Stocks advance after Dow posts third record in a row - 10.5.2021

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, dropped 0.7% on Friday as the Bureau of Labor Statistics reported US economy added only 266,000 jobs in April after 770 thousand new jobs in March.

EUR/USD accelerated its climbing Friday while GBP/USD reversed its retreating as the federal statistics office Destatis reported German industrial output  grew 2.5% on month in March, when an increase of 2.1% was forecast. Euro is lower against the Dollar currently while Pound is higher. AUD/USD accelerated its climbing Friday while USD/JPY accelerated its retreating with Australian dollar higher against the Greenback currently and yen lower.

Futures on US equity benchmarks are higher currently ahead of Federal Reserve Bank of Chicago president Evans' online speech on economic outlook at 20:00 CET today. The three main US stock benchmarks recorded daily gains ranging from 0.7% to 0.9% Friday as disappointing April jobs report reinforced expectations of continued US fiscal and monetary support for the US economy while the unemployment rate increased slightly to 6.1%.

European stock indexes are up currently after ending higher on Friday led by tech shares. Asian indexes are mostly higher today with Australia’s All Ordinaries ASX 200 Index leading gains.