Markets mixed after US stocks edged up - 28.8.2024

The Dollar weakening has reversed 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 0.2% lower on Tuesday.

Both EUR/USD and GBP/USD reversed their sliding yesterday while the British Retail Consortium reported that store prices in the UK fell into deflation territory for the first time in almost three years in August. Both Pound and euro are lower against the dollar currently. USD/JPY reversed its advancing while AUD/USD reversed its sliding on Tuesday with the yen lower against the Greenback currently and Australian dollar steady.

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year US notes down at 3.827%. Stock indexes ended up on Tuesday as three main stock benchmarks recorded daily gains in a narrow range from 0.02% to 0.16%.

European stock indexes are mixed currently after closing up on Tuesday with travel shares leading gains. Asian indexes futures are mixed today with Japan’s Nikkei leading gains while data showed Australian consumer prices inflation for July was slightly higher than expected.

Brent is falling currently. Prices ended 2% lower yesterday after surging over 7% during the prior three days. The Energy Information Administration (EIA) will release its US inventory data at 18:30 CET today. The US oil benchmark West Texas Intermediate (WTI) fell 2.4% and is lower currently. Brent lost 2.3% to $79.55 a barrel on Tuesday.