News

Market Roundup

  • 15 June, 2021
  • 3:16 pm EEST

The USD is the strongest of the majors going into a huge data day in the US, while the GBP is the weakest. At the bottom of the hour, the US will reveal retail sales, PPI, and empire manufacturing data.

The FOMC will begin their two-day meeting tomorrow at 2 p.m. ET, with their interest rate decision (no change in rates) to follow. Expectations for QE taper will be the focus of the markets (or not).

In other markets:

  • Spot gold is down $-0.81 or -0.4% at $1865.40
  • Spot silver is down $0.18 or -0.68% at $27.66
  • WTI crude oil is up $1.01 .42% $71.88
  • Bitcoin is trading up $251 or 0.63% of $40,093. The high price reached $40,850. The low price was at $39,563.04

The major indices are little altered in the premarket for US stocks. The outcome of the Airbus vs. Boeing tariff dispute between the United States and the European Union.

  •  Dow is up a scant 0.25 points after yesterday’s decline of 85.85 points
  • S&P is up four point after its record close yesterday where the price increase by 7.71 points
  • NASDAQ index 15 points after its record close yesterday. The index rose 104.72 points yesterday

The major European equity indices are generally mixed, with Spain and Italy trading down while the rest of the continent is higher:

  • German DAX, 0.57%
  • France’s CAC, +0.49%
  • UK’s FTSE 100, +0.58%
  • Spain’s Ibex, -0.5%
  • Italy’s FTSE MIB, negative zero point 1%

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