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

$5000 BitCoin Rewards Bonus Forex Promotion – UFX

$5000 BitCoin Rewards Bonus Forex Promotion – UFX(0)

$5000 BitCoin Rewards Bonus Forex Promotion. Only with UFX Broker can you Trading  BitCoin without the need of a Bitcoin exchange or any complicated Bitcoin wallets and addresses. Link:  $5000 BitCoin Rewards Bonus Promo Link:  $50 Free and Trade in Three Steps Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion

300% Tradable Bonus Promo up to $3000 – MarketsYes

300% Tradable Bonus Promo up to $3000 – MarketsYes(0)

300% Tradable Bonus Promotion up to $3000. MarketsYes is offering all prospective clients’ deposit for up to 3000 USD/EUR/GBP a 300% Forex Tradable Bonus. Link:  300% Tradable Bonus Promotion Link:  Risk Free Trade plus Forex Free Signals Available to: All new traders Ending Date: 31 December 2018 Bonus Offer: 300% Tradable Bonus Promotion up to

Get 300% Ramadan Welcome Bonus Campaign – FBS

Get 300% Ramadan Welcome Bonus Campaign – FBS(0)

Get 300% Ramadan Welcome Bonus Campaign. Register a Ramadan Forex Live Trading Account now and get a 300% Ramadan Welcome Bonus Campaign for deposits starting from $100 Link:  300% Ramadan Bonus Campaign Link:  $123 Forex No Deposit Bonus Link:  100% Deposit Bonus Promotion Available to: All new traders Ending Date: 31 December 2018 Bonus Offer:

$100 Binary Options No Deposit Bonus Contest – AYREX

$100 Binary Options No Deposit Bonus Contest – AYREX(0)

$100 Free Binary Options No Deposit Bonus Contest is a competition open to all AYREX account holders via demo accounts created automatically upon registration and used solely for contest participation Link:  $100 Free Win in Just One Hour Link:  $30 Binary Options No Deposit Bonus Link:  30% Binary Options Deposit Bonus Contest Ending Date: 31

$50 Free Bonus Promotion Start Trading Bitcoin – UFX

$50 Free Bonus Promotion Start Trading Bitcoin – UFX(0)

Get a $50 Free Bonus Promotion Start Trading Bitcoin with UFX. Forex Trading Bitcoin with UFX is simple and gives you the opportunity to increase your return whether BTC prices RISE or FALL Link:  $50 Free and Trade in Three Steps Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion Available

30% Binary Options Welcome Bonus up to $1000 – Ayrex

30% Binary Options Welcome Bonus up to $1000 – Ayrex(0)

30% Binary Options Deposit Bonus Up to $1000 to all new Traders. Welcome Bonus can be applied to a deposit that equals 100 EUR/USD or a larger amount Link:  $100 Free Win in Just One Hour Link:  $30 Binary Options No Deposit Bonus Link:  30% Binary Options Deposit Bonus Ending Date: 31 December 2018 Bonus

Up to 200% Bonus Forex and Binary Options – Grand Capital

Up to 200% Bonus Forex and Binary Options – Grand Capital(0)

Up to 200% Bonus Forex and Binary Options Promotion to your Deposit to All clients. The Bonus Promo size ranges from 60% to 200%, depending on the account type, deposit amount and the term of trading with Grand Capital. Link:  Up to 200% Bonus to your Deposit Link: Up to 444% Profit Receive for a

$15 Cashback Rebate Bonus per Lot Traded – FBS

$15 Cashback Rebate Bonus per Lot Traded – FBS(0)

Get $15 Cash back Rebate Bonus per Lot Traded to All new traders. $15 Cashback Rebate Bonus service is unavailable for the clients, who registered their accounts via their partners. Link:  $123 Free Special Bonus Promotion Link:  100% Deposit Bonus Promotion Link:  $88.8 Lucky No Deposit Required Bonus (for Malaysian traders) Available to: All new

100% Cashback Loyalty Bonus & $50 Free Bonus – UFX

100% Cashback Loyalty Bonus & $50 Free Bonus – UFX(0)

UFX 100% Rewards Cashback Loyalty Programme and $50 Forex No Deposit Bonus Special Bonus to All new and existing accounts. Learn about Forex trading bonus promotion Link:  $50 Free and Trade in Three Steps Link:  100% Rewards Cashback Loyalty Promo Link:  $50 Free No Deposit Bitcoin Bonus Available to: All new trading account Ending Date:

Free Trading Signals and Forex Free E-books – Trade12

Free Trading Signals and Forex Free E-books – Trade12(0)

Get 100% Forex Deposit Bonus and Free Forex Daily Trading Signals, Forex Free E-books, Boost your trading with a free 100% Welcome Deposit Bonus to your Live Trading Account. Link:  Free Daily Forex Trading Signals Link:  Get 100% Welcome Deposit Bonus Link:  50% Exclusive Deposit Bonus Link:  Free Trader Education and Free Ebooks Link:  Free

read more

Forex Featured Broker

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