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Daily Market Brief

10 Aug,2021
Daily Market Brief

General Sentiment


Asian stocks were in the mix following a softer close on Wall Street. The delta variant is taking a toll on markets as commodities also fall.

Equities


The Dow & the S&P ended lower overnight as strong payroll figure optimism fades away. Investors now focus on the next Fed policy and U.S. CPI figures up next. Overnight, U.S. Federal Reserve Bank of Atlanta Member Raphael Bostic indicated that they should move quicker with tapering especially after the strong job figures from Friday.

Currency Market


The Dollar extended gains in the Asian session to rise to 92.97 affecting the Euro and the GBP. The Euro dipped to its lowest level since early April to steady at $1.173.

The USD/CNY pair lost out on 0.03% to 6.48

The GBP/USD dropped to 1.383.

Commodities: Gold


Gold steadied after hovering near its four-month low after tapering expectations-themed markets.

Commodities: Oil


Oil prices edged up after falling 4% in the previous session. Brent was up to $70.02 while WTI rose back to $67.72.

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