Markets rebound after Wall Street rally continued - 11.11.2024

The Dollar strengthening is intact today. 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% higher on Friday.

Both EUR/USD and GBP/USD reversed their climbing on Friday. Both Pound and euro are lower against the Dollar currently. AUD/USD joined USD/JPY’s slowed sliding on Friday with the yen lower against the Greenback currently and Australian dollar higher.

US stock indexes futures are up currently after resuming advancing on Friday. The three main US stock benchmarks closed ta fresh all-time highs recording daily gains in the range from 0.1% to 0.6% as University of Michigan data showed US consumer confidence rose in November.

European stock index futures are higher after closing down on Friday led by mining shares. Asian stock indexes futures are rising today with Japan’s Nikkei leading gains while the minutes of the Bank of Japan's October policy meetings showed officials were divided on how soon they could raise rates again.

Brent is little changed currently. Prices ended more than 2% lower on Friday on subsiding concerns of negative impact of Hurricane Rafael on Gulf of Mexico US crude oil output. US West Texas Intermediate WTI lost 2.7% and is flat currently. Brent fell 2.3% to $73.87 a barrel on Friday.