Financial markets daily

In the currency market

EUR: The euro fell against the dollar for the first time in three days, closing 0.03% lower at 1.2120. Technically, initial upside resistance stands at 1.2145, further resistance at 1.2171, key resistance at 1.2192; Initial downside support at 1.2098, further support at 1.2076 and more critical support at 1.2051.

GBP: Sterling rose for a fifth straight day against the dollar to close at 1.3937, up 0.01%. Technically, initial upside resistance stands at 1.3966, further resistance at 1.3994, key resistance at 1.4014; Initial downside support stands at 1.3918, further support at 1.3898 and more critical support at 1.3870.

JPY: USD/JPY turned positive to close at 108.93, up 0.31%. Technically, initial upside resistance stands at 109.28, further resistance at 109.65, key resistance at 110.08; Initial downside support at 108.49, further support at 108.06 and more critical support at 107.70.

The stock market

LONDON (MarketWatch) — Markets reacted to the Federal Reserve’s decision to keep interest rates near zero and digested a fresh round of corporate earnings, with European stocks mostly lower on Thursday, with Spain’s IBEX35 index ending slightly higher. The pan-European Stoxx 600 index gave up early gains to end 1.15 points, or 0.26 per cent, at 438.77, led by banks, up 1.3 per cent, and cars, down 2.6 per cent. Germany’s DAX30 index closed down 137.98 points, or 0.90 percent, at 15,154.20. The FTSE 100 index ended down 2.19 points, or 0.02 percent, at 6,961.48. The French CAC-40 index (FR: CAC-40) ended down 4.41 points, or 0.07 percent, at 6,302.57. The Euro Stoxx 50 index ended down 17.68 points, or 0.44 percent, at 3,997.35. Spain’s IBEX35 index closed up 22.40, or 0.25%, at 8,822.00. In Italy, the FTSE MIB index closed down 181.37 points, or 0.74%, at 24,278.20.

Strong earnings from tech giants Facebook Inc. and Apple Inc. and a slew of stellar economic data sent the S&P and Nasdaq to new highs in the early hours of Thursday, then bounced back and forth. At the close, the Dow gained 241.10 points, or 0.71 percent, to 34061.48. The S&P 500 gained 28.40 points, or 0.68 percent, to 4211.69. The Nasdaq closed up 31.52 points, or 0.22 percent, at 14,082.55.

Commodity markets

Spot gold settled at $1,772.18 an ounce, down $9.50, or 0.53 percent, from an intraday high of $1,790.02 and a low of $1,756.04, its lowest since April 15.

COMEX gold for June delivery settled down 0.3 percent at $1,768.30 an ounce.

Two major crude oil futures extended this week’s gains on Thursday. U.S. WTI crude for June delivery settled up $1.15, or 1.80%, at $65.01 a barrel, a 1 1/2-month high at press time. Brent crude for July delivery ended up $1.29, or 1.92 percent, at $68.56 a barrel.

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