Stocks down after US stocks ended mixed - 13.3.2025

The Dollar strengthening continues 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 Wednesday.

GBP/USD slowed its climbing while EUR/USD reversed its advancing yesterday after the European Union announced reciprocal duties in response to new US tariffs on imports of steel and aluminum. Both Pound and euro are lower against the dollar currently. Both USD/JPY and AUD/USD continued their climbing on Wednesday with the yen higher against the Greenback currently and the Australian dollar lower.

The US stock index futures are down currently ahead of unemployment benefits report at 13:30 CET. US stocks ended mixed on Wednesday with the three main US stock benchmarks recording daily returns in a range from -0.2% to 1.2% while Bureau of Labor Statistics reported US inflation eased in February.

European stock indexes are down currently after closing higher yesterday while retail stocks led losses weighed by Spanish fashion giant Intidex following quarterly report showing a sales slowdown. Asian stock indexes futures are retreating currently with Australia’s S&P/ASX 200 All Ordinaries index leading losses amid reports China’s commerce ministry met with Walmart after news the US retailer has asked Chinese suppliers to slash prices on their goods by as much as 10% per round of tariffs, essentially shifting the full cost of US tariffs onto these suppliers.

Brent is edging up presently. Prices rose over 2% on Wednesday as the Energy Information Administration (EIA) reported US gasoline inventory last week fell by above expected 5.7 million barrels. The US oil benchmark West Texas Intermediate (WTI) futures lost rose 2.2% and are higher currently. Brent crude gained 2% to $70.95 a barrel on Wednesday.