Global equities rebound as investors 'buy the dip' - 14.5.2021

The Dollar weakening is intact 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, slipped 0.1% Thursday despite US Labor Department report 473 thousand Americans sought unemployment benefits over the last week, down from 507 thousand the previous week.

EUR/USD reversed its sliding Thursday while GBP/USD continued its retreating with both euro and Pound on the rise against the Dollar currently. USD/JPY joined AUD/USD’s continued sliding yesterday with both yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are up currently ahead of Census Bureau report at 14:30 CET today after a bullish session yesterday on upbeat weekly jobless claims report. The three main US stock benchmarks recorded daily gains in the range of 0.7% to 1.3% Thursday led by cyclical shares which stand to benefit most from economic revival.

European stock indexes are mixed currently after closing lower Thursday with basic resources shares leading losses. Asian indexes are mostly up today with Nikkei leading gains.