Investors pause after Wall Street advance following cooler inflation report - 13.1.2023

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, lost 0.5% Thursday despite the Department of Labor data showing the number of Americans who sought unemployment benefits over the last week was lower than the forecast while their number declined.

GBP/USD joined EUR/USD’s accelerated climbing Thursday. Both euro and Pound are lower against the Dollar currently. USD/JPY reversed its advancing while AUD/USD accelerated its climbing yesterday with both yen and the Australian dollar higher against the Greenback currently.

US stock indexes futures are down currently ahead of the University of Michigan preliminary Consumer Sentiment report today at 16:00 CET as the yield on benchmark 10-year Treasury notes ticked up to 3.462%. The three main stock benchmarks closed higher Thursday in the range of 0.3% to 0.6% as data indicated a moderation in US inflation in line with expectations - the sixth straight month of easing.

European stock market futures are up today after ending higher Thursday with retail shares leading gains. Asian stock indexes futures are mostly advancing currently with Australia’s All Ordinaries index leading gains while data showed better than expected growth in China’s trade balance.

Brent is edging up presently. Prices ended higher on Thursday. The US oil benchmark West Texas Intermediate (WTI) added 1.3% and is higher currently. Brent crude rose 1.7% to $84.03 a barrel on Thursday.