Financial Markets Daily

In the currency market

Euro: The euro fell against the dollar for the first time in five days, closing down 0.05% at 1.1854. Technically, the initial resistance to the upward movement of the exchange rate is at 1.1879, further resistance is at 1.1906, and the key resistance is at 1.1921. The initial support is at 1.1837, further support is at 1.1822, and more critical support is at 1.1796.

Sterling: Rose for the fourth day in a row to close at 1.3269, up 0.17%. Technically, the initial resistance to the exchange rate upward is at 1.3305, further resistance is at 1.3343, and key resistance is at 1.3375. The initial support is at 1.3235, further support is at 1.3203, and more critical support is at 1.3165.

Yen: Dollar/yen fell for the fifth day in a row, closing down 0.37% at 103.77. Technically, the initial resistance to the exchange rate upward is at 104.12, further resistance is at 104.44, and key resistance is at 104.67. Initial support for the lower exchange rate is at 103.57, further support is at 103.34, and more critical support is at 103.03.

The stock market

New York (Ap) — News of a breakthrough in Pfizer inc. ‘s coVID-19 vaccine spurred early gains on Wednesday, with the Dow Jones Industrial Average up as much as 147 points before hitting an intraday high of 29,930. However, the COVID-19 epidemic in the US is still worsening, the two parties have not been able to negotiate a new bailout plan, plus Trump has not recognized the presidential election results, the political and economic outlook is full of uncertainties, the dow slightly turned down in the middle of the day, the losses widened in the late session, the index also repeatedly back, the Nasdaq repeatedly stable. The Dow Jones Industrial Average closed down 344.90 points, or 1.16%, at 29438.42. The S&P 500 closed down 41.70 points, or 1.16%, at 3,567.80. The Nasdaq Composite index closed down 99.10 points, or 0.83%, at 11800.27.

London (Marketwatch) – European shares closed higher on Wednesday as positive news on the imminent arrival of the coVID-19 vaccine continued to rally. The Pan-European Stoxx 600 index closed up 1.72 points, or 0.44%, at 390.54. Auto stocks led the way, up 1.3%. Germany’s DAX30 index closed up 68.42 points, or 0.52%, at 13201.89. Britain’s FTSE 100 index closed up 19.91 points, or 0.31%, at 6,385.24. France’s CAC-40 index closed up 28.45 points, or 0.52 percent, at 5,511.45. In Europe, the Stoxx 50 index closed up 12.77 points, or 0.37%, at 3,481.25. Spain’s IBEX35 index rose 45.70 points, or 0.58%, to close at 79,80.00. Italy’s FTSE MIB index closed up 187.55 points, or 0.87%, at 21,622.66.

Commodity markets

Spot gold closed at $1,871.76 an ounce, down $7.58, or 0.40 percent, after hitting an intraday high of $1,884.75 an ounce and a low of $1,863.88 an ounce.

COMEX gold for December delivery ended down $11.2 at $1,871.10 an ounce.

News of vaccine developments from Pfizer and BioNTech continued to rally the market, while us crude futures ended the day higher after data from the US Energy Information Administration showed us commercial crude oil inventories rose less than expected last week. U.S. WTI crude for December delivery closed up 39 cents, or 0.94 percent, at $41.82 a barrel after hitting an intraday high of $42.68. Brent Crude for January delivery closed up 59 cents, or 1.35 percent, at $44.34 a barrel. Earlier in the session, U.S. Oil closed up 9 cents, or 0.22 percent, at $41.43 a barrel. Cloth oil closed down 7 cents, or 0.16 percent, at $43.75 a barrel.

Leave a Reply

Your email address will not be published. Required fields are marked *