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Markets saw a bit of risk aversion as traders digest Fed Chairman Powell’s mixed comments yesterday and looked ahead to tomorrow’s NFP report. Cautious comments from China about a potential comprehensive trade deal also contributed to the risk-off tone.
FX: The safe haven Japanese yen was the strongest major currency on the day. The commodity-linked Canadian and Australian dollars were the weakest majors.
Commodities: Oil dropped nearly 2% on the day while gold tacked on more than 1%.
US indices closed lower on the day despite a late rally into the close.
Utilities (XLU) were once again the strongest sector, while Materials (XLB) brought up the rear.
Stocks on the move:
Both Apple (AAPL) and Facebook (FB) gained 2% today reporting solid earnings after the bell yesterday.
Social media company Pinterest (PINS) beat expectations for users, but missed on revenues. The stock is tanking in after-hours trade, down -19% as of writing.
Chinese search giant Alibaba (BABA, -1%) is set to report earnings before the opening bell tomorrow. Exxon (XOM, -0%) and Chevron (CVX, -0%) also report ahead of the open.
Original from: www.forex.com
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