मार्किट ओवरव्यू

On Monday, the US dollar index remained largely unchanged. Trading activity was low due to the U.S. Memorial Day holiday and a series of holidays in European countries. US stock indices were not traded. Oil prices are declining as investors hope that OPEC+ will refrain from production cuts at the meeting on June 4th.

On Friday, the US dollar index reached a new high since mid-March but then experienced a slight correction and ended the trading session with minimal changes. Gold prices increased. In the last day of the past week, American stock indices notably rose, with NASDAQ reaching a new high since April of the previous year. The US authorities plan to extend the deadline for increasing the U.S. debt ceiling until January 1, 2025. Oil prices are rising in anticipation of the upcoming OPEC+ meeting.

Global stocks are trading mixed currently after Wall Street extended losses on Wednesday. Apple shares added 0.16% outperforming the market following a multibillion-dollar deal announcement previous day with Broadcom to develop 5G radio frequency components in the US, Meta’s shares rose 1% on Wednesday.

On Tuesday, the US dollar index rose. Investors do not exclude the continuation of tightening of the Fed's monetary policy. Stock quotes fell against this background. Oil rises as American Petroleum Institute reports biggest drawdown in US stocks in 6 months

Global stocks are trading mostly down currently ahead of purchasing managers’ indexes reports after Wall Street ended mixed on Monday. Tesla’s shares jumped 4.85% outperforming market amid reports the EV maker is offering discounts for Model 3 in US after doing so in Europe, Meta shares added 1.09% on Monday despite European Data Protection Board order to halt Facebook user data transfers to US and 1.2 billion euro fine for the Facebook owner for data transfer of Facebook's EU users to US servers.

Global equity indexes are pointing in different directions currently after Wall Street ended lower on Friday as regional bank shares mostly fell. Microsoft shares slipped 0.06% while Twitter accused Microsoft of unauthorized usage of its data, Tesla’s shares rose 1.84% outperforming market Friday.

Global stocks are trading mixed currently after Wall Street ended solidly higher on Wednesday. Apple shares added 0.36%, Meta’s shares rose 1.53% outperforming the market on Wednesday despite reports the social networking giant is set to face a record European Union privacy fine - higher than the previous record 746 million euros fine for Amazon - related to data transfer of Facebook's EU users to US servers for failing to comply with a warning by a top EU court.

This morning, the US dollar index continues its confident rise, already reaching a six-week high. On Tuesday, US stock indices declined due to poor corporate news. Oil prices are falling due to weak economic data from China and rising inventories in the US. Gold has dropped below the psychological level of $2000 per ounce.