Equities rebound after Wall Street ended mixed - 2.7.2025

The Dollar weakening persists 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, fell 0.5% on Tuesday.

Both EUR/USD and GBP/USD continued their climbing yesterday as preliminary data from statistics agency Eurostat showed inflation in the euro zone edged higher to 2% in June. Both euro and Pound are lower against the dollar currently. USD/JPY accelerated its sliding while AUD/USD reversed its climbing on Tuesday with both the Australian dollar and the yen lower against the Greenback currently.

Futures on three main US stock indexes are up currently ahead of ADP Non-Farm Employment Change report scheduled for 14:15 CET. Stock indexes ended mixed on Tuesday recording daily gains in the range from -0.8% to 0.9% while the Institute for Supply Management (ISM) data showed US manufacturing activity shrank in June for a fourth straight month.

European stock indexes futures are higher currently after closing mixed on Tuesday as yields on European government bonds moved lower. Asian indexes futures are mostly rising today with Hong Kong’s Hang Seng index lagging peers after president Trump said that he won’t extend the July 9 deadline for countries to finalize trade agreements with the US.

Brent is steady currently. Prices rose yesterday limited by expectations that the OPEC+ group will boost its August crude oil output by an amount similar to the outsized hikes agreed in May, June, and July. The Energy Information Administration (EIA) will release its US crude oil inventory data at 16:30 CET today. The US oil benchmark West Texas Intermediate (WTI) added 0.5% and is little changed currently. Brent rose 0.6% to $67.11 a barrel on Tuesday.