Stocks mixed after Wall Street climb continued - 25.11.2024

The Dollar is little changed 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 0.4% higher on Friday.

Both EUR/USD and GBP/USD continued their retreating on Friday while SP Global reported euro zone business activity fell sharply in November. Both Pound and euro are higher against the Dollar currently. Both USD/JPY and AUD/USD reversed thier sliding on Friday with the yen lower against the Greenback currently and Australian dollar higher.

US stock indexes futures are higher currently after extending gains on Friday. The three main US stock benchmarks closed higher on Friday recording daily gains in the range from 0.2% to 1.0% led by industrial stocks after S&P Global’s data showed US business activity rose to a 31-month high in November.

European stock futures are up after closing higher on Friday led by health care and retail shares. Asian stock indexes futures are mixed today with Australia’s ASX 200 index leading losses.

Brent is retracing lower currently. Prices ended 1% higher on Friday on the back of continuing geopolitical tensions. US West Texas Intermediate WTI rose 1.6% but is down currently. Brent gained 1.3% to $75.17 a barrel on Friday. For the week, both crude benchmarks settled up about 6%, their highest settlements since November 7.