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Market Wrap: Stocks, Bonds, Commodities |
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On Friday, U.S. stock markets were closed for the Independence Day holiday. In early Asian trading hours on Monday, the Nasdaq 100 index futures rebounded over 1%.
European stocks managed to close higher on Friday, with the DAX 40 gaining 0.78%, the CAC 40 up 0.39%, and the FTSE 100 up 0.25%.
At the opening of Monday’s session, U.S. WTI crude futures eased to 68.38 dollars a barrel. Oil-producing group OPEC+ stated on Sunday that they would increase oil output quotas from August.
Gold stepped higher to 4,190 dollars an ounce.
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At the opening of Monday’s session, the U.S. dollar was stable, with the dollar index trading at 100.86.
EUR/USD held at 1.1438.
USD/JPY was steady at 161.45. On Friday, the Japanese finance minister pointed out that Japanese and U.S. authorities are in regular contact on foreign exchange issues.
Meanwhile, the benchmark 10-year Japanese government bond yield touched a 30-year high on Friday, as investors continued to digest the Japanese prime minister’s new economic blueprint.
GBP/USD stayed elevated at 1.3350, while AUD/USD was little changed at 0.6937.
Bitcoin built up further momentum, climbing back to 63,900 dollars.
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In Asian trading hours, EUR/USD and GBP/USD were both steady, at 1.1434 and 1.3346 respectively.
Meanwhile, USD/JPY advanced to 161.77.
Gold retreated to 4,168 dollars.
Bitcoin eased to 63,373 dollars.
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The eurozone's retail sales are estimated to increase by 0.1% month-on-month in May, while producer price index is expected to be up 5.9% year-on-year.
Germany's factory orders are estimated to grow 1.2% month-on-month in May.
In the U.S., the ISM services purchasing managers index is expected to slip to 54.0 in June.
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