Equities mixed after Wall Street retreat - 21.2.2024

The Dollar weakening is intact 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, slipped 0.2% on Tuesday.

GBP/USD joined EUR/USD’s accelerated advancing yesterday. Both euro and Pound are lower against the dollar currently. USD/JPY accelerated its sliding and AUD/USD accelerated its climbing on Tuesday with the yen lower against the Greenback currently and Australian dollar higher still.

Futures on three main US stock indexes are lower currently with the yield on benchmark 10-year US notes down to 4.271%. Stock indexes ended lower on Tuesday with three main stock benchmarks recording daily losses in a range from -0.9% to -0.2% weighed by tech shares led by Nvidia ahead of its report today.

European stock indexes are mixed currently after closing lower on Tuesday led by mining stocks. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading gains.

Brent is extending losses currently. Prices retreated yesterday. The US oil benchmark West Texas Intermediate (WTI) slid 1.4% and is lower today. Brent lost 1.5% to $82.34 a barrel.