Market Updates at a Glance 24/5/22 (Tuesday)
➤U.S. stocks rebounded Monday with equities coming off a seven-week losing streak after Biden says he's weighing cutting tariffs on China.
Dow +1.98%, S&P +1.86% & Nasdaq +1.59%.

➤The U.S. dollar index continues to pull back, fell 0.89% to 102.10 while the 10-year treasury yield edged slightly higher to 2.85%.

➤EUR & GBP extended the gains amid the broad-based U.S. dollar weakness; with GBP +0.72% closed at 1.2582, while EUR jumped +1.29% to 1.069 after hawkish comments from European Central Bank’s President Christine Lagarde. CNH (Chinese Yuan) continued to strengthen against the greenback after Biden’s comments on removing tariffs on Chinese imports.

➤Gold rose on Monday to $1853 helped by the weakness of the greenback. Oil (Brent) was slightly up to $113.31 as higher fuel demand with the upcoming U.S. summer driving season and Shanghai's plans to reopen after two-month coronavirus lockdown.

➤ BTC closed at $29,068, the pair is trading sideways in the range of $28,550-$31,300 in the past two weeks.


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