Stocks mixed after reports of rising coronavirus cases | IFCM
Logo IFCMarkets
NetTradeX for IFC Markets
Trading App
IFC Markets Online CFD Broker

Stocks mixed after reports of rising coronavirus cases - 22.6.2020

Stocks mixed after reports of rising coronavirus cases
Ara Zohrabian
Ara Zohrabian
Senior Analyst
Articles:1078

Todays’ Market Summary

  • The Dollar strengthening has halted
  • US equity markets are pulling back today
  • Gold prices are extending gains

Top daily news

Global equities are mixed currently after a choppy trading Friday. Investors are cautious after reports of rising coronavirus cases in US and Brazil provide support to bears who contend the recent market rebound has been too fast.

Forex news

The Dollar strengthening has halted . 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, gained 0.1% Friday as the US Bureau of Economic Analysis reported US current account deficit narrowed by 0.1% in the first quarter. Both GBP/USD and EUR/USD continued falling Friday. The dynamics has reversed for both pairs currently. Both AUD/USD and USD/JPY continued falling on Friday with both pairs having reversed their sliding currently.

Stock Market news

US equity markets are pulling back today after ending mostly lower on Friday after Apple said it will re-close some stores due to rising cases in some states. The three main US stock indexes recorded daily returns ranging from -0.8% to +0.03% while booking weekly gains ranging from 1% to 3.7%. European stock indexes are retreating currently after ending higher on Friday as European Union’s 27 governments started negotiations over a proposal for a 750 billion euro ($841 billion) recovery fund. Asian indexes are mixed today led by Hong Kong’s Heng Seng index as China suspended some Tyson chicken imports after rising coronavirus cases at Arkansas plant despite reports Beijing intends to ramp up buying US agricultural products as China has only reached 13% of the 2020 target under the phase one deal in the first four months of the year.

Commodity Market news

Brent is edging higher today. Oil prices ended higher last session buoyed by reports China will increase buying of US ethanol in line with a phase one trade deal signed at the start of this year. The US oil benchmark West Texas Intermediate (WTI) futures ended solidly higher Friday: July WTI rose 2.3% and is higher currently. August Brent crude closed 1.6% higher at $42.19 a barrel on Friday.

Gold Market News

Gold prices are extending gains today. August gold rose 1.3% to $1753 an ounce on Friday.

Crypto

News

BTCUSD Analysis: Trump Walked Back Massive Tariffs on China

BTCUSD Analysis: Trump Walked Back Massive Tariffs on China

On Monday, Bitcoin stabilized at $115,000 after last week's sharp...

13/10/2025
Oil Prices Stay Weak After OPEC+ Approves Modest Output Rise

Oil Prices Stay Weak After OPEC+ Approves Modest Output Rise

Oil prices ended the week on shaky ground after OPEC+ approved...

10/10/2025
Slowing U.S. Growth Put Spotlight on CPI as EURUSD

Slowing U.S. Growth Put Spotlight on CPI as EURUSD

Weak PMI data, softening jobs market, and political brouhaha...

9/10/2025
Bitcoin Eyes $145,000, But a Pullback May Come First

Bitcoin Eyes $145,000, But a Pullback May Come First

Bitcoin has been making strong moves again. The world’s largest...

3/10/2025
Dollar Soft Amid US Shutdown Risks, Jobs Report Delay

Dollar Soft Amid US Shutdown Risks, Jobs Report Delay

The US dollar weakened as markets responded to two developments:...

30/9/2025
Crypto Market Hit by $1.7B in Liquidations

Crypto Market Hit by $1.7B in Liquidations

The cryptocurrency market just experienced one of its sharpest...

23/9/2025

Explore our
Trading Conditions

  • Spreads from 0.0 pip
  • 30,000+ Trading Instruments
  • Stop Out Level - Only 10%

Ready to Trade?

See Also

Go Pro
  • Spreads from 0.1 pips
  • No requotes
  • Market execution
Open Pro Account
go pro trade
Close support
Call to WhatsApp Call to telegram Call Back