Equities mixed after Wall Street rebound continued - 30.4.2024

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, ended 0.3% lower on Monday.

Both EUR/USD and GBP/USD reversed their retreating on Monday while federal Statistics office Destatis reported Germany’s harmonized consumer price index rose 3.4% in April compared to a year ago. Both Pound and euro are lower against the dollar currently. USD/JPY reversed its retreating yesterday while AUD/USD acceleated its climbing with both the yen and Australian dollar lower against the Greenback currently after data showed an unexpected drop in Australia retail sales in March.

Futures on three main US stock indexes are lower currently with the yield on benchmark 10-year Treasury down at 4.607% ahead of Conference Board’s Consumer Confidence report at 16:00 CET today. US markets closed up on Monday with the three main stock benchmarks recording daily gains in a narrow range from 0.32% to 0.38%.

European stock indexes futures are mixed currently after indexes closed higher on Monday with mining stocks leading gains. Asian indexes futures are mostly rising today with Nikkei index leading gains after reopening following a long weekend.

Brent is edging higher currently. Oil prices ended more than $1 lower yesterday on receding of fears of a wider Middle East war as ceasefire talks between Israel and Hamas continued . US West Texas Intermediate WTI slid 1.5% but is higher currently. Brent lost 1.14% to $87.20 a barrel on Monday.