Oriental Wealth Daily reported on the 29th that on Thursday, European shares fell across the board, and a strong rebound in technology stocks helped the US stocks to close. The Nasdaq Index recovered 7500 points in one fell swoop. In the commodity market, the U.S. dollar index fluctuated at a high level. The price of gold fell for four consecutive days, setting a new low for the year; the Iranian nuclear agreement was once again fermenting. The market worried about the impact of crude oil supply. The U.S. oil hit a three-and-a-half year high.
European and American stock markets:The European STOXX 50 Index closed down by nearly 1%; the S&P 500 Index closed up 0.62% to 27716.31 points. The Dow Jones Industrial Average closed 0.41% higher at 24,216.05 points. The Nasdaq closed 0.79% higher at 7503.68 points.
Commodity:COMEX August gold futures closed down $5.10, or 0.4%, and fell for the fourth consecutive trading day at $1251.00 per ounce, the lowest level since December 13, 2017. The United States WTI August crude oil futures prices closed up 0.95%, to 73.45 US dollars / barrel. ICE Brent August crude oil futures prices closed up 0.30% to US$77.85/barrel.
Foreign exchange market:As of press time 04:45, the US dollar index rose 0.04% to 95.3283; the euro rose 0.03% to 1.1561; the pound fell 0.32% against the dollar to 1.3074; the dollar rose 0.25% against the yen to 110.5100; the dollar against the Canadian dollar It fell 0.48% to 1.3264. The US dollar rose 0.27% against the yuan to 6.6234.
The Apple Samsung patent war lasting for seven years finally came to an end. On June 28th, a document released by the United States District Court of California showed that Apple and Samsung Electronics have reached a settlement, but the legal documents did not mention specific settlements.
Amazon is negotiating with the online pharmacy PillPack to acquire PillPack and hope to incorporate PillPack into its own expansion of the pharmaceutical empire. The terms of the deal were not disclosed and it is expected that the deal will be completed in the second half of this year. If the acquisition of PillPack succeeds, Amazon will take an important step in the healthcare industry. It claims to eliminate the monopoly right of sales of prescription drugs from large chain pharmacies such as CVS Health and Rite Aid to provide consumers with more convenient drug purchasing services. PillPack can provide such an opportunity for Amazon.
On June 28th, the EU summit held as scheduled to cause the market to raise concerns about Brexit in the United Kingdom, plus the US dollar index stabilized at the top of the 95 mark to strengthen the pound sterling. The market's uneasiness towards Brexit has always existed. The pound has weakened against the US dollar for the third consecutive trading day. It once fell to nearly 1.3049 in recent eight months.
Although slow, there is no doubt that central banks around the world are withdrawing from the cheap funds they spent ten years to inject into the global economy to cope with the financial crisis and the aftermath of the recession. This year, the Fed has raised interest rates twice, and the European Central Bank announced that it will end asset purchases in December. Central banks in emerging markets such as Turkey and Argentina have even tightened monetary policy in a more aggressive manner.
Sound of all circles
The United States had previously demanded that all countries stop importing Iranian crude oil. Although India once hardened that it did not recognize U.S. requirements, according to the latest news, the country’s Ministry of Petroleum requires the refinery to reduce or directly reduce the volume of crude oil imported from Iran starting in November. To zero.
This year, the decline in the cryptocurrency is hard to stop. Data show that in the week ending June 25, over 80% of the nearly 1,600 digital currencies have fallen in price, with an average decline of 19%, and Bitcoin’s market value has evaporated by nearly US$10 billion in one week, compared with 20,000. The peak price of the dollar has also fallen by nearly 70%.
Since the current market is not in turmoil, it is a sudden rise or fall. The CFT Index shows that the performance of quantitative funds has reached the worst level since the end of 2014, and the worst losses in history have continued. The analysis pointed out that investors should be careful about this "curse" to invade the market again.
The EU ushered in this summit in a chaos. On the 28th, local time, the leaders of EU member states will gather in Brussels to conduct in-depth discussions on issues that have plagued the EU for many years. A few days ago, the just-concluded "small summit" seemed to hint at the difficulties in the negotiations. The refugee issue has not yet come to fruition. The thorny issues such as the "Brexit" of the United Kingdom and the reform of the euro zone have already come to an end. Not surprisingly, the refugees, the "Brexit", and the reform of the euro zone are the swords of Damocles suspended in the 28 countries of the European Union.
External disk overview
On Thursday, US time, US stocks closed higher across the board, the Nasdaq closed at 7,500 points, and the strong rebound of technology stocks was the main driving force for the stock market's rise. Economic data released during the day showed that the US’s GDP growth rate in the first quarter was revised down to 2%, and consumer spending growth reached a new low in nearly five years. The U.S. first jobless claims last week were higher than expected and are still at historically low levels. It is worth noting that the “Amazon effect” has swept the US pharmaceutical retail industry, with many pharmaceutical retail stocks tumbled by nearly 10%.
The European STOXX 50 index closed down nearly 1% on Thursday (June 28). On the disk, technology stocks and auto stocks fell in the top spot. In the news, a series of economic data released by the Eurozone basically met market expectations and investors turned their attention to the EU summit held in Brussels, Belgium.
On Thursday, the price of gold fell steadily for four days this week and hit a new low since 2018 on four occasions. The intraday price fell below the $1,250 mark. For the next trend of gold, investment bank analysts are rather pessimistic. Analysts expect that before the rebound, gold prices will fall even more.
On Thursday, the international oil price edged up slightly. In the news, the Iranian nuclear issue has been further "fermented", causing the market to worry about the supply of crude oil. The U.S. Department of Energy stated that there is room for a gradual reduction in Iran’s oil exports. Iranian oil buyers need a certain degree of transition.
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