Market News

The Pound Sterling came under pressure against the US Dollar on revived strength for the greenback

According to France's INSEE official statistics agency, the French economy will contract by 20 percent in the second quarter,

S&P 500 tests 3000 and 200-day average; U.S. consumer confidence rises unexpectedly; Brazil surpasses U.S. with highest daily coronavirus death toll

The S&P 500 broke above its 200-day moving average on Tuesday and traded at less than a point below 3,000, a sign that a prolonged uptrend for the markets may be starting.

A weaker US Dollar in the overnight hours helped to boost the Pound Sterling which saw continued gains during London trade.

According to data released by the IFO Institute, German exporters' mood improved in May, which is an important advance given the previous month's data.

S&P 500 trading above 3000 off-hours; Daily new confirmed coronavirus cases continue to ease; Coronavirus epicenter is in Latin America

Oil prices were broadly higher on Tuesday afternoon in Asia as traders remained optimistic that continued economic reopening in countries around the world would increase demand

The US Dollar continues to struggle on Monday following its recording of a loss for last week.

According to Germany's Federal Statistics Office, capital investments dropped 6.9 percent, followed by private consumption which contracted 3.2 percent and exports which went down 3.1 percent.

Stock markets continue to rise despite US and UK holidays; Daily new confirmed coronavirus cases easing off again; Coronavirus epicenter is in Latin America

Oil prices remained range-bound on Monday as traders remained concerned about the tensions between the United States and China.

The US Dollar is struggling to hold onto recent gains against its major rivals in early morning trade in Asia.

Both the Euro and the US Dollar gained ground against the Pound Sterling which was under pressure from the latest data and continuing speculation of a move to a sub-zero interest rate environment.

The U.S. dollar recovered some of this week's losses during Thursday's Asian trading session as lingering tensions between the United States and China decreased optimism