Markets mixed after US markets rebounded - 10.9.2024

The Dollar advancing has halted 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 0.3% higher on Monday.

Both EUR/USD and GBP/USD accelerated their sliding on Monday while Sentix Investor Confidence for euro zone continued falling in September. Both Pound and euro are higher against the dollar currently. USD/JPY reversed its sliding yesterday while AUD/USD slowed its retreating with both the yen and Australian dollar lower against the Greenback currently.

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year Treasury down at 3.708%. US markets rebounded on Monday as the three main stock benchmarks recorded daily gains in a range from 1.16% to 1.2%.

European stock indexes futures are mixed currently after indexes closed higher on Monday led by travel and leisure shares. Asian indexes futures are mixed today with Japan’s Nikkei leading gains while Chinese stocks declined after the US House of Representatives passed a bill aimed at restricting business, especially government contracts, with Chinese biotech firms.

Brent is edging lower currently. Oil prices ended higher yesterday as US oil and gas producers along the Gulf Coast started evacuating staff and curbing drilling to prepare for Tropical Storm Francine forecast to hit Louisiana on Wednesday. US West Texas Intermediate WTI ended 1.5% higher but is lower currently. Brent rose 1.1% to $71.84 a barrel on Monday.