Stock markets upbeat after SP500 posts fresh record - 14.6.2021

The Dollar strengthening continues 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, jumped 0.5% on Friday as the University of Michigan reported higher than expected rise in consumer confidence for June.

GBP/USD joined EUR/USD’s accelerated sliding Friday despite the federal statistics office Destatis report German wholesale prices index increase accelerated in May when a slowing was expected. Both pairs are lower currently. USD/JPY pared all of prior day’s loss Friday while AUD/USD gave back all of its prior day’s gains with yen lower against the Greenback currently and the Australian dollar higher.

Futures on US equity benchmarks are higher currently after ending higher on Friday after data released on Thursday showed US inflation rose to its highest level in 13 year. The three main US stock benchmarks recorded daily gains ranging from 0.04% to 0.35% Friday with SP 500 finishing at a new record.

European stock futures are up currently after ending higher on Friday led by basic resources shares. Asian indexes are mostly rising today with Nikkei index leading gains currently as markets in China, Hong Kong and Australia are closed for a holiday. and Shanghai Composite is up as data showed China’s imports grew at their fastest pace in ten years.