Investam-HK: U.S. Futures Climb amid Protests while Dollar Declines; Market wraps up
Even though that the world is still suffering since the Covid19 pandemic metastasize and the US is in chaos because of the countries wide protest rallying that started when an African-American is killed by a policemen due to a misunderstanding, Stocks and equity futures keeps rising alongside Europe and Asia on Tuesday afternoon.
Possible reason of this hype is the positive look of investors on unprecedented aid from central banks, government intervention with the stimulus programs and the global economy. However US dollar is quite going down for four straight days now.
Oil went up together with most stocks as investor’s eyes pragmatic development on possible extension of production from OPEC+.
Below are the current stat updates on the global market.
Stocks current price globally;
• Futures on the S&P 500 Index, the Dow and Nasdaq all climbed by at least 0.5%.
• The Euro Stoxx 50 Index advanced 3.2%, Germany’s DAX up 3.4% and Britain’s FTSE 100 up 0.8%.
• Asian indexes such as China’s Shanghai Composite up 0.2%, Hong Kong’s Hang Seng rose 0.9% and Japan’s Nikkei advances by 1.2%
Bonds current price globally;
• The yield on 10-year Treasuries gained one basis point to 0.67%.
• The yield on two-year Treasuries was unchanged at 0.16%.
• Germany’s 10-year yield declined one basis point to -0.41%.
• Britain’s 10-year yield sank one basis point to 0.219%.
• Japan’s 10-year yield dipped less than one basis point to 0.012%.
Commodities
• West Texas Intermediate crude gained 2.1% to $36.19 a barrel.
• Brent crude gained 2.3% to $39.20 a barrel.
• Gold strengthened 0.1% to $1,740.63 an ounce.
As most government has opened the economy worldwide, there will be a wide uproar on most markets. The more that we adapt the new normal way of living; the more we will move on and get to finish our goals in financial freedom
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