Equities mixed after Wall Street ended mixed again - 30.10.2024

The Dollar strengthening 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% lower on Tuesday.

EUR/USD slowed its advancing while GBP/USD accelerated its climbing yesterday while Germany’s GfK consumer confidence index pointed to an uptick in sentiment for November. USD/JPY ended little changed while AUD/USD slowed its retreating on Tuesday with the yen lower against the Greenback currently and Australian dollar flat.

Futures on three main US stock indexes are higher currently ahead of ADP Non-Farm Employment Change and Advance GDP reports due at 16:15 CET and 16:30 CET respectively with the yield on benchmark 10-year US notes down at 4.248%. Stock indexes ended mixed on Tuesday as three main stock benchmarks recorded daily returns in a range from -0.36% to 0.78% while the Labor Department’s JOLTS survey showed below expected job openings in September.

European stock indexes are down currently after closing lower on Tuesday with Banks and mining shares leading gains. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading losses despite reports previous day that China is considering approving next week the issuance of more than 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy.

Brent is retracing higher currently. Prices extended losses yesterday. The Energy Information Administration (EIA) will release its US inventory data at 18:30 CET today. The US oil benchmark West Texas Intermediate (WTI) slipped 0.3% but is higher currently. Brent slid 0.4% to $71.12 a barrel on Tuesday.