{"id":173538,"date":"2020-07-13T07:44:31","date_gmt":"2020-07-13T11:44:31","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173538"},"modified":"2020-07-13T07:44:31","modified_gmt":"2020-07-13T11:44:31","slug":"global-rally-is-on-ahead-of-earnings-reports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/global-rally-is-on-ahead-of-earnings-reports\/","title":{"rendered":"Global rally is on ahead of earnings reports"},"content":{"rendered":"
July 13, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Global markets are rising currently <\/b> after a mixed trading last Friday. Investors\u2019 risk appetite appears resilient as second quarter earnings season reporting starts today.<\/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
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n-0.17%<\/td>\n<\/tr>\n
GBP USD<\/td>\n+2.56%<\/td>\n<\/tr>\n
USD JPY<\/td>\n+0.11%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar weakening is persisting <\/b> currently. 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, slipped 0.1% Friday as producer prices index declined 0.2% over month in June when an increase was expected. Both GBP\/USD<\/a> and EUR\/USD <\/a> reversed their sliding Friday as industrial production recovery accelerated both in France and Italy in June. Both pairs are up currently. USD\/JPY<\/em> and AUD\/USD <\/em> continued retreating on Friday with both pairs lower currently.<\/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+0.07%<\/td>\n<\/tr>\n
GB 100 Index<\/td>\n+0.25%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n+2.22%<\/td>\n<\/tr>\n
Hang Seng Index<\/td>\n+0.25%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
US equity markets are sharply higher today<\/b> ahead of second quarter earnings reports. Pepsico will be the first SP500 large capital company slated to report earnings today with analysts expecting the company to report falling revenues due to negative impact of coronavirus outbreak on social events. The three main US stock indexes recorded back to back weekly gains ranging from 1% to 4% last week. European stock indexes are extending gains\u00a0<\/em>currently after ending higher on Friday with data showing industrial production recovery accelerated both in France and Italy in June. Asian indexes are all rising today led by Nikkei <\/em> .<\/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-0.19%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n-1.02%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is extending losses today as trader anticipate the relaunch of the Messla oil field and Sarir refinery in Libya that didn\u2019t operate since January due to civil unrest in the country. Oil prices ended lower last session despite the upgrade of the global crude demand to 92.1 million barrels per day by IEA, up 400,000 barrels a day from its outlook last month. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures are lower currently. September Brent <\/em> crude lost 2.1% to $43.24 a barrel on Friday.<\/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+0.28%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold prices are extending losses <\/b> today. Spot gold slipped 0. 1% to $1801.90 an ounce on Friday.<\/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 rising currently after a mixed trading last Friday. Investors\u2019 risk appetite appears resilient as second quarter earnings season reporting starts today. Forex news Currency Pair Change EUR USD -0.17% GBP USD +2.56% USD JPY +0.11% The Dollar weakening is persisting currently. The live dollar index data show […]<\/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-173538","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173538","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=173538"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173538\/revisions"}],"predecessor-version":[{"id":173540,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173538\/revisions\/173540"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}