Markets mixed after Wall Street rebound - 23.11.2023

The Dollar strengthening has halted 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, edged up 0.2% Wednesday while the Department of Labor data showed the number of Americans who sought unemployment benefits over the last week was lower than the forecast while their number fell.

GBP/USD joined EUR/USD’s extended sliding on Wednesday while Eurostat reported euro area consumer confidence improved marginally in November. Both euro and Pound are higher against the dollar currently. USD/JPY reversed its sliding yesterday while AUD/USD accelerated its retreating with both the yen and the Australian dollar higher against the Greenback currently.

The US stock index futures are higher currently while US markets will be closed for Thanksgiving holiday today. The three main US stock indexes ended up on Wednesday in the narrow range from 0.4% to 0.5% as Census Bureau data showed US durable goods orders fell more than expected in October.

European stock indexes futures are up currently after indexes closed higher yesterday with travel and leisure shares leading gains. Asian stock indexes futures are mixed in thin trading today with Hong Kong’s Hang Seng Index leading gains with technology stocks under pressure after NVIDIA provided a weak guidance on Chinese sales.

Brent is edging lower presently. Prices fell yesterday after OPEC+ unexpectedly postponed the meeting originally scheduled for November 26 to November 30. The US oil benchmark West Texas Intermediate (WTI) futures lost 0.9% and is lower currently. Brent crude slid 0.6% to $81.96 a barrel on Wednesday.