The US Dollar as well as Euro stock markets were within the center of interest in yesterday’s calm trading session in financial markets. The US Dollar is certainly yet again attempting to rally versus its main competitors, however, it’s incapable of achieving momentum, just managing to prevent de long-term downfall.
Traders, as well as investors, came across as somewhat unwilling to create more significant actions in advance of Fed (Federal Reserve) Chair Janet Yellen's semiannual statement/testimony to Congress.
Janet Yellen is due to appear before the HFS (House Financial Services) Committee on Wednesday, July 12, as well as before the US Senate Committee on Banking, Housing, and Urban Affairs on Thursday, July 13.
The Fed Chief comments could very well have a significant effect on the prospects regarding rates of interest before the Fed's monetary policy meeting scheduled later in the month July.
Statements and remarks from a number of other Central Bank's officials might also draw in attention this week in addition to reports on Jobless Claims, PPI (Producer Price Index), CPI (Consumer Price Index), Retail Sales, and Industrial Production.
US equities markets climbed moderately higher during the trading session on Monday following initial exhibiting a lack of direction. Even though DowJones ended the trading day more or less flat, the broader S&P500, as well as NASDAQ, finished in positive territory.
The DowJones surrounded 5.82 points less than a 0.01% to 21,408.52, however the S&P500 edged up 2.25 points (0.1%) to 2,427.43, and NASDAQ have risen 23.31 points (0.4%) to 6,176.39.
The Euro Stoxx 50, as well as German DAX30, had a helping hand from the minor lack of strength in the Euro Dollar, as the ECB's central bank’s future policies continue to push credit expansion. The German DAX30 Index finished upward by 0.4%. The French CAC40 Index increased 0.5%, and FTSE100 Index improved by 0.3%.
Equity markets across the Asia region went mostly higher in the course of the trading session on Monday. HK's Hang Seng Index climbed by 0.6%, and Japan's Nikkei225 Index advanced by 0.8%.
Crude oil for the month of August delivery crawls upwards to $44.40 a barrel ($0.17). The ARCA Gold BUGS (HUI) was up by 2.8%. The Index rebounded from its lowest closing level within half a year. All currencies were relatively flat in yesterday's trading.
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