Home Tools Market Update – December 5 – Dollar slips, Gold hovers around $1800

Market Update – December 5 – Dollar slips, Gold hovers around $1800


  • USDIndex Back to 104 area for the first time since June. Global Stocks are UpIn the hopes of China is reopening without considering the strength in headline payroll gains, and the rise in earnings. USDIndex Last week, it was down 1.4% and November was down 5%. (Worst Month since 2010
  • Yuan It reached its highest levels since September. China’s zero Covid pivot accelerates announcing an easing of coronavirus curbs over the weekend as China tries to soften its stance on COVID-19 restrictions in the wake of unprecedented protest against the policy.
  • Wall Street banks give 30% bonus cuts
  • Stocks boosted. The Hang Seng More than 4% rallied, while the CSI300 was close to 2%. Nikkei ASX performed poorly, but managed to post fractional gains. GER40 UK100 are little changed though and US futures slightly lower, as markets weigh the impact of China’s move on economies and central bank moves elsewhere. The US 10-year yield is currently at 5.4 bp, 3.54%. The 10-year Bund rate at 1.87% is at 2.9 bp.
  • Europe: The beginning of the G7’s $60-a-barrel price cap on Russian oil. Russia rejects the G7’s $60-a-barrel price cap on Russian oil.
  • USOil – At $0, the settlement was lower80.30 as  Russia rejects EU cap. Jumped first at $81.90 As China’s reopening will eventually improve the outlook for…

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