Equities bounce after Wall Street dip | IFCM India
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Equities bounce after Wall Street dip - 15.5.2023

Equities bounce after Wall Street dip
Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert

Todays’ Market Summary

  • The Dollar strengthening has halted
  • US stocks indexes futures are higher currently
  • Brent is extending losses currently.
  • Gold prices are rebounding presently

Top daily news

Global equity indexes are pointing mostly up currently after Wall Street ended lower on Friday as regional bank shares mostly fell. Apple shares slid 0.54% underperforming market, Tesla’s shares fell 2.38% Friday while the EV maker announced it is no longer making a right-hand drive version of its Model S and Model X electric vehicles.

Forex news

Currency PairChange
EUR/USD +0.2%
GBP/USD +0.3%
USD/JPY +0.2%
AUD/USD +0.6%

The Dollar strengthening has halted 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, rose 0.6% Friday.

Both EUR/USD and GBP/USD continued their sliding on Friday as the Office for National Statistics data showed UK gross domestic product fell unexpectedly in March. Euro and Pound are higher against the Dollar currently. USD/JPY accelerated its advancing on Friday while AUD/USD continued its sliding with both the yen lower against the Greenback currently and the Australian dollar higher.

Stock Market news

DJIA +0.4%
Japan 225 +0.4%
Hang Seng +2.1%
Australia 200 +0.2%

US stocks indexes futures are higher currently after closing lower on Friday following University of Michigan preliminary report showing the Michigan Consumer Sentiment Index fell more than expected. The three main US stock benchmarks recorded daily losses in the range from 0.03% to 0.35% on Friday while regional bank shares extended losses.

European stock indexes futures are up currently after closing higher on Friday led by oil and gas shares. Asian stock indexes futures are mostly retreating today with Hong Kong’s Hang Seng index leading gains .

Commodity Market news

Brent -0.02%
Light Weight Crude Oil -0.08%

Brent is extending losses currently. Oil prices ended lower on Friday while US energy secretary Jennifer Granholm signaled that the US could repurchase oil for the Strategic Petroleum Reserve (SPR) after completing a congressionally mandated sale next month. The US oil benchmark West Texas Intermediate (WTI) lost 1.2% and is lower currently. Brent declined 1.1% to $74.17 a barrel on Friday. Both benchmarks ended the week with losses around 1.5%.

Gold Market News

Gold vs. USD %

Gold prices are rebounding presently . Prices fell on Friday: spot gold lost 0.2% to $2010.90 an ounce.

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