Economic mirror of the day, comments

Following the auction on May 17, the value of the July contract for Brent crude on the ICE Futures exchange in London increased by $ 0.56 (1.1%) to $ 52.21 per barrel.

June futures on WTI on the New York Mercantile Exchange NYMEX went up by $ 0.41 (0.8%) - and amounted to $ 49.07 per barrel.

Today, oil is getting cheaper.July futures for Brent crude on the London Stock Exchange fell by 18 cents (0.3%) - to $ 52.03 per barrel.

Quotes of the June contract for oil WTI decreased by 15 cents (0.3%) - to $ 48.92 per barrel.

The dollar strengthened against the euro and the yen on Thursday after a sharp fall in the previous session on fears that political scandals in the US could prevent the implementation of the pre-election promises of US President Donald Trump.

Experts who bet on strengthening the US currency may begin to reconsider their forecasts.

The euro fell to $ 1.1130 compared to $ 1.1159 at the close of the previous session, the dollar to the yen rose to 111.30 yen against 110.83 yen the day before.

The euro to Japanese currency rose to 123.86 yen as against 123.68 yen a day earlier.

On Wednesday, the US currency depreciated by 0.7% against the euro and 2% against the yen.

The ICE U.S. Dollar index, which tracks the fluctuations of the dollar against the basket of six major world currencies, fell to its lowest level since November 2016, completely leveling off the rise since the presidential elections in the United States, MarketWatch reports. Since the beginning of 2017, the value of the indicator has decreased by 4.6%.

Quotes of gold futures rose during Asian deals on Thursday.

 At COMEX, a division of the New York Mercantile Exchange, gold futures for June delivery are traded at a price of $ 1.261.41 per troy ounce, up 0.22% as of this writing.

 The maximum of the session was a mark of $ per troy ounce. At the time of writing, gold found support at $ 1.226.80 and resistance at $ 1.262.86.

 Futures on the USD index, showing the ratio of the US dollar to the basket of the six major currencies, declined by 0.04% and is trading at around $ 97.38.

As for other commodities traded on COMEX, silver futures for delivery in July rose by 0.15%, reaching $ 16.931 per troy ounce, while copper futures for delivery in July decreased by 0.75%, reaching the level of 2,525 dollars per pound.

 Japan's GDP in the first quarter of 2017 grew by 2.2% in annual terms, according to preliminary data from the Cabinet of Ministers of Japan. The growth rate became the maximum for the year. At the same time, the country's economy demonstrates growth for the fifth quarter in a row - this is the longest period of continuous economic recovery in the country since 2006.

The assessment of GDP growth for the fourth quarter was revised upward - to 1.4% from 1.2%.

Support for the Japanese economy in the past quarter has been increased global demand, especially for products of the technology sector, as well as increasing consumer demand within the country.

Japanese exports in January-March rose by the end of the third quarter in a row - by 8.9%. Consumer spending, which accounts for about 60% of the country's GDP, increased by 1.4%, growth was noted for the fifth consecutive quarter.

At the same time, the pace of business investment growth in the first quarter slowed significantly, to 0.9% from 7.6% in the fourth quarter.

The growth rate of the Japanese economy in the first quarter surpassed the rise in the US (0.7%). Meanwhile, China announced a 6.9% GDP growth in January-March.