Stocks down after Wall Street dipped - 28.11.2023

The Dollar weakening has halted 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% lower on Monday.

Both GBP/USD and EUR/USD slowed their climbing on Monday while the British Retail Consortium data showed Inflation in UK retail stores has fallen to a 17-month low as retailers fight to attract shoppers. Both Pound and euro are lower against the dollar currently. USD/JPY resumed its sliding while AUD/USD slowed its advancing yesterday with both the yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are down currently with the yield on benchmark 10-year Treasury up at 4.402%. US markets closed lower on Monday with the three main stock benchmarks recording daily losses in the range from -0.2% to -0.1% while the Census Bureau reported new home sales in the United States fell in October as typical mortgage rates reached their highest levels this year.

European stock indexes futures are lower currently after closing marginally lower on Monday led by travel shares. Asian indexes futures are mostly retreating today with Australia’s All Ordinaries ASX 200 Index defying the trend while data showed an unexpected drop in Australian retail sales in October.

Brent is extending losses currently. Prices ended below $80 on Monday while money managers cut their net long US crude futures and options positions in the week to November 21, according to the US Commodity Futures Trading Commission data. US West Texas Intermediate WTI fell 0.9% and is lower currently. Brent lost 0.7% to $79.98 a barrel on Monday.