Financial Markets Daily

In the currency market

Euro: The euro fell for the fourth day in a row to close at 1.2082, down 0.15%. Technically, the initial resistance to the exchange rate upward is at 1.2132, further resistance is at 1.2184, and key resistance is at 1.2221. The initial support for the lower exchange rate is at 1.2043, further support is at 1.2006, and more critical support is at 1.1954.

Sterling: gained for the first time in four days to close at 1.3404, up 0.40%. Technically, the initial resistance is at 1.3470, further resistance is at 1.3542, and the key resistance is at 1.3606. The initial support is at 1.3334, further support is at 1.3270, and more critical support is at 1.3198.

Yen: USDJPY rose for the second day in a row to close at 104.22, up 0.08%. Technically, the initial resistance to the exchange rate upward is at 104.39, further resistance is at 104.58, and key resistance is at 104.75. Initial support for the lower exchange rate is at 104.04, further support is at 103.87, and more critical support is at 103.68.

The stock market

At the close, the Dow Jones Industrial Average was down 105.10 points, or 0.35%, at 30068.81. The S&P 500 closed down 29.40 points, or 0.80%, at 3,672.81. The Nasdaq Composite Index closed down 243.80 points, or 1.94%, at 12,338.95.

London (Marketwatch) – European stock markets closed mixed on Wednesday as the focus remained on the progress of talks on a post-Brexit trade agreement between the European Union and the United Kingdom. In Europe, the Stoxx 600 index gained 0.7 percent, with all sectors higher except technology stocks; Germany’s DAX30 index closed up 60.61 points, or 0.46%, at 13,339.10. The FTSE 100 index closed up 4.53 points, or 0.07%, at 6,563.35. France’s CAC-40 index closed down 13.85 points, or 0.25 percent, at 5,546.82. The Euro Stoxx 50 index closed up 2.38 points, or 0.07 percent, at 3,528.25. Spain’s IBEX35 index closed up 8.40 points, or 0.10%, at 8,236.00. Italy’s FTSE MIB index closed down 87.92 points, or 0.40 per cent, at 2,1965.50.

Commodity markets

Spot gold closed at $1, 840.02 an ounce, down $30.39 1.62 percent, after touching a high of $1, 870.81 an ounce and a low of $1, 825.24 an ounce.

COMEX gold for February delivery ended down 1.9 percent at $1,838.50 an ounce.

Negotiations for a new us bailout are still underway. Although the US Energy Information Administration raised its short-term energy outlook forecast for this year and next in the previous session, its latest data showed a surge in crude inventories by 15.189m barrels as of last week, which weighed on prices. Two major crude oil futures closed volatile on Wednesday. U.S. WTI crude for January delivery ended down 8 cents, or 0.17 percent, at $45.2 a barrel at press time. Brent crude for February delivery ended up 2 cents, or 0.04 percent, at $48.86 a barrel after hitting an intraday high of $49.55. Earlier in the session, American Oil closed down 16 cents, or 0.35 percent, at $45.60 a barrel. Cloth oil closed up 5 cents, or 0.10 percent, at $48.84 a barrel.

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