Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD

FLASH: Gold Up USD Up, Crude Oil Up, Stocks Down

Headlines

  • Crude Oil prices up as geopolitical tensions counter sluggish demand,
  • Asian shares slide as ECB holds off easing, earnings mixed,
  • Gold up on rate-cut bets; focus on US GDP data

Gold: Gold prices steadied Friday after touching a 1-wk low in the previous session, buoyed by expectations of monetary policy easing from leading central banks, while investors awaited US economic growth data due later Friday.

  • Spot gold was up 0.1% at $1,415.15 oz, as of 0557 GMT,
  • US gold futures were steady at $1,414.40.

Positive view on gold is driven by expectations of broad monetary easing by key central banks globally, including the Fed and the European Central Bank.

Energy: Crude Oil prices higher Friday on worries about Middle East tensions, offset by a flagging global economic growth outlook amid the US-China trade dispute.

  • ICE Brent Crude Oil futures were up 7c, or 0.1%, at $63.46 bbl by 0457 GMT,
  • NYMEX WTI Crude OIL was 18c higher, or 0.3%, at 56.20 bbl.

Growing challenges in the macroeconomic environment have kept bullish bets in check as risk appetites remain soft over potential weakness in global fuel demand.

Equities: Asian share prices dropped Friday following mixed US earnings reports and after the European Central Bank disappointed those investors who had expected an immediate easing.

MSCI’s broadest index of Asia-Pacific shares sand Japan .MIAPJ0000PUS dropped 0.53% while Japan’s Nikkei .N225 lost 0.58%. Shanghai shares .SSEC ticked down 0.16%.

European stocks are seen flat, with pan-European Euro Stoxx 50 futures STXEc1 up 0.03%, while German DAX futures FDXc1 were up 0.15% and FTSE futures FFIc1 down 0.13%.

Wall Street shares fell from record highs Thursday, with the S&P 500 .SPX losing 0.53%, following a flurry of downbeat Quarterly results from Ford Motor (F) and other companies.

US stock futures ESc1 rose 0.23% in Asia.

Currencies: EUR bounced back to at $1.1149 in Asian trade, after sinking to $1.1101 Thursday, its lowest since May 2017

JPY little changed Vs at 108.57 JPY/Dollar.

Commodities (Quotes): Metals, Energy, and Agriculture Grains

COMMODITYLASTCHANGE% CHANGEEXP DATETIME
Gold Spot »1,418.60USD+4.47+0.32%Dec 022:59AM EDT
COMEX 100oz Gold »1,413.90USD+0.000.00%Jul 197:01PM EDT
Silver Spot »16.44USD+0.04+0.25%Dec 022:59AM EDT
Platinum Spot »866.26USD+1.26+0.15%Dec 022:59AM EDT
Palladium Spot »1,529.62USD-0.88-0.06%Dec 022:59AM EDT
COMEX Copper »2.70USD+0.000.00%Jul 197:01PM EDT
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
NYMEX Crude Oil »56.35 USD+0.33+0.59%Aug 192:52AM EDT
ICE Brent Crude »63.60 USD+0.21+0.33%Jul 192:52AM EDT
NYMEX RBOB Gasoline »1.89 USD+0.01+0.54%Jul 192:50AM EDT
Dubai Crude Spot »63.12 USD+0.36+0.57%Dec 023:02AM EDT
ICE Gas Oil »588.00 USD-0.25-0.04%Aug 192:52AM EDT
NYMEX No2 Heating Oil »1.92 USD+0.00+0.19%Jul 192:53AM EDT
NYMEX Nat Gas »2.23 USD-0.02-0.81%Jul 192:48AM EDT
ICE NBP Nat Gas »27.60 GBP-0.07-0.25%Jul 192:19AM EDT
COMMODITYLASTCHANGE% CHANGEEXP DATETIME
CBOT Corn »419.25USC+0.75+0.18%Sep 192:58AM EDT
CBOT Wheat »498.50USC-1.00-0.20%Sep 192:58AM EDT
KCBT Wheat »437.25USC-0.25-0.06%Sep 192:46AM EDT
MGE Spring Wheat »564.00USC-1.25-0.22%Dec 021:00AM EDT
Euronext Milling Wheat »175.75EUR+0.000.00%Sep 1912:29PM EDT
CBOT Soybean»884.25USC+1.75+0.20%Aug 192:58AM EDT

Have a terrific weekend

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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