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Majot market moves

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The dollar extended its gains while shares in Europe took a breather after the World Rally Wednesday. Oil and Gold fell.

The green currency is headed for its longest winning streak since May while gold continued to weaken after Lael Brainard became the last employee of the FED, who supports raising interest rates anytime soon.

A record high of US oil sent the resource at losing a series of two months ago.

European benchmark stock started to decline after the biggest jump since November.

Data on Thursday showed that inflation in the eurozone rose to 2% in February.

Upcoming events for which traders will monitor:

* Janet Yellen gives guidance on the economic outlook on Friday in Chicago.

* Snapchat will start trading on Thursday on the NYSE under the ticker SNAP.

*The Chinese People’s Political Consultative Conference, an advisory body of more than 2,000 political elites, business executives and others, opens its annual session in Beijing on 3rd of March.

The main movements in the market:
Shares:
The Stoxx Europe 600 Index fell less than 0.1 percent at 6:21 pm in New York, slipping from 15-month high earlier in the session

* Futures the S & P 500 traded 0.2% lower after the index jumped 1.4 percent on Wednesday. The Dow traded above 21,000, the ceiling of the 35-day run between a thousand points achievements which marked the fastest record.

Asian stocks rose. Australia's benchmark rose 1.3 percent, the most since November and Jakarta Composite Index had its biggest increase this year.

Currencies:

* The Bloomberg Dollar Spot Index added 0.3 percent, rising for the fifth consecutive day.

* The euro fell for a third day by 0.2% to $ 1.0525.

* The yen fell 0.5 percent to 114.28 per dollar, after falling by 0.9% on Wednesday.
bonds:

* The yield on 10-year government bonds rose one basis point to 2.47 percent, after embarking six basis points on Wednesday.

* Yields on German benchmarks notes increased two basis points to
0.3 percent, the highest since February 21.
resources:

* Gold fell 0.6 percent to $ 1,242.49 an ounce. The metal was at the highest level in more than three months last Friday.

West Texas Intermediate oil slid 0.9 percent to $ 53.35 a barrel, falling for a third day, the longest losing streak of two months ago.

 


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