Equities in the US were up for a third day in a row led by health care and consumer discretionary sectors. S&P500 is up by 0,5% and DJIA by 0,3%. Nasdaq rises by 0,7% on a strong rebound of biotech companies. Still many energy companies are struggling.
Chevron remains the main laggard of DJIA and energy sector is the only one down among S&P 500 sectors.
The energy sector still sees huge pressure from oil prices, which tumbled 1% yesterday. OPEC announced yesterday that its output may rise to 33 mb/d once Iran sanctions are lifted. Although the announcement did not have a direct impact on oil prices, it makes it very hard to even consider going long on oil futures.
Among currencies the US dollar stayed firm even despite much weaker NY Empire State index. EURUSD and GBPUSD are both down 0,3%. Stocks in Europe went also down. DAX dropped 0,4% led by consumer staples sectors.