Equities mixed ahead of Wall Street reopening - 29.11.2024

The Dollar weakening has resumed today. 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% higher on Thursday.

EUR/USD reversed its climbing while GBP/USD slowed its advancing yesterday as the federal statistics agency Destatis reported German consumer prices unexpectedly held steady in November. Both Pound and euro are higher against the dollar currently. USD/JPY joined AUD/USD’s slowed advancing on Thursday with both the yen and Australian dollar higher against the Greenback currently.

US stock index futures are mixed currently ahead of markets reopening after Thanksgiving holiday with the yield on benchmark 10-year Treasury notes steady at 4.242%. The three main stock benchmarks ended lower on Wednesday with the three main US stock benchmarks recording daily losses in a range from -0.6% to -0.3%.

European indexes futures are retreating today after stock indexes closed higher yesterday with bank shares leading gains. Asian stock indexes futures are mixed today with Japan’s Nikkei leading losses while data showed that core consumer prices in Tokyo rose more than expected in November, rising further above the Bank of Japan’s 2% target.

Brent is steady currently. Prices ended higher on Thursday as Israel and Lebanese armed group Hezbollah traded accusations that their ceasefire had been violated. West Texas Intermediate (WTI) futures rose 0.2% and are steady currently. Brent futures added 0.5% to $73.17 a barrel on Thursday.