Equities up after mixed session on Wall Street - 30.3.2021

The Dollar strengthening 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, rose 0.2% Monday.

Both EUR/USD and GBP/USD reversed their climbing Monday as Bank of England reported UK mortgage approvals fell more than expected in February. Both euro and Pound are lower currently against the Dollar. AUD/USD reversed its rising while USD/JPY continued its climbing yesterday with both Australian dollar and yen higher against the greenback currently.

Futures on three main US stock indexes are mixed currently ahead of the Conference Board consumer confidence report at 16:00 CET today. The three US main stock benchmarks ended mixed Monday recording returns ranging from -0.6% to 0.3% as bank shares fell after news US hedge fund Archegos Capital defaulted on $30 billion margin call. Nomura and Credit Suisse are facing billions of dollars in losses as a result.

European stock indexes are higher currently after ending mostly higher yesterday led by food and beverages shares while financial stocks took a beating. Asian indexes are mostly higher today with Hong Kong’s Heng Seng Index leading gains.