{"id":169501,"date":"2020-04-28T07:22:13","date_gmt":"2020-04-28T11:22:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=169501"},"modified":"2020-04-28T07:07:05","modified_gmt":"2020-04-28T11:07:05","slug":"global-equities-mixed-as-oil-plunge-persists","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/global-equities-mixed-as-oil-plunge-persists\/","title":{"rendered":"Global equities mixed as oil plunge persists"},"content":{"rendered":"
April 28, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Markets are mixed today as concerns over continuing fall in crude oil prices overshadow news more countries around the globe are opening their economies gradually. And as earnings season rolls on investors are gearing up for a busy week on the monetary policy front with Federal Reserve two-day meeting starting today and the European Central Bank (ECB) meeting Thursday.<\/div>\n<\/div>\n<\/div>\n
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Forex news<\/h2>\n
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\n\n\n\n\n\n\n\n
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n+0.15%<\/td>\n<\/tr>\n
GBP USD<\/td>\n+0.32%<\/td>\n<\/tr>\n
USD JPY<\/td>\n-0.2%<\/td>\n<\/tr>\n
AUD USD<\/td>\n+0.22%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar <\/b> weakening is intact today. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, lost 0.2% Monday as Federal Reserve expanded its $500 billion Municipal Liquidity Facility to include debt issued by smaller cities and counties and to finance them for longer than the initial program allowed. The focus is again on the central bank as it meets today after the former Minnesota Federal Reserve President Kocherlakota said over weekend the Federal Reserve should take interest rates below zero. Both EUR\/USD <\/a> and GBP\/USD<\/a> continued climbing Monday with both pairs higher currently. AUD\/USD<\/em> continued climbing Friday while USD\/JPY<\/em> continued sliding with the Australian dollar resuming declines against the dollar.<\/div>\n<\/div>\n<\/div>\n
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Stock Market news<\/h2>\n
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\n\n\n\n\n\n\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n+0.91%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n+3.12%<\/td>\n<\/tr>\n
US Dollar Index<\/td>\n-0.17%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Futures on three main US stock indexes<\/b> are edging higher currently after ending higher fourth session in a row Monday. 3M, Pfizer and IBM are among nearly a third of the companies in the SP 500 reporting quarterly results today. So far 122 constituents of the SP 500 have reported first-quarter numbers, with earnings down by 22.7% in aggregate. Stock indexes in US extended gains on Monday : the three main US stock indexes posted gains ranging from 1.1% to 1.5%. European stock indexes <\/em> resumed advancing Monday but are down currently. Asian indexes are mixed, Hang Seng Index<\/em> leading advancers with 0.9% gain.<\/div>\n<\/div>\n<\/div>\n
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Commodity Market news<\/h2>\n
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\n\n\n\n\n\n
Commodities<\/td>\nChange<\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n-2.75%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n-14.91%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is extending losses today as worldwide oil storage is dwindling rapidly. Oil prices slumped on Monday as traders deem the drop in demand due to coronavirus shutdowns was not met by a matching cut in global crude oil output. Organization of the Petroleum Exporting Countries and other major producers agreed to commence cuts equating to 9.7 million a barrel a day, about 13% of global production, on May 1 through June. US shale oil producers have been forced to cut production too as evidenced by the Baker Hughes Friday report that the number of active US rigs drilling for oil dropped by 60 to 378 last week. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures plunged Monday: June WTI <\/em> dropped 24.6% and is falling currently. June Brent <\/em> crude closed 6.8% lower at $19.99 a barrel.<\/div>\n<\/div>\n<\/div>\n
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Gold Market News<\/h2>\n
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\n\n\n\n\n
Metals<\/td>\nChange<\/td>\n<\/tr>\n
Gold<\/td>\n-0.65%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold <\/b> prices are extending losses today. June gold lost 0.7% to $1711.90 an ounce on Monday.<\/div>\n<\/div>\n<\/div>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Top daily news Markets are mixed today as concerns over continuing fall in crude oil prices overshadow news more countries around the globe are opening their economies gradually. And as earnings season rolls on investors are gearing up for a busy week on the monetary policy front with Federal Reserve two-day meeting starting […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-169501","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=169501"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169501\/revisions"}],"predecessor-version":[{"id":169506,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169501\/revisions\/169506"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=169501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=169501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=169501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}