The Australian unemployment rate will be released on August 13 at 4:30 MT time!
Latest news you need to know
Oil went below zero
The oil price dipped below zero the first time in its history and then rebounded back to its recent level at $21.45. That’s happened because for some oil producers it’s cheaper to pay buyers to take their oil than to stop production or rent a storage. Reasons are the demand damaged by the coronavirus and the unlimited supply created by Russia and Saudi Arabia. Even OPEC+ agreements on cutting the oil production by nearly 10% couldn’t save the industry. Click here to read more.
Dollar strengthened on North Korea news
According to Bloomberg, the health of North Korea’s Kim Jong Un is deteriorating after the cardiovascular surgery last week. The US dollar gained, Asian and South Korean stocks weakened after these news. South Korean and Chinese sources doubt about his weak health. They reported that he is recovering.
Good news for British pound
The UK Claimant Count Change was released today. The numbers are encouraging! Only 12,100 people lost jobs when 170,000 were anticipated. It might help the British pound to stabilize for some time, but the US dollar anyway has a stronger position on the market now.
Earnings reports are coming up
This time it’s more intriguing than ever before. As investors want to see how companies cope with the coronavirus impact. Today we will get earning reports from Netflix at 23:00 MT and Coca-Cola at 14.30 MT. Be ready to react quickly!
The US dollar edged higher, while gold dipped down. Let’s discuss main news and market movements in detail.
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
Follow the report on August 14 at 15:30 MT time!
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
Everyone is talking about a stock split of Tesla. What is it?