U.S. indices closed mixed on Monday with the Dow Jones rebounding while S&P 500 and Nasdaq were under pressure. Stocks in Retailing (-0.85%), Banks (-0.84%) and Diversified Financials (-0.79%) sectors traded lower while the one from Household & Personal Products (+1.11%), Health Care Equipment & Services (+0.71%) and Technology Hardware & Equipment (+0.69%) sectors gained some ground. On the economic data front, the Dallas Fed Manufacturing Activity Index climbed to -6.3 in July (vs -6.0 expected) from -12.1 in June. The S&P 500 (3,020.97) stays above its 20d moving average (2,996.05 – positive slope) and its 50d moving average (2,918.39 – positive slope).
European markets are expected to start on a flat note.
Foreign Exchange
The US dollar was little changed against all its major pairs on Monday. On the economic data front, there was no news to report.
The Euro was bullish against all of its major pairs. In Europe, there was no major economic stat yesterday.
The Australian dollar was bearish against all of its major pairs with the exception of the GBP.
Commodities
After the close of Wall Street, WTI Crude Future (SEP 19) was up $0.9 to $57.07. The contract was below its 20D MA (@ $57.55) and above its 50D MA (@ $56.93).
Gold was about flat to $1427.4. The precious metal was above its 20D MA (@ $1417) and above its 50D MA (@ $1373).
Copper Future (SEP 19) on Comex was up 3.4c to 271.95c/lb. The contract was above its 20D MA (@ 269.44c) and above its 50D MA (@ 268.68c). In Europe, the London Metal Exchange reported its copper inventories decreased 1175 tons to 292950 tons.