Top 5 Global Market News - U.S. dollar, Gold Futures, Bitcoin, Renault, Oil - 01 July, 2021

Top Stocks in News Today ➡

1. U.S. dollar on track for best month in 4-1/2 years; payrolls in focus

The dollar gained on Wednesday, headed for its biggest monthly rise since November 2016, supported overall by a surprisingly hawkish shift in the U.S. Federal Reserve's rates outlook at a meeting early this month, as well as concern over the spread of the Delta coronavirus variant.
The dollar has gained about 2.6% against a basket of currencies this month, partly in the wake of the Fed stance. Traders are looking to Friday's U.S. nonfarm payrolls report for a likely confirmation of a shift in monetary policy.

2. Gold Down, Near Over Two-Month Low as Investors Await U.S. Jobs Data

Gold was down on Wednesday morning in Asia, near an over two-month low and headed towards its worst monthly drop since November 2016. Investors now await U.S. jobs data for further clues on the U.S. Federal Reserve’s monetary policy moving forward.
Gold Futures were down 0.26% to $1,758.95 by 12:53 AM ET (4:53 AM GMT), after falling to their lowest level since Apr. 15 on Tuesday.

3. Power Players Ready To Enable Bitcoin Buying for US Banks

NCR Corp has taken the world by storm with its latest news — it will open Bitcoin purchases to multiple banks and credit unions. This means that over 650 US banks will soon be offering Bitcoin buying to about 24 million customers.
Enterprise payment titan NCR and the well-known digital asset management company NYDIG, struck the deal. It means that community banks and credit banks from all parts of the USA will be able to provide crypto trading via mobile apps for their clients.

4. Renault revives models of the past for an electric future

Renault unveiled a more ambitious strategy for electric vehicles (EVs) on Wednesday, betting on new, affordable versions of its iconic small cars of the past to catch up with Volkswagen in the fast-growing sector.
The French carmaker's Chief Executive Luca de Meo said it would launch 10 new EVs by 2025 and that all-electric vehicles would account for up to 90% of its models by 2030, dropping its reliance on hybrids to hit the target under a previous plan.

5. Oil Bulls Eye OPEC As U.S. Crude Heads for Best Quarter in a Year

Oil bulls had their eyes warily on OPEC as U.S. crude headed for its best quarter in a year on Wednesday on optimism about fuel demand even as producers planned output hikes and new coronavirus outbreaks were reported from a variant of the virus.
New York-traded West Texas Intermediate, the benchmark for U.S. oil, hovered at around $74 per barrel by lunch hour in New York, on track to a 25% gain for the second quarter.

#Stockmarketnews #cryptonews #sharemarketnews #beststocktobuy