Equities recover after Wall Street selloff - 11.3.2025

The Dollar weakening has resumed 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 0.1% higher on Monday.

Both EUR/USD and GBP/USD reversed their climbing yesterday while Federal Statistical Office Destatis reported German industrial  production in January grew more than forecast. Both euro and Pound are higher against the dollar currently. USD/JPY joined AUD/USD’s accelerated sliding on Monday with both the yen and Australian dollar higher against the Greenback currently. 

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury down at 4.255%. US stock market ended sharply lower on Monday with the three main stock benchmarks recording daily losses in the range from –4.0% to -2.1% as SP 500 closed down 8.6 per cent from its February 19 record high, nearing a 10 per cent decline that would represent a correction for the index.

European stock indexes futures are mixed currently after indexes closed lower on Monday while autos shares defied the trend and rose 1.24% led by Porsche and Stellantis. Asian indexes futures are mostly advancing currently with Hong Kong’s Hang Seng index leading gains while Japan's fourth quarter 2024 GDP growth was revised down to an annualized 2.2% from 2.8%, primarily due to weaker consumption.

Brent is retracing up currently. Oil prices ended lower yesterday after rebounding from six-month lows on Friday as Trump said the United States would intensify sanctions on Russia if it fails to reach a ceasefire deal with Ukraine. US West Texas Intermediate WTI futures fell 1.5% but are higher currently. Brent lost 1.5% to $69.28 a barrel on Monday.