Stocks track Wall Street rebound - 14.4.2025

The Dollar weakening continues 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, fell 1.1% on Friday.

Both GBP/USD and EUR/USD slowed their advancing on Friday while Office for National Statistics reported the UK economy growth was higher than expected in February. Both euro and Pound are higher against the Dollar currently. USD/JPY slowed its sliding and AUD/USD slowed its climbing on Friday with both the Australian dollar and the yen higher still against the Greenback currently.

US stock indexes futures are up currently after ending solidly lower on Friday as the White House signaled that electronics will be exempt from President Donald Trump’s steep 145% tariffs on China. The three main stock benchmarks recorded daily gains in the range from 1.6% to 2.1% despite University of Michigan survey results showing US consumer sentiment tumbled in April.

European stock futures are tracking Wall Street currently after closing mixed on Friday led by industrials and oil and gas shares while European Commissioner for Economy and Productivity said “the negative impact on the European Union would be less than for the US” from president Trump’s tariffs regime. Asian stock indexes futures are rising today with Hong Kong’s Hang Seng index leading gains after US administration signaled on Friday that electronics will be exempt from steep 145% tariffs on China though president Trump said over the weekend that this was temporary and that he was planning to announce separate tariffs on electronics, which could include semiconductors.

Brent is up currently. Prices ended higher on Friday after US Energy Secretary Chris Wright said the United States could end Iran's oil exports as part of an effort to bring the Islamic Republic to terms over its nuclear program. US West Texas Intermediate WTI futures gained 1.4% and are higher currently. Brent rose 1.4% to $64.76 a barrel on Friday.