Equities down after Wall Street ended mixed - 4.6.2024

The Dollar weakening has halted 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 0.5% lower on Monday.

Both EUR/USD and GBP/USD accelerated their advancing on Monday while SP Global downgraded euro area manufacturing PMI for May. Both Pound and euro are lower against the dollar currently. USD/JPY reversed its advancing yesterday while AUD/USD accelerated its climbing with the yen higher against the Greenback currently still and Australian dollar lower.

Futures on three main US stock indexes are down currently with the yield on benchmark 10-year Treasury up at 4.41% ahead of the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) report at 16:00 CET today. US markets ended mixed on Monday after ISM data showed US manufacturing activity slowed for the second straight month and the three main stock benchmarks recorded daily returns in a range from -0.3% to 0.6%.

European stock indexes futures are lower currently after indexes closed higher second straight session on Monday with utilities stocks leading gains. Asian indexes futures are retreating today with Australia’s All Ordinaries ASX 200 Index leading losses as data showed Australia’s current account surplus reverted into a deficit in the first quarter.

Brent is extending losses currently. Oil prices ended over 3% lower yesterday while The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, decided on Sunday to extend its ongoing output cuts of roughly 5.86 million barrels per day well into 2025 with plans to begin phasing out production cuts from Q3 this year. US West Texas Intermediate WTI ended 3.6% lower and is down currently. Brent fell 3.4% to $78.36 a barrel on Monday.