Markets mixed after Wall Street rebound - 10.3.2025

The Dollar has reversed its weakening presently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, ended 0.3% lower on Friday.

Both GBP/USD and EUR/USD resumed their climbing on Friday while statistics office Destatis reported steeper than expected German factory orders drop in January. Both euro and Pound are lower against the Dollar currently. USD/JPY ended flat on Friday while AUD/USD resumed its retreating with both the yen and Australian dollar higher against the Greenback currently.

US stock indexes futures are down currently after ending higher on Friday as Fed chair Powell indicated that the central bank would maintain a patient stance on interest rates while US jobs data showed the economy added fewer than expected jobs but more than the previous month, suggesting the labor market is not weakening precipitously. The three main US stock benchmarks recorded daily gains in the range from 0.5% to 0.7% on Friday led by technology shares.

European stock futures are mixed currently after closing lower on Friday led by luxury shares. Asian stock indexes futures are mixed today with Japan’s Nikkei leading gains while weekend data showed that China’s consumer and producer prices declined in February.

Brent is extending gains currently. Prices ended higher on Friday as president Trump wrote in a post on Truth Social that he was "strongly considering" sanctions on Russian banks and tariffs on Russian products. Prices rose despite Saudi Arabia announcement it was reducing oil prices for its largest market, Asia. US West Texas Intermediate WTI gained 1.0% and is higher currently. Brent  rose 1.3% to $70.36 a barrel on Friday.