Daily Market Analysis

US stocks are set to weaken at the open today, consolidating after gains in the previous session, with investors wary amid few signs of progress over the next virus relief bill.

European stock markets traded mixed early Thursday, with strong industrial data supporting the German market while the Bank of England kept monetary policy unchanged, offering up a more pessimistic outlook.

The pair bounced off the key resistance at 1.1900. All eyes on the NFP.

Asian equity markets traded mixed amid a lack of fresh catalysts and with the region failing to take advantage of the mild tailwinds from Wall Street.

Gold exceeded $2.000 per ounce. Stock futures rose on Wednesday as investors awaited further updates on stimulus talks.

New COVID-19 cases globally have been on the rise lately, although it is too early to call them second waves in most countries. 

With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.

The focus is on the ongoing negotiations of the next stimulus bill in the United States, which do not seem to move forward.

Stocks futures rose on Monday, indicating a higher start to the first session of August.

The Bank of England is expected to keep its monetary policy unchanged this Thursday.

US cases jump by 67.000, US agrees to pay Sanofi and GSK 2.1 billion dollars for 100 million doses of coronavirus vaccine.

Gold gains more than 1% against the US dollar and currently trading at 1976. Intraday it reached up to 1980 which is a new record for the precious metal.