Markets rebound after Wall Street selloff resumed - 14.3.2025

The Dollar strengthening is intact currently. 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, rose 0.3% on Thursday.

GBP/USD joined EUR/USD’s accelerated sliding yesterday as the statistics agency Eurostat reported euro are industrial production rose more than expected in January. Both euro and Pound are lower against the dollar currently. Both USD/JPY and AUD/USD reversed their advancing on Thursday with the yen lower against the Greenback currently and Australian dollar higher.

US stock index futures are up currently with the yield on benchmark 10-year Treasury notes up at 4.268%. The three main stock benchmarks ended solidly lower on Thursday recording daily losses in a range from -1.96% to -1.3% while Department of Labor reported weekly jobless claims declined and were below forecast.

European indexes futures are higher today after stock indexes closed lower while president Trump warned of a 200% tariff on European alcoholic beverages, including wines and champagnes, if the EU proceeded with its planned 50% tariff on American whiskey. Asian stock indexes futures are rising today with Hong Kong’s Hang Seng leading gains after China’s central bank, the People’s Bank of China announced plans yesterday to implement additional monetary tools including potential interest rate cuts aimed at stimulating growth.

Brent is retracing higher currently as Trump administration imposed sanctions on Iranian Oil Minister Mohsen Paknejad targeting entities and vessels associated with Iran’s "shadow fleet," which is used to circumvent existing sanctions. Prices ended over 1% lower on Thursday as the International Energy Agency reported that global oil supply could exceed demand by around 600,000 barrels per day this year. West Texas Intermediate (WTI) futures slid 1.7% but are higher currently. Brent futures lost 1.5% to $69.88 a barrel on Thursday.