Stocks venture up after Wall Street rally continued - 25.4.2025

The Dollar strengthening 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, slid 0.5% on Thursday.

Both EUR/USD and GBP/USD reversed their sliding yesterday as European Central Bank’s voting member Holzmann said rate cuts must wait for more tariff certainty. Both euro and Pound are lower against the dollar currently. USD/JPY reversed its climbing while AUD/USD reversed its sliding on Thursday with both the yen and Australian dollar lower against the Greenback currently.

US stock market futures are up currently with the yield on benchmark 10-year Treasury notes steady at 4.305% currently. The three main stock benchmarks ended sharply higher on Thursday recording daily gains in the range from 1.2% to 2.7% despite mixed corporate earnings reports and reports from China and the European Union that trade deals aren’t imminent.

European stock markets futures are higher currently after stock indexes closed marginally higher on Thursday while Germany downwardly revised the 0.3% growth forecast for 2025 to zero growth for the year. Asian stock indexes futures are mixed today with Japan’s Nikkei leading gains buoyed by technology and chipmaking stocks tracking overnight gains on Wall Street.

Brent is edging down presently. Prices reversed sliding on Thursday as Iranian Foreign Minister said he was ready to travel to Europe for talks on Tehran’s nuclear program while France indicated European powers were ready for dialogue if Tehran showed it was seriously engaged. West Texas Intermediate (WTI) futures rose 0.8% but are lower currently. Brent futures added 0.7% to $66.55 a barrel on Thursday.