Financial Markets Daily

In the currency market

Euro: The euro fell against the dollar for a second day, closing down 0.11 percent at $1.2108. Technically, the initial resistance to the exchange rate upward is at 1.2155, further resistance is at 1.2205, and key resistance is at 1.2243. Initial support for the lower exchange rate is at 1.2067, further support at 1.2029, and more critical support at 1.1980.

Sterling: Fell for the second day in a row, closing down 0.49 per cent at 1.3375. Technically, the initial resistance is at 1.3466, further resistance is at 1.3558, and key resistance is at 1.3680. The initial support is at 1.3253, the further support is at 1.3132, and the more critical support is at 1.3040.

Yen: Usd/JPY turned lower, closing down 0.12% at 104.04. Technically, the initial resistance to the exchange rate upward is at 104.27, further resistance is at 104.49, and key resistance is at 104.66. Initial support for the lower exchange rate is at 103.88, further support is at 103.70, and more critical support is at 103.49.

The stock market

New York (Marketwatch) — New York (Marketwatch) — New York (Marketwatch) — New York (Marketwatch) — New York (Marketwatch) — Stocks were mixed Monday as the Dow Jones Industrial Average opened 14 points higher at an all-time high of 30,233 points before falling more than 200 points by midpoint, hurt in part by weakness in Shares of Intel corp. and Caterpillar Inc. The NASDAQ also hit a record high before pining in gains. The Dow Jones industrial Average closed down 148.50 points, or 0.49%, at 30069.79, snapping a four-session winning streak. The S&P 500 closed down 7.20 points, or 0.19%, at 3,691.96. The Nasdaq Composite index closed up 55.70 points, or 0.45%, at 12,519.95.

European stocks ended lower on Monday, with the FTSE 100 index edging higher, as markets focused on a last-ditch effort to reach a post-Brexit trade deal with the EU. In Europe, the Stoxx 600 index closed down 1.20 points, or 0.30%, at 392.84. Germany’s DAX30 index closed down 27.96 points, or 0.21%, at 13,271.00. Britain’s FTSE 100 index closed up 5.16, or 0.08%, at 6,555.39. The CAC-40 index in France closed down 35.77 points, or 0.64%, at 5,573.38. In Europe, the Stoxx 50 index closed down 8.12 points, or 0.23%, at 3,531.15. ; Spain’s IBEX35 index closed down 43.90 points, or 0.53 percent, at 8,279.00. Italy’s FTSE MIB index closed down 71.62 points, or 0.32 per cent, at 22,107.18.

Commodity markets

Spot gold was last at $1,862.27 an ounce, up $23.56, or 1.28 percent, after peaking at $1,868.51 an ounce and as low as $1,821.83.

February gold futures on COMEX closed at $1,866.00 an ounce, up 1.41%.

Data from the American Petroleum Institute showed a sharp drop in crude inventories last week, and oil prices remained near current levels ahead of Wednesday’s Opec meeting to assess the effectiveness of the deal: U.S. WTI crude for September closed flat at $42.89 on Tuesday. Brent crude for October delivery rose 9 cents, or 0.2 percent, to $45.46 a barrel.

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