Stocks mixed ahead of Federal Reserve meeting - 26.7.2022

The Dollar weakening continues 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, slipped 0.1% on Monday.

EUR/USD joined GBP/USD’s accelerated advancing Monday despite Germany’s Ifo Institute report business morale plunged in July to its lowest level for more than two years. Both pairs are up currently. Both USD/JPY and AUD/USD reversed their retreating yesterday with both the Australian dollar and yen higher against the Greenback currently.

Futures on three main US stock indexes are down currently ahead of the Conference Board Consumer Confidence data at 16:00 CET today with the yield on benchmark 10-year Treasury notes inching down to 2.79%.The three benchmark indexes recorded daily returns ranging from -0.4% to 0.1% on Monday.

European stock indexes are down currently after closing mixed Monday as banks shares led gainers while travel and leisure stocks led losses. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading gains.

Brent is extending gains currently. Prices ended higher yesterday after Russian Central Bank Governor Elvira Nabiullina said Russia would not supply oil to countries that imposed a price cap on its oil. US West Texas Intermediate WTI rallied 2.1% and is higher currently. Brent rose 1.9% to $105.16 a barrel on Monday.