Equities subdued after Wall Street rally - 28.5.2025

The Dollar strengthening is intact 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, rose 0.8% on Tuesday.

Both EUR/USD and GBP/USD reversed their climbing yesterday while GfK reported consumer sentiment in Germany continued improving in May. Both Pound and euro are lower against the dollar currently. AUD/USD accelerated its sliding while USD/JPY accelerated its advancing on Tuesday with the yen higher against the Greenback currently and Australian dollar lower still.

Futures on three main US stock indexes are down currently ahead of the release of the Federal Open Market Committee’s last meeting minutes at 20:00 CET with the yield on benchmark 10-year US notes up at 4.475%. Stock indexes ended sharply higher on Tuesday recording daily gains in the range from 1.8% to 2.5% as the Conference Board Inc. reported a surprisingly big improvement in US consumer confidence.

European stock indexes futures are mixed currently after closing higher on Tuesday led by defense shares. Asian indexes futures are mostly retreating today with Japan’s Nikkei leading losses.

Brent is up currently. Prices slid about 1% yesterday as Reuters poll results forecast US crude oil stockpiles likely rose by about 500,000 barrels last week. The US oil benchmark West Texas Intermediate (WTI) slid 1.04% but is higher currently. Brent lost 1% to $64.09 a barrel on Tuesday.