Stocks down after Wall Street rebounds in late Santa Claus rally | IFCM
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Stocks down after Wall Street rebounds in late Santa Claus rally - 30.12.2022

Stocks down after Wall Street rebounds in late Santa Claus rally
Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles:1050

Todays’ Market Summary

  • The Dollar weakening has halted
  • US stock indexes futures are down currently
  • Brent is edging up presently.
  • Gold is extending gains today.

Top daily news

Equity indexes are mostly retreating currently following a bullish Wall Street session Thursday. Tesla shares jumped 8.08% outperforming market while Morgan Stanley cut its price target from $330 per share to $250 but said that the company’s sliding stock price represents a buying opportunity, Meta shares rallied 4.1% on Thursday.

Forex news

Currency PairChange
EURUSD -0.16%
GBPUSD -0.13%
USDJPY -0.5%
AUDUSD +0.11%

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, lost 0.4% Thursday as the Department of Labor data showed the number of Americans who sought unemployment benefits over the last week was in line with the forecast while their number rose.

Both GBP/USD and EUR/USD reversed their sliding Thursday while the European Central Bank reported new loans issued to consumers and businesses in the private sector grew slower in November. Both euro and Pound are lower against the Dollar currently. USD/JPY reversed its advancing while AUD/USD accelerated its climbing yesterday with both yen and the Australian dollar higher against the Greenback currently.

Stock Market news

IndicesChange
DJI -0.19%
NIKKEI -0.67%
HK50 -0.5%
AU200 +0.36%

US stock indexes futures are down currently ahead of the Chicago Business Barometer report today at 15:45 CET as the yield on benchmark 10-year Treasury notes ticked down to 3.833%. The three main stock benchmarks closed solidly higher Thursday in the range of 1.1% to 2.6% as data indicated higher than expected jobless claims for the past week, deemed as a signal the world’s biggest economy could be cooling.

European stock market futures are down today after ending higher Thursday with tech shares leading gains. Asian stock indexes futures are mostly retreating currently with Australia’s All Ordinaries index defying the general trend.

Commodity Market news

CommoditiesChange
#C-BRENT +0.08%
OIL +0.2%

Brent is edging up presently. Prices ended lower on Thursday as the Energy Information Administration (EIA) reported an unexpected increase in domestic crude oil inventories. The US oil benchmark West Texas Intermediate (WTI) slid 0.7% but is higher currently. Brent crude fell 1.2% to $82.26 a barrel on Thursday.

Gold Market News

MetalsChange
XAUUSD +0.07%

Gold is extending gains today. Spot gold rose 0.58% to $1814.50 on Thursday.

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