The US economic recovery has accelerated in recent weeks
The rise in gold prices has slowed. The price has entered a wide price range. Investors are waiting for the non-farms statistics to be released tomorrow. Negative data could result in a situation where investors would start shifting more funds into defensive assets such as gold and silver.
Oil prices continue to rise. With OPEC not planning to significantly increase production of “black gold,” the supply shortage will be preserved at least until late summer, pushing oil prices up. News on the US crude oil inventories and natural gas reserves are expected to be released today. Volatility will be higher than usual.
Asian indices rose slightly on Wednesday. Japan’s Nikkei added 0.4% and the broadest index of Asia-Pacific shares outside Japan, MSCI, rose to a three-month high. Australia plans to cut stimulus measures as early as next month. At the moment, the correlation between the Asian and the US stock markets is very high.
S&P 500 (F) 4,208.12 +6.08 (+0.14%)
Dow Jones 34,600.38 +25.07 (+0.07%)
DAX 15,602.71 +35.35 (+0.23%)
FTSE 100 7,108.00 +27.54 (+0.39%)
USD Index 89.90 +0.07 (+0.08%)
News feed for: 2023.07.04
- Australia Retail Sales (m/m) at 04:30 (GMT+3);
- US ADP NonFarm Employment Change at 15:15 (GMT+3);
- US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- US ISM Service PMI (m/m) at 17:00 (GMT+3);
- Natural Gas Storage (w/w) at 17:30 (GMT+3);
- US Crude Oil Reserves (w/w) at 18:00 (GMT+3);
- UK BOE Governor Andrew Bailey Speaks at 19:00 (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.
