Markets mixed ahead of US inflation data - 11.12.2024

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 0.2% higher on Tuesday.

EUR/USD accelerated its sliding while GBP/USD continued advancing yesterday despite data indicating UK job postings contracted in Noember. Both euro and Pound are lower against the dollar currently. USD/JPY slowed its advancing while AUD/USD reversed its climbing on Tuesday with the yen higher against the Greenback currently and Australian dollar lower still.

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year US notes up at 4.24%. Stock indexes ended down again on Tuesday as three main stock benchmarks recorded daily losses in the range from -0.35% to -0.25% led by tech shares weighed by a sell-off in Oracle shares after the cloud computing company missed Wall Street estimates for second quarter results.

European stock indexes are lower currently after closing down on Tuesday with industrial shares leading losses. Asian indexes futures are mostly retreating today with Hong Kong’s Hang Seng index leading losses while data indicated Japan's wholesale inflation increased for the third consecutive month in November due to higher labor and raw material costs.

Brent is extending gains currently. Prices continued advancing yesterday. The US oil benchmark West Texas Intermediate (WTI) gained 0.07% and is higher currently. Brent added 0.10% to $72.19 a barrel on Tuesday.