Financial markets daily

In the currency market

EUR: The euro gained for a second day in a row against the dollar, closing 0.45 percent higher at 1.2037. Technically, initial upside resistance stands at 1.2075, further resistance at 1.2114, key resistance at 1.2180; Initial downside support at 1.1969, further support at 1.1903 and more critical support at 1.1863.

GBP: Sterling rose for the sixth day in a row to close at 1.3986, up 1.11%. Technically, initial upside resistance stands at 1.4048, further resistance at 1.4112, key resistance at 1.4232; Initial downside support stands at 1.3865, further support at 1.3745 and more critical support at 1.3682.

JPY: USD/JPY turned lower to close at 108.15, down 0.60%. Technically, initial upside resistance stands at 108.64, further resistance at 109.15, key resistance at 109.47; Initial downside support at 107.81, further support at 107.49 and more critical support at 106.98.

The stock market

MADRID (MarketWatch) – European stock markets closed mixed on Monday, reflecting sluggish trading across global markets. The pan-European Stoxx 600 index closed down 0.31 point, or 0.07 percent, at 442.18, led by car stocks, down 1.6 percent, and banks, up 0.7 percent. Germany’s DAX30 index closed down 91.36 points, or 0.59 percent, at 15,368.39. The FTSE 100 closed down 19.45 points, or 0.28%, at 7000.08. France’s CAC-40 index (FR: CAC-40) ended up 9.62 points, or 0.15 percent, at 6,296.69. The Euro Stoxx 50 index ended down 13.44 points, or 0.33%, at 4,019.55. Spain’s IBEX35 index closed up 93.50 points, or 1.09 percent, at 8,707.00. Italy’s FTSE MIB index closed down 52.92 points, or 0.21 percent, at 24,691.46.

U.S. stocks opened lower Monday after the S&P 500 and Dow hit record highs last week. Weakness in technology stocks weighed on the broader market as investors fretted about vaccines, sending major indexes down from record highs. At the close, the Dow was down 118.23 points, or 0.35%, at 34082.44. The S&P 500 fell 21.17 points, or 0.51 percent, to 4,164.30. The Nasdaq closed down 137.58 points, or 0.98 percent, at 13,914.76.

Commodity markets

Spot gold settled at $1,771.43 an ounce, down $5.08, or 0.29 percent, after hitting its highest since Feb. 25 at $1,790.14 and falling as low as $1,766.65. Spot gold last week was $32.63, or 1.87 percent.

COMEX gold futures for June delivery ended down 0.5 percent at $1,770.60 an ounce.

Two major crude futures extended gains from last week. U.S. WTI crude for May delivery settled up 25 cents, or 0.41 percent, at $63.38 a barrel at press time. Brent crude for June delivery settled up 28 cents, or 0.42 percent, at $67.05 a barrel. Last week, the United States oil still closed up 6.42 percent, cloth oil closed up 6.09 percent.

Leave a Reply

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