Equities rebound after Wall Street retreat - 16.6.2025

The Dollar strengthening has reversed presently. 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% on Friday.

Both EUR/USD and GBP/USD reversed their advancing on Friday as the statistics office Destatis reported German wholesale prices disinflation accelerated in May. USD/JPY accelerated its retreating while AUD/USD reversed its climbing on Friday with the Australian dollar higher against the Greenback currently and the yen lower still.

US stock indexes futures are up currently after Wall Street ended solidly lower on Friday with the three main stock benchmarks recording daily losses in the range from -1.8% to -1.3% after University of Michigan report US consumer sentiment improved for the first time in six months in June as trade tensions between the US and China eased.

European stock futures are advancing today after closing lower on Friday led by auto shares. Asian stock indexes futures are mostly up with Hong Kong’s Hang Seng index leading gains after government data showed Chinese industrial production grew slightly less than expected in May while retail sales grew more than expected .

Brent is down currently. Prices ended sharply higher on Friday after Israel said it carried aerial strikes on Iran’s nuclear facilities, ballistic missile factories and military commanders to prevent Tehran from building an atomic weapon. President Trump urged Iran to make a deal over its nuclear program to put an end to the "next already planned attacks." US West Texas Intermediate WTI futures soared 13% but are lower currently. Brent rallied 7.6% to $672.98 a barrel on Friday.