The stock market began to recover after the US Federal Reserve officials said that the rise in inflation is temporary

The price of “black gold” fell sharply on Thursday. On Friday morning at the Asian session, the oil price continued to fall. As a result, oil has already corrected by 3%. The reason for the decrease is triggered by investors’ concerns about the fuel demand, as the number of COVID-19 cases in India remains at a record high level. However, the price of natural gas continues to rise.

Following yesterday’s results, gold rose slightly and accelerated gains this morning in the Asian session. On COMEX, a division of the New York Mercantile Exchange, gold futures for June delivery are trading at $1,832 per troy ounce. The rise in gold prices is triggered by the fall of the US Treasury bond yields.

The rise in the U.S. market also gave a push-start to the Asian market. Tokyo’s Nikkei index jumped by 2.2% and the broadest index of Asia-Pacific stocks outside Japan, MSCI, increased by 0.8%.

S&P 500 (F) 4,112.50 -49.46 (+1.22%)

Dow Jones 34,021.45 +433.79 (+1.29%)

DAX 15,199.68 +49.46 (+0.33%)

FTSE 100 6,963.33 -41.30 (-0.59%)

USD Index 90.72 +0.01 (+0.01%)

News feed for: 2023.07.04

New Zealand Business Manufacturing Index (m/m) at 01:30 (GMT+3);
US Retail Sales (m/m) at 15:30 (GMT+3);
US Core Retail Sales (m/m) at 15:30 (GMT+3);
US Industrial Production (m/m) at 16:15 (GMT+3);
US UoM Consumer Sentiment at 17:00 (GMT+3).

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.