make the re-deposit and during the day we will credit your 200% Pending Bonus. Link:  200% Pending Bonus for the Next Deposits Available to: All new account How to get Pending Bonus? Just make the re-deposit and during the day we will credit your bonus. This bonus

Free SERENITY Tokens New Year Promotion – Grand Capital

Free SERENITY Tokens New Year Promotion – Grand Capital(0)

Receive free SERENITY tokens for Forex, futures and cryptocurrency trading. The promotions is supported by SERENITY. The objective is to promote and brand the platform as a secure trading solution for trader Link:  Receive free SERENITY tokens for trading Link:  $500 Forex No Deposit Welcome Bonus Link:  Up to 444% Profit Receive for a single

$500 Chinese New Year Welcome Cash Bonus – ForexTime

$500 Chinese New Year Welcome Cash Bonus – ForexTime(0)

500 USD Chinese New Year with Cash Bonus Giveaway Promotion. Blessings for the Chinese New Year from ForexTime Get up to $500 Cash Bonus Giveaway Promotion. FXTM Link:  $500 Welcome Cash Bonus Promo Link:  Start Copy Trading your Perfect Partner Link:  $25 Per Referral Earn up to $10000 Link:  Receive $30 Tradeable Credit Free Bonus

The Ultimate IB Ride Forex Contest Promotion – Tickmill

The Ultimate IB Ride Forex Contest Promotion – Tickmill(0)

The Ultimate IB Ride Forex Contest. The Ultimate Forex IB Ride Contest Promotion is only available for clients of Tickmill Ltd. (FSA Regulated) Link:  The Ultimate IB Ride Forex Contest. Link:  $30 Free Welcome Bonus Promotion Link:  Weekly Demo Race Trading Contest Link:  Forex Monthly Live Trading Contest Available to: All new traders Bonus Offer:

read more

Forex Featured BrokerSocial Trading

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories