Financial markets daily

Last session market review

Gold prices rose on Monday, hitting a high of $1,752.00 an ounce. Meanwhile, the dollar index is hovering at 100.40.

The rest of the trading day will focus on real GDP for the first quarter and the NAHB U.S. home price index for may.

Fx: euro/dollar at 1.0815; Sterling/dollar closed at 1.2104; The Australian dollar closed at 0.6414 against the U.S. dollar. The dollar was at 107.02 yen; Us $1.4108; The dollar was at 0.9714 Swiss francs.

Commodities: spot gold closed at $1,741.38 an ounce; Comex gold ended at $1,756.30 an ounce. Spot silver settled at $16.42 an ounce; Comex silver futures closed at $17.070 an ounce; Brent crude closed at $32.50 a barrel; NYMEX crude settled at $29.43 a barrel.

In the currency market

Euro: the euro rose against the dollar for the first time in three days, rising 0.10 percent to 1.0815. On the technical surface, the initial resistance of the exchange rate upward is at 1.0828, the further resistance is at 1.0850, and the key resistance is at 1.0877. The initial support for the fall in the exchange rate is at 1.0778, further support at 1.0752, more critical support at 1.0729.

Sterling: sterling fell for the fifth day in a row, or 0.95%, to close at 1.2104. On the technical side, the initial resistance to the upward movement of the exchange rate is 1.2257, the further resistance is 1.2288, and the key resistance is 1.2334. The initial support for the decline of the exchange rate is at 1.2181, further support is at 1.2135, more critical support is at 1.2105.

Yen: dollar/yen reversed course to close at 107.02, down 0.21%. On the technical level, the initial resistance to the upward movement of the exchange rate is 107.50, the further resistance is 107.73, and the key resistance is 108.09. The initial support for the decline of the exchange rate is at 106.91, further support is at 106.55, more critical support is at 106.32.

The stock market

Us and European stock markets: us stocks closed slightly higher on Friday (May 15) : the dow Jones index closed up 60.10 points, or 0.25%, at 23685.42. The s&p 500 closed up 11.20 points, or 0.39%, at 2863.70. The NASDAQ closed up 70.80 points, or 0.79%, at 9014.56. Still, the s&p 500 posted its biggest weekly decline since the week ending March 20, falling 2.2 percent. The dow and NASDAQ posted their biggest weekly losses since April 3.

European markets closed slightly higher on Friday as investors digested disappointing economic data on the reopening of their economies. Pan-European Stoxx 600 (Stoxx 600) shares closed down, after earlier closing 0.5 percent higher. Resource stocks led the way, rising nearly 3 percent, while retail stocks fell 0.4 percent. Germany’s DAX index closed up 121.38 points, or 1.17 percent, at 10458.40. Britain’s FTSE 100 indexes closed up 60.66 points, or 1.06%, at 5,802.20. France’s cac-40 index closed up 4.50 points, or 0.11 percent, at 4277.63. Spain’s IBEX35 index closed down 67.60 points, or 1.03 percent, at 6478.00. Italy’s FTSE index closed down 10.26 points, or 0.06 percent, at 16,857.50. The Stoxx Europe 50 index closed up 9.72 points, or 0.35 percent, at 2,769.95.

The bond market

Treasury yields fell on the news of the record low: the yield on the benchmark 10-year note fell 2 basis points to 0.595 per cent, while the yield on the 30-year fell 4 basis points to 1.256 per cent.

Commodity markets

Spot gold closed up 0.65 percent at $1,741.38 an ounce, having earlier hit its highest level since November 2012 at $1,751.25 and dipped as low as $1,726.69. For the week, gold is up $40.20, or 2.36 percent.

COMEX gold for June delivery ended 0.9 percent higher at $1,756.30 an ounce, up 2.5 percent for the week.

As Opec and other major producers cut output, a rebound in Chinese demand for crude oil in April pushed prices higher on Friday: U.S. WTI crude for June delivery closed up $1.87, or 6.8 percent, at $29.43 a barrel. Brent crude for July delivery closed up $1.37, or 4.4 percent, at $32.50 a barrel.

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