Stocks down after Wall Street dip - 16.4.2025

The Dollar weakening has resumed 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, ended 0.5% higher on Tuesday.

EUR/USD reversed its climbing while GBP/USD slowed its advancing on Tuesday as the Office for National Statistics reported UK labor market eased with wage growth remaining strong. Both Pound and euro are higher against the dollar currently. USD/JPY reversed its climbing 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 lower currently ahead of retail sales report at 14:30 CET with the yield on benchmark 10-year US notes down at 4.321%. Stock indexes ended lower on Tuesday recording daily returns in the range from -0.38% to -0.05% as data showed the decline in New York State manufacturing activity slowed while US import prices decreased.

European stock indexes futures are sharply lower currently after rebounding on Tuesday as president Trump said the previous day he was looking to “help some of the car companies” amid his 25% auto tariffs. Asian indexes futures are mostly retreating today with Hong Kong’s Hang Seng index leading losses despite data showing China’s economy grew by above forecast 5.4% over year in the fist quarter.

Brent is down currently. Prices declined yesterday as the International Energy Agency projected that global oil demand in 2025 will grow at its slowest rate for five years due to negative impact of Trump’s trade tariffs on global economic growth. The Energy Information Administration (EIA) will release its US crude oil inventory data at 16:30 CET today. The US oil benchmark West Texas Intermediate (WTI) slid 0.3% and is lower currently. Brent fell 0.3% to $64.67 a barrel on Tuesday.