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DAILY MARKET REPORT

Hello Everyone, Merry Christmas Eve. US markets closed higher on Monday SANTA rally continues. We expect Trading will be thinned out today and liquidity is expected to remain low as many are already on the vacation mood. EQUITIES Asian shares and U.S. stock futures darted in and out of losses on Tuesday, as the holiday... DAILY MARKET REPORT
Hello Everyone, Merry Christmas Eve. US markets closed higher on Monday SANTA rally continues. We expect Trading will be thinned out today and liquidity is expected to remain low as many are already on the vacation mood.

 

EQUITIES

Asian shares and U.S. stock futures darted in and out of losses on Tuesday, as the holiday lull offset optimism that a U.S.-China trade deal will boost exports and corporate earnings. Wall Street’s main indexes posted record closing highs on Monday after U.S. President Donald Trump said an initial U.S.-China trade pact would be signed soon.

OIL


Oil prices held steady before data on U.S. crude inventories later on Tuesday, but there are signs that recent supply cuts may not last after Russia’s energy minister said oil producers could ease output restrictions in March. OPEC and other leading oil producers may consider easing oil output restrictions at their meeting in March, Russian Energy Minister Alexander Novak said in an interview aired on Monday.

CURRENCIES


The Australian dollar held firm on Tuesday near a 4-1/2-month peak on optimism about U.S.-China trade relations, while the British pound was on the defensive as worries resurfaced about a chaotic departure from the European Union. The British pound, however, slipped to three-week lows as the market braced for more uncertainty after the United Kingdom officially leaves the European Union in January.

GOLD


Gold prices rose to their highest in a month and a half on Tuesday, as soft economic data out of the United States and concerns about an interim Sino-U.S. trade deal lent support to the safe-haven bullion.

Gulf Brokers wishes Merry Christmas to all our current & future clients and partners.

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DAILY MARKET REPORT

DAILY MARKET REPORT

Federal Open Market Committee, a committee within the Federal Reserve System (the Fed), will release June’s FOMC meeting minutes later today. In the June meeting, FOMC raised interest rates by 75 bps, the biggest increase in three decades.

DAILY MARKET REPORT

DAILY MARKET REPORT

The Reserve Bank of Australia increased its benchmark interest rate from 0.5% to 1.35% on Tuesday and It is the third consecutive month in which the central bank has hiked rates.

DAILY MARKET REPORT

DAILY MARKET REPORT

Precious metals like gold and silver prices extended declines in early trading on Friday. The strong bearish sentiment fueled by fed Chairman Jerome Powell's hawkish stance on Wednesday encouraged dollar bulls and pressured metal prices lower.

DAILY MARKET REPORT

DAILY MARKET REPORT

Global markets remain volatile following the hawkish comments from the central bank chiefs during the European Central Bank's (ECB) annual forum in Portugal. The central bankers have warned that the era of low-interest rates and moderate inflation has come to an end.