Financial Markets Daily

In the currency market

Euro: The euro fell against the dollar for the first time in five days, closing down 0.35% at 1.1818. On the technical front, the initial resistance to the upward movement of the exchange rate is at 1.1853, the further resistance is at 1.1887, and the key resistance is at 1.1908. The initial support is at 1.1797, the further support is at 1.1776, and the key support is at 1.1742.

Sterling: The pound fell against the DOLLAR for the first time in five days, closing down 0.46 per cent at 1.3081. Technically, the initial resistance to the exchange rate upward is at 1.3131, further resistance is at 1.3182 and key resistance is at 1.3213. The initial support is at 1.3050, further support is at 1.3020, and more critical support is at 1.2969.

Yen: Usd/JPY turned higher, closing at 104.80, up 0.24%. Technically, the initial resistance to the exchange rate upward is at 104.99, further resistance is at 105.18, and the key resistance is at 105.44. Initial support for the lower exchange rate is at 104.54, further support is at 104.28, and more critical support is at 104.09.

The stock market

Madrid (Marketwatch) – European stocks edged lower Thursday as investors digested uncertainty from a U.S. novel Coronavirus stimulus plan, the latest consumer confidence data and a slew of corporate earnings. In Europe, the Stoxx 600 index closed down 0.52 points, or 0.14 percent, at 360.27. Technology shares fell 1.1%, while travel and leisure stocks rose 1.5%. Germany’s DAX30 index closed down 14.58 points, or 0.12%, at 12,543.06. Britain’s FTSE 100 index closed up 9.15 points, or 0.16%, at 5,785.65. The CAC-40 index in France closed down 2.57 points, or 0.05 percent, at 4,851.38. In Europe, the Stoxx 50 index closed down 12.05 points, or 0.38 percent, at 3,168.65. Spain’s IBEX35 index closed down 14.50 points, or 0.21%, at 6,797.00. Italy’s FTSE MIB index closed down 9.00 points, or 0.05%, at 19,076.95.

The Dow Jones Industrial Average fell 170 points earlier in the day to 28,040 as the last presidential debate before the November 3 election and uncertainty over bailout negotiations continued to play out. Into the end of the period, driven by the good financial stocks, the Dow recovered more than 200 points; Technology stocks have lagged behind. At the close, the Dow Jones Industrial Average was up 152.80 points, or 0.54%, at 28363.66. The S&P 500 index closed up 17.90 points, or 0.52%, at 3,453.49. The Nasdaq Composite Index closed up 21.30 points, or 0.19%, at 11506.01.

Commodity markets

Spot gold closed at $1,903.65 an ounce, down $20.15, or 1.05 percent, after hitting an intraday high of $1,925.26 and a low of $1,983.33 an ounce.

COMEX gold for December delivery ended down $24.90, or 1.31 percent, at $1,904.60 an ounce.

Oil prices rose on Thursday, helped by a potential slowdown in Opec + production. But upward momentum has been limited by a renewed surge in confirmed COVID-19 cases worldwide, rising gasoline inventories in the United States, the resumption of production in Libya, and a rapid increase in oil exports. U.S. WTI crude for December delivery closed up 61 cents, or 1.52 percent, at $40.64 a barrel at press time. Brent crude for December delivery closed up 73 cents, or 1.75 percent, at $42.46 a barrel. Earlier, IT closed down $1.67, or 4 percent, at $40.03 a barrel. Cloth oil closed down $1.43, or 3.31 percent, at $41.73 a barrel.

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