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Market news

27 July 2017 03:33 PM BDT
Market news

Oil continued to gain at the previous trading session. To the positive factor from the OPEC meeting in St. Petersburg, there was a serious reduction in US inventories, according to the Energy Department.

Yesterday Tte dollar index dropped to the level of 93.4, which corresponds to last year minimum. Euro managed to update a maximum of 2.5 years and gain a foothold above the mark of 1.7. The pair finished trading at the peak level of 1.74.

US Markets

American markets yesterday showed moderate gains amid the dovish outcome of the Fed meeting. The rate, as expected, remained at the level of 1.25%. The regulator plans to start reducing the balance "relatively soon." In addition, the Fed closely follows inflation; and notes its decline below the target level. The market considered such comments as a positive driver to resume longs in risky assets and to sell USD dollar.

The yields of US government bonds also went lower. Some pressure on the dollar also had data on the sales of new home.

Asian markets

Asian markets mostly ended in the green. The Japanese market follows technological moves in the US. Nikkei received some support from the weakening of the yen, which returned to the week's low and is now trading at the 111.24 level again the dollar. The yields of Japanese government bonds also went down.

Samsung reported a record operating profit in the second quarter. 

 

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