Re: Daily Market News by Xtreamforex.com
European Stock Futures Rise, Gold Reaches New High
European stock futures advanced on Friday, contrasting with declines in Asian markets, as global investors responded to a diverse set of influences ranging from U.S. inflation data to geopolitical tensions in the Middle East. Concurrently, gold prices soared to a new high, touching nearly $2,400 an ounce, while oil prices also saw an uptick, with Brent crude crossing the $90 per barrel mark, despite the overall weekly trajectory pointing towards a decline.
The financial landscape was marked by various pressures, including the aftermath of a deadly attack on an Iranian diplomatic site in Syria, raising concerns over potential regional escalations. These geopolitical developments, alongside enduring inflation concerns, have kept the global markets on edge.
European equity futures exhibited resilience, increasing by 0.7%, even as the broader MSCI Asia-Pacific stocks index dipped by 0.3%. The disparities in regional market performances underscore the complex interplay of global economic signals and local factors. Notably, Asian markets experienced mixed outcomes; Japanese stocks gained, propelled by a robust real estate sector, while stocks in Australia, South Korea, and Hong Kong faced declines.
Read More : https://bitly.ws/3hTLa