US Stock Index Futures Edged Higher

Forex News

US stock indices remain stable with the support of rising oil prices. American stock market is on the way to its ideal week since the end of January, given five consecutive daily wins. Major US stock indices rose yesterday against the backdrop of statistics on slowing the pace of core inflation in April. The Dow Jones industrial index rose 0.8% to 24,739.53 points, the NASDAQ high-tech company index dropped 0.89% to 7,404.97 points, the broad S&P 500 index gained 0.94%, to 2,723.07 item.

Oil prices were mainly flat today, hovering near the more-than-three-year highs reached after President Donald Trump’s decision to pull the US out of the Iran nuclear deal. WTI crude oil gained 0.3%, to $71.55 a barrel, after closing up 0.3% to $71.36 on Thursday. Brent was up 3 cents to $77.50 a barrel, after notching modest gains on Thursday. For the week, Brent is poised to gain 3.5%.

Bitcoin, the most popular cryptocurrency in the world, fell in price below $9.000 today. According to the portal CoinMarketCap, bitcoin was cheaper by 3.79%, to $8.993. At the Bitfinex exchange, the cryptocurrency fell by 4.14%, to $8.974, on the GDAX - by 3.42%, to $8.970. Level of $10.000 remains a significant barrier for bitcoin, with it having failed to break above here on a few occasions in recent weeks.