Markets mixed on back of mixed Wall Street session - 30.7.2024

The Dollar is strengthening 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% higher on Monday.

Both EUR/USD and GBP/USD reversed their advancing on Monday while the Confederation of British Industry reported retail sales volumes in UK fell at an accelerated rate in the year to July. Both Pound and euro are lower against the dollar currently. USD/JPY reversed its sliding yesterday while AUD/USD reversed its advancing with the yen lower against the Greenback currently and Australian dollar higher.

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury up at 4.18% ahead of the Conference Board Consumer Confidence report at 18:00 CET today. US markets ended mixed on Monday as the three main stock benchmarks recorded daily returns in a narrow range from -0.1% to 0.1% ahead of Microsoft and Apple, Meta and Amazon quarterly reports this week.

European stock indexes futures are mixed currently after indexes closed lower on Monday led by auto shares. Asian indexes futures are mixed today with Japan’s Nikkei index leading gains while investor speculation over a possible 10 basis points or 15 basis points rate hike by Bank of Japan tomorrow underpinned yen’s sharp increase against the dollar over the past two weeks.

Brent is edging up currently. Oil prices ended lower yesterday on easing geopolitical concerns after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket strike in the Israeli-occupied Golan Heights over the weekend. US West Texas Intermediate WTI ended 1.8% lower and is down currently. Brent lost 1.7% to $79.78 a barrel on Monday.