The dollar on its way to its sixth weekly gain; decline in Asian markets, mixed situation in Europe – Global markets today while the US slept
On Thursday, January 9, American markets were closed as a sign of respect for the deceased former President Jimmy Carter.
US futures at 6:00 a.m. (EST)
- Dow futures fell 0.10%, S&P 500 futures fell 0.21% and Nasdaq 100 futures fell 0.23%.
- US stock futures fell, weighed down by optimism from the Fed, a strong labor market and inflation fears. Markets are waiting for December employment figures to get an idea of the rate. Earnings season and rising oil prices are also at work.
Asian markets today
- On Friday, the Nikkei 225 closed down 1.04% at 39,208.50, hurt by losses in the shipbuilding, energy and insurance sectors.
- Australia’s S&P/ASX 200 index fell 0.42% to end the session at 8,294.10, with the fall led by declines in the financial, consumer staples and healthcare sectors.
- India’s Nifty 50 closed 0.38% lower at 23,437.35, and the Nifty 500 fell 1.11% to 21,801.10. The losses were caused by the energy, real estate and public enterprise sectors.
- China’s Shanghai Composite lost 1.33% and closed at 3,168.52, while the Shenzhen CSI 300 fell 1.25% and ended the day at 3,732.48.
- Hong Kong’s Hang Seng closed the session down 0.92% at 19,064.29.
Eurozone at 6:00 a.m. (EST)
-- The European STOXX 50 index increased by 0.09%.
- The German DAX gained 0.20%.
- The French CAC 40 increased by 0.21%.
- The UK’s FTSE 100 index fell 0.25%.
Raw materials at 6:00 a.m. (EST)
- WTI crude oil was trading 2.25% higher at $75.81 a barrel, and oil benchmark Brent was up 2.46% at $78.83 a barrel.
- Oil prices rose for the third straight week as investors worried about a shortage caused by sanctions on Russia and Iran, cold weather boosting fuel demand, and inflation fears despite the strength of the American dollar.
- Natural gas rose 4.16% to $3.852.
- Gold was trading 0.63% higher at $2,709.21, silver rose 0.61% to $31.230, and copper climbed 0.69% to $4.3395.
Forex at 6:00 a.m. (EST)
- The U.S. Dollar Index fell 0.01% to 109.17, USD/JPY rose 0.01% to 158.08 and USD/AUD gained 0.12% to 1.6159 .
- The U.S. dollar is on track for a sixth consecutive weekly gain, driven by high U.S. Treasury yields, inflation fears and expectations of strong employment figures in the nonprofit agricultural sector, which could mean a long-term maintenance of higher rates.
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