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Stocks advance ahead of US inflation report - 12.12.2023

Stocks advance ahead of US inflation report
Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles:1024

Todays’ Market Summary

  • The Dollar strengthening has halted
  • Futures on three main US stock indexes are up
  • Brent is edging up currently.
  • Gold prices are retracing higher currently

Top daily news

Global stocks are trading mostly up currently after Wall Street extended gains on Monday. Amazon shares lost 1.01% , Alphabet shares fell 1.26% underperforming market while federal jury ruled against Google in Epic Games anticompetition lawsuit that alleged the Play app store operated as an illegal monopoly and secured billions of dollars due to anticompetitive barriers.

Forex news

Currency PairChange
EUR/USD +0.2%
GBP/USD +0.2%
USD/JPY -0.4%
AUD/USD +0.2%

The Dollar strengthening 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, ended 0.1% higher on Monday.

Both GBP/USD and EUR/USD reversed their sliding. Both Pound and euro are higher against the dollar currently. USD/JPY accelerated its advancing while AUD/USD slowed its sliding yesterday with both the yen and Australian dollar higher against the Greenback currently.

Stock Market news

IndicesChange
DJI +0.04%
NIKKEI -0.8%
HK50 +1.1%
AU200 +0.4%

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury down at 4.214%. US markets closed higher on Monday with the three main stock benchmarks recording daily gains in the range from 0.2% to 0.4% ahead of Consumer Price Index (CPI) data due at 14:30 CET today, which is expected to show headline inflation remained unchanged in November.

European stock indexes futures are rising currently after closing up on Monday led by media shares. Asian indexes futures are mostly advancing today with Hong Kong’s Hang Seng index leading gains buoyed by property stocks amid hopes of more government support for the depressed real estate developers.

Commodity Market news

CommoditiesChange
#C-BRENT +0.04%
OIL +0.07%

Brent is edging up currently. Prices inched up on Monday. US West Texas Intermediate WTI added 0.1% and is higher currently. Brent gained 0.3% to $76.03 a barrel on Monday.

Gold Market News

MetalsChange
Gold +0.2%

Gold prices are retracing higher currently . Spot gold ended 1.13% lower at $1981.62 an ounce on Monday.

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