Home About the company Daily reviews Asian stocks rise; oil reverses losses

Asian stocks rise; oil reverses losses

07.07.2022

Market Review

Commodities market

Oil reversed after the previous two days of losses, with Brent crude futures rising 0.51% and WTI crude futures up 0.56%.

Key tickers:

Brent: 101.13 — buy.

WTI: 98.91 — strong buy.

NG: 5.565 — buy.

Foreign exchange market

The U.S. dollar was down today despite rate hikes expectations that emerged over the hawkish minutes of the Fed's meeting in June. The dollar index (DXY) dropped 0.23% to 106.85.

Key tickers:

EUR/USD: 1.0193 — strong sell.

USD/JPY: 135.85 — strong buy.

USD/CAD: 1.3015 — strong sell.

GBP/USD: 1.1942 — neutral.

Crypto market

A new class-action suit was filed in California federal court accusing key members in the Solana ecosystem of illegally profiting from SOL, the blockchain native token.

Key tickers:

BTC: $20,416.0 — strong buy.

ETH: $1,174.11 — strong buy.

Neo: $8.5500 — strong buy.

Zcash: $58.20 — neutral.

Stock market

Asian stocks rose today despite intense recession risks worries, while the euro traded at a two-year low and oil reversed previous losses.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.02% today, and Nikkei 225 added 1.47%. South Korea’s KOSPI index is up 1.92%.

Key tickers:

-    indexes

S&P 500: 3,845.08 — strong buy.

Nasdaq 100 (NDX): 11,852.59 — strong buy.

Dow Jones Futures: 31,128.0 — strong buy.

DAX: 12,770.09 — buy.

-    Shares    

Apple #AAPL: 142.92 — strong buy.

Amazon #AMZN: 114.33 — strong buy.

Tesla #TSLA: 695.20 — strong buy.

Meta Platforms Inc #META: 169.77 — strong buy.

Author: GC
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