Positive quarterly company reports eventually kept indices from further fall
Yesterday, the oil prices jumped despite an unexpected increase in the US oil inventories last week. The situation in the oil market remains uncertain. On the one hand, demand for fuel is rising sharply during the summer season. On the other hand, OPEC+ countries have started to increase oil production so that supply can catch up with demand. The rise of the Delta strain cases in Asia also influences oil prices. The introduction of new lockdowns could trigger a new wave of declines.
The situation in the market of precious metals did not change much compared to yesterday.
Asia-Pacific stock indices are also increasing following the rise of the US stock market for the second day in a row. Japanese stock exchanges are not trading on Thursday due to a holiday (Marine Day). Real estate operator Longfor Group Holdings (+5%), solar panel manufacturer Xinyi Solar Holdings (+4.8%), casino operator Galaxy Entertainment Group (+4.6%), online retailer Alibaba (+1.9%), Internet giant Tencent Holdings (+0.7%), consumer electronics manufacturer Xiaomi Corp. (+0.2%) became the growth leaders of the Stock Exchange of Hong Kong. At the same time, on Thursday, China rejected the World Health Organization’s (WHO) plan for the second phase of investigation concerning the origin of the coronavirus, which includes the hypothesis that the virus came from a Chinese laboratory. In the meantime, the Delta strain cases are growing in Australia. The vaccination rates are low.
S&P 500 (F) 4,358.69 +35.63 (+0.82%)
Dow Jones 34,798.00 +286.01 (+0.83%)
DAX 15,422.50 +206.23 (+1.36%)
FTSE 100 6,998.28 +117.15 (+1.70%)
USD Index 92.76 -0.21 (-0.23%)
News feed for: 2023.07.04
- Eurozone Deposit Facility Rate (m/m) at 14:45 (GMT+3);
- Eurozone ECB Marginal Lending Facility at 14:45 (GMT+3);
- Eurozone ECB Monetary Policy Statement at 14:45 (GMT+3);
- Eurozone ECB Interest Rate Decision at 14:45 (GMT+3);
- Eurozone ECB Press Conference at 15:30 (GMT+3);
- US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- Natural Gas Storage (w/w) at 17:30 (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.
