{"id":170126,"date":"2020-05-07T07:04:23","date_gmt":"2020-05-07T11:04:23","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170126"},"modified":"2020-05-07T07:04:23","modified_gmt":"2020-05-07T11:04:23","slug":"markets-advance-as-china-reports-unexpected-rebound-in-exports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/markets-advance-as-china-reports-unexpected-rebound-in-exports\/","title":{"rendered":"Markets advance as China reports unexpected rebound in exports"},"content":{"rendered":"
May 7, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Global markets are mostly advancing currently ahead of US Labor department report expected to indicate the total number of US unemployed hit 33 million. The bullish sentiment was boosted by unexpected rise in China’s exports in April.<\/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-0.05%<\/td>\n<\/tr>\n
GBP USD<\/td>\n-0.55%<\/td>\n<\/tr>\n
USD JPY<\/td>\n-0.76%<\/td>\n<\/tr>\n
AUD USD<\/td>\n+0.46%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar <\/b> strengthening has reversed today ahead of expectations data will show 33 million Americans likely sought unemployment benefits over the last seven weeks. 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, rose 0.4% Wednesday. It is lower currently as US Treasury said it would borrow $2.999 trillion during the June quarter, five times more than the previous single-quarter record. Both GBP\/USD<\/a> and EUR\/USD <\/a> continued sliding yesterday with both pairs higher currently. Pound got a boost after Bank of England kept the policy steady and stated UK demand has generally stabilized at very low levels in recent weeks. USD\/JPY<\/em> continues falling while AUD\/USD<\/em> has resumed declining.<\/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\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n+0.99%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n+0.98%<\/td>\n<\/tr>\n
Hang Seng Index<\/td>\n+0.32%<\/td>\n<\/tr>\n
Australian Stock Index<\/td>\n+0.38%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Futures on three main US stock indexes<\/b> are higher currently after mixed session on Wednesday. The earnings season continues with companies including Verizon, Bristol-Myers Squibb and AMD scheduled to report quarterly results today. Stock indexes in US ended mixed on Wednesday : the three main US stock indexes recorded returns ranging from -0.9% to +0.5% with technology shares leading Nasdaq\u2019s advance. European stock indexes <\/em> are advancing currently following a pullback Wednesday after the European Commission forecast euro-zone economy will contract 7.4% this year in worst economic shock since 1930s. Asian indexes are mixed today. Shanghai Composite <\/em> is ahead after gaining 0.5% as the General Administration of Customs reported China\u2019s exports rose unexpectedly 3.5% in April from a year earlier, after falling 6.6% in March.<\/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-0.14%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n+1.25%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is extending losses today following the US Energy Information Administration report Wednesday that US crude oil inventories rose a slightly lower than expected 4.6 million barrels last week, the 15th consecutive weekly rise. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures retreated yesterday: June WTI <\/em> lost 2.3% snapping a five-session streak of gains and is falling currently. July Brent <\/em> crude closed 4% lower at $29.72 a barrel on Wednesday.<\/div>\n<\/div>\n<\/div>\n
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Gold Market News<\/h2>\n
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Metals<\/td>\nChange<\/td>\n<\/tr>\n
Gold<\/td>\n+0.56%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold <\/b> prices are rebounding today. June gold lost 1.3% to $1688.50 an ounce on Wednesday.<\/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 Global markets are mostly advancing currently ahead of US Labor department report expected to indicate the total number of US unemployed hit 33 million. The bullish sentiment was boosted by unexpected rise in China’s exports in April. Forex news Currency Pair Change EUR USD -0.05% GBP USD -0.55% USD JPY […]<\/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-170126","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170126","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=170126"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170126\/revisions"}],"predecessor-version":[{"id":170128,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170126\/revisions\/170128"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}