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Market Wrap: Stocks, Bonds, Commodities
On Monday, the U.S. equity market was closed to observe Martin Luther King Day.
Meanwhile, European stocks were broadly higher. The DAX 40 rose 0.74%, the CAC 40 increased 0.74%, and the FTSE 100 was up 0.89%.
U.S. WTI Crude futures fell $1.05 to $78.81 a barrel.
Gold price eased $4 to $1,916 an ounce.
Market Wrap: Forex
The U.S. dollar index edged up 0.2% to 102.38.
EUR/USD slipped 10 pips to 1.0820. Germany's January ZEW economic sentiment index, due later in the day, is expected at -16.0
GBP/USD dropped 32 pips to 1.2195. Later today, the U.K. jobless rate for the three months to November is expected to be steady at 3.7%.
USD/JPY rose 68 pips to 128.55.
USD/CHF lost 4 pips to 0.9265.
Commodity-linked currencies were broadly lower against the greenback. AUD/USD fell 16 pips to 0.6952, while USD/CAD added 19 pips to 1.3415.
Bitcoin jumped 6.7% further to $21,302.
Morning Trading
In Asian trading hours, AUD/USD remained subdued at 0.6955 despite better-than-expected China's data. The Chinese government reported that fourth quarter gross domestic product grew 2.9% on year, above 1.5% expected.
Meanwhile, USD/JPY extended its rally to 129.05.
EUR/USD fell to 1.0815 and GBP/USD was down to 1.2180.
Gold dropped to $1,910.
Bitcoin eased to $21,098.
Expected Today
Germany's January ZEW economic sentiment index is expected at -16.0, while final readings of December consumer price index is estimated to be up 8.6% on year.
U.K. jobless rate for the three months to November is expected to be steady at 3.7%.
In the U.S., January Empire State manufacturing index is estimated at -5.2. | | |
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