Market News

NASDAQ 100 Closes Yesterday at All-Time High; S&P 500 Futures Hit Record; Indonesian Rupiah Weakens

The Pound Sterling struck a fresh 8-month peak versus its rival across the, largely a factor of a much weaker US Dollar.

The Reserve Bank of Australia recently announced its decision to leave the interest rates unchanged at 0.25 percent, remaining in line with the analysts' expectations.

NASDAQ 100 Closes Yesterday at All-Time High; Global Stocks Flat; U.S. Dollar Weakens

The US Dollar is poised to record a fourth consecutive monthly loss after today's trading day.

China's Federation of Logistics and Purchasing recently released the country's Purchasing Managers Index (better known as PMI) which showed an expansion on the business sector, surpassing the analysts' expectations who foresaw it to slow down.

MSCI World Index, S&P 500 & NASDAQ Close Week at Record Highs; Nikkei 225 up by almost 2%

The US Dollar continues to hold positive momentum against most of its peer after the Federal Reserve announcement at the Jackson Hole Economic Symposium.

Against the US Dollar, the Pound traded close to the $1.32 level as market players await the beginning of the Jackson Hole economic symposium.

Yesterday, the oil markets closed mixed after the markets confirmed an important drop in crude oil inventories.

MSCI World Index, S&P 500 & NASDAQ, Close at Record Highs; Crude Oil Strong as Hurricane Laura Nears U.S. Refineries

Given a quiet week ahead, and an absence of fundamental data largely through next week, the Pound Sterling will get direction from the upcoming events at the Economic Symposium in Wyoming.

Yesterday, the oil futures market gained territory after the markets learned about a huge draw in crude oil and gasoline reserves.

S&P 500 & NASDAQ Indices Trade at Record Highs; Crude Oil Strong as Hurricane Laura Nears U.S. Refineries

The Pound Sterling had inched higher during London trade on Tuesday ahead of the release of retail sales and trends data for the month of August