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Stocks down after Wall Street retreat - 2.8.2022
Todays’ Market Summary
- The Dollar weakening has halted
- Futures on three main US stock indexes are down
- Brent is extending losses currently.
- Gold prices are edging up currently
Top daily news
Global stocks are pointing down currently after Wall Street closed down on Monday after mixed data. Apple shares lost 0.62% underperforming market while the IT giant claimed its human rights have been violated in iPhone ban in Colombia in the patent infringement battle between Apple and Ericsson - despite judge’s warning, Facebook stock gained 0.52% on Monday.
Forex news
Currency Pair | Change |
EUR USD | -0.3% |
GBP USD | -0.42% |
USD JPY | -0.61% |
AUD USD | -1.4% |
The Dollar weakening has halted currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slid 0.4% on Monday.
GBP/USD joined EUR/USD’s accelerated advancing Monday despite Markit’s final report eurozone manufacturing sector contracted in July. Both pairs are down currently. USD/JPY accelerated its retreating yesterday while AUD/USD reversed its sliding with the yen higher against the Greenback currently and the Australian dollar lower.
Stock Market news
Indices | Change |
Dow Jones Index | -0.2% |
Nikkei Index | -0.48% |
Hang Seng Index | -1.01% |
Australian Stock Index | -0.64% |
Futures on three main US stock indexes are down currently ahead of the Job Openings and Labor Turnover Survey (JOLTS) data at 16:00 CET today with the yield on benchmark 10-year Treasury notes inching down to 2.555%.The three benchmark indexes recorded daily losses ranging from 0.1% to 0.4% on Monday as the Institute for Supply Management reported US manufacturing activity slowed less than expected in July, with signs that supply constraints are easing.
European stock indexes are down currently after closing marginally lower Monday as banks shares led gainers while oil and gas stocks led losses. Asian indexes futures are down today with Hong Kong’s Hang Seng index leading losses amid reports that both Taiwanese and US officials had said that House of Representatives Speaker Pelosi could visit the country this week.
Commodity Market news
Commodities | Change |
Brent Crude Oil | -0.05% |
WTI Crude | -0.22% |
Brent is extending losses currently. Prices ended sharply lower yesterday after weak manufacturing data in the United States, Europe and Asia. Also weighing on prices was a rise in Libyan oil production, which increased to 1.2 million barrels per day (bpd), up from 800,000 bpd on July 22. US West Texas Intermediate WTI dropped 4.8% and is lower currently. Brent fell 3.8% to $100.03 a barrel on Monday.
Gold Market News
Metals | Change |
Gold | +0.02% |
Gold prices are edging up currently . Spot gold added 0.34% to $1771.41 an ounce on Monday.