Financial Markets Daily

In the currency market

Euro: The euro rose for the third day in a row to close at 1.2145, up 0.27%. Technically, the initial resistance to the exchange rate upward is at 1.2176, further resistance is at 1.2212, and key resistance is at 1.2249. Initial support for the lower exchange rate is at 1.2102, further support is at 1.2065, and more critical support is at 1.2029.

Sterling: Sterling turned higher against the DOLLAR, closing 0.63% higher at 1.3448. On the technical front, the initial resistance to the upward movement of the exchange rate is at 1.3509, further resistance is at 1.3578, and key resistance is at 1.3656. Initial support for the lower exchange rate is at 1.3362, further support at 1.3284, and more critical support at 1.3215.

Yen: Usd/JPY turned lower, closing down 0.54% at 103.84. Technically, the initial resistance to the exchange rate upward is at 104.35, further resistance is at 104.87, and the key resistance is at 105.21. The initial support for the lower exchange rate is at 103.49, further support is at 103.15, and more critical support is at 102.63.

The stock market

The Dow Jones Industrial Average closed up 85.70 points, or 0.29%, at 29,969.52. The S&P 500 closed down 2.30 points, or 0.06 percent, at 3,666.71. The Nasdaq Composite Index closed up 27.80 points, or 0.23%, at 12,377.18.

London (Marketwatch) – European stocks ended mixed on Thursday as uncertainty over Britain’s exit from the European Union weighed on investor sentiment. The Pan-European Stoxx 600 index closed flat, up 0.03 point, or 0.01%, at 391.72. Travel and leisure surged 3.5%, while chemicals fell 1.1%. Germany’s DAX30 index closed down 60.38 points, or 0.45%, at 13,252.86. Britain’s FTSE 100 closed up 26.88 points, or 0.42%, at 6,490.27. France’s CAC40 index closed down 8.65 points, or 0.16%, at 5,574.36. In Europe, the Stoxx 50 index closed down 2.87 points, or 0.08 percent, at 3,518.45. Spain’s IBEX35 index closed down 19.80 points, or 0.24%, at 8201.00. Italy’s FTSE MIB index closed up 35.20 points, or 0.16 per cent, at 22,77.40.

Commodity markets

Spot gold closed at $1,840.87 an ounce in late U.S. trading, up $10.43, or 0.57 percent, after touching as high as $1,843.87 an ounce and as low as $1,823.64.

February gold futures ended up 0.6 percent at $1, 841.10 an ounce on COMEX.

Two major oil futures extended gains in the previous session on Thursday. U.S. WTI crude for January delivery closed up 36 cents, or 0.79 percent, at $45.64 a barrel. Brent crude for February delivery closed up 46 cents, or 0.95 percent, at $48.71 a barrel. Earlier in the session, U.S. Oil closed up 73 cents, or 1.64 percent, at $45.28 a barrel. Cloth oil closed up 83 cents, or 1.75 percent, at $48.25 a barrel.

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