Stocks venture up ahead of US inflation data - 15.1.2025

The Dollar weakening 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% lower on Tuesday.

EUR/USD accelerated its climbing while GBP/USD reversed its advancing yesterday. Both euro and Pound are higher against the dollar currently. USD/JPY reversed its sliding while AUD/USD slowed its advancing on Tuesday with both the yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year US notes down at 4.78%. Stock indexes ended mixed again on Tuesday as three main stock benchmarks recorded daily returns in the range from -0.23% to 0.52% after the Bureau of Labor Statistics data indicated the producer price index rose less than expected in December. Investors await the December consumer price index report at 14:30 CET today which is widely expected to have material impact on Fed’s interest rate decision.

European stock indexes are higher currently after closing down on Tuesday with oil and gas shares leading losses. Asian indexes futures are mixed today with Japan’s Nikkei leading losses.

Brent is edging higher currently. Prices extended losses yesterday after the U.S. Energy Information Administration forecast steady US oil demand in 2025 while raising its forecast for supply. The US oil benchmark West Texas Intermediate (WTI) lost 1.67% but are higher currently. Brent fell 1.35% to $79.92 a barrel on Tuesday.