Daily market review – July 3rd 2017

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The Asian markets opened the second half of the year in a mixed trend as investment restrictions on Chinese bonds through Hong Kong were removed, and a survey by the country’s central bank showed that global economic confidence has risen to a record high of more than three years.
According to the Central Bank of Japan survey, the manufacturers’ confidence index reached 17 points in May, compared to only 12 points in April.

The price of the Oil records eighth successive day of gains and the metal prices are rising after reports that Chinese factories are growing again.
WTI crude for delivery in August in New York rose BY 0.6% to $ 46.3 per barrel.
The Brent oil for September delivery is up by 0.5% to $ 49 a barrel in London.

In the forex market, the Euro weakened against the US dollar by 0.2% and traded around $ 1.1405 per Euro, while the pound weakened against the US dollar by 0.1% and traded around $ 1.3013 per Euro.

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