ASX, AUD, commodities fall throughout the board, Bitcoin, Dogecoin rise – Yahoo Finance Germany
Yahoo Finance Thursday morning markets are closing. Source: Getty
Here’s everything you need to know about the financial markets this morning.
ASX: The Australian stock market is likely to continue its decline on Thursday. According to the latest SPI futures, the ASX 200 is expected to open 8 points, or 0.1 percent lower in the day this morning.
Wall street: It was a bad trading night on Wall Street, with the Dow Jones down 0.4 percent, the S&P 500 down 0.2 percent and the Nasdaq down 0.1 percent.
AUD: The Australian dollar trades at 0.7735 against the US dollar at 7:40 a.m. this morning.
oil: Energy producers will be on their guard after oil prices have fallen. According to Bloomberg, WTI crude oil prices fell 0.5 percent to $ 69.71 a barrel and Brent crude oil prices fell 0.3 percent to $ 72.00 a barrel. Weaker than expected fuel demand in the US weighed on prices.
gold: According to CNBC, the spot gold price fell 0.15 percent to $ 1,891.50 an ounce. Traders appear nervous ahead of the US inflation data release tonight.
Iron ore: Iron ore prices continue to rise. According to Metal Bulletin, the steelmaking ingredient has expanded its recent gains, rising another 1.5 percent to $ 212.67 per tonne overnight.
Cryptocurrency: Bitcoin, Dogecoin are rising, while there is talk of a market rally after a strong sell-off across the board last week.
Trade war: The EU has threatened a trade war with the UK if it fails to carry out goods checks in Northern Ireland as part of the Brexit divorce deal. After the talks in London ended without a breakthrough on Wednesday, the Vice President of the European Commission, Maros Sefcovic, said that patience with Great Britain was “very, very thin”.
COVID-19: Australia risks being a “sedentary duck” to coronavirus and flu if international borders are opened unless major surgeries are performed in public hospitals. That is the strong warning from the Australian Medical Association to the federal government of a projected gradual return to overseas travel in the middle of next year.
The story goes on
Investment tips: Many Aussies decided to invest last year after collecting money that was usually spent on travel and entertainment. However, if you don’t want to jump on the investment train just yet, here are helpful tips to get you started.
Have a great day.
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