Stocks mixed after Wall Street dip - 27.2.2024

The Dollar weakening continues 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 Monday.

EUR/USD joined GBP/USD’s continuing advancing on Monday while Confederation of British Industry reported UK retail sales slump eased in February. Both Pound and euro are higher against the dollar currently. USD/JPY resumed its climbing and AUD/USD resumed its sliding yesterday with both the yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year Treasury down at 4.280%. US markets closed lower on Monday with the three main stock benchmarks recording daily returns in the range from -0.4% to -0.1% as data showed US sales of new single‐family houses rose less than expected in January.

European stock indexes futures are mixed currently after closing lower on Monday led by mining shares. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading gains while Japanese data showed consumer price index fell slightly less than expected in January.

Brent is edging up currently. Prices ended about $1 higher yesterday on the back of supply concerns fueled by Russian sanctions and shipping disruptions and US refinery output decline due to planned overhauls. US West Texas Intermediate WTI rose 1.4% and is higher currently. Brent added 1.1% to $82.5 a barrel on Monday.