Stocks mixed after Wall Street rebound continued - 24.4.2025

The Dollar strengthening has reversed 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 0.4% higher on Wednesday.

Both EUR/USD and GBP/USD slowed their retreating yesterday as the S&P Global reported the euro zone business activity remained broadly unchanged in April. Both Pound and euro are higher against the dollar currently. USD/JPY slowed its advancing while AUD/USD slowed its sliding on Wednesday with both the yen and the Australian dollar higher against the Greenback currently.

The US stock index futures are down currently ahead of unemployment benefits and durable goods orders report at 14:30 CET. US stocks rose for a second straight session on Wednesday with the three main US stock benchmarks recording daily gains in the range from 1.1% to 2.5% after president Trump said that he had no plans to fire Federal Reserve chairman Jerome Powell.

European stock indexes are mixed currently after closing higher yesterday with technology stocks leading gains. Asian stock indexes futures are mostly retreating currently with Japan’s Nikkei Index leading losses amid reports Japan’s tariff negotiator Ryosei Akazawa is making final arrangements to visit the United States from April 30 to hold a second round of talks with his counterpart.

Brent is edging up presently. Prices fell nearly 2% Wednesday amid reports several OPEC+ members will suggest that the group accelerate oil output increases for a second consecutive month in June. The US oil benchmark West Texas Intermediate (WTI) futures fell 2.2% but are higher currently. Brent crude lost 1.96% to $66.12 a barrel on Wednesday.