Stocks mixed while yields ease - 10.3.2021

The Dollar weakening 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, shed 0.5% Tuesday.

Both EUR/USD and GBP/USD reversed their sliding yesterday despite European statistics agency Eurostat report Tuesday the euro zone economy contracted by 0.7% in the final quarter of 2020, revising down its previous flash estimate for a 0.6% quarterly contraction. Both pairs are lower currently. USD/JPY reversed its sliding yesterday and AUD/USD reversed its climbing with both yen and Australian dollar lower against the greenback currently.

Futures on three main US stock indexes are down currently ahead of $38 billion in 10-year notes auction at 19:00 CET today. Stock indexes in US rebounded Tuesday after bond yields declined: the three main US stock indexes posted gains ranging from 0.1% to 3.7% driven by bargain hunting for big cap technology shares.

European stock indexes are edging lower currently after a bullish session on Tuesday led by retail shares. Asian indexes are mostly advancing today except for Australia’s All Ordinaries ASX 200 Index .