Equities mixed ahead of Fed meeting - 16.3.2021

The Dollar strengthening has paused 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, added 0.2% Monday as business activity continued to expand in New York State in March.

Both EUR/USD and GBP/USD continued sliding Monday despite German federal statistics bureau Destatis report German Wholesale Price Index rose 2.3% over year in February after no change in previous month. Euro is higher currently against the Dollar while Pound’s sliding is intact. AUD/USD continued its sliding as USD/JPY slowed its climbing yesterday with both yen and Australian dollar lower against the greenback currently.

Futures on three main US stock indexes are higher currently after SP500 and Dow Jones Industrial Average closed at a record highs Monday. The three US main stock benchmarks recorded gains ranging from 0.3% to 1.1%.

European stock indexes are down currently after ending mixed yesterday as Germany and Italy became the latest countries to suspend the use of the AstraZeneca-University of Oxford vaccine over concerns about possible side effects. Asian indexes are mostly higher today with Australia’s All Ordinaries ASX 200 Index leading gains.