Equities subdued after Dow, SP 500 ended down - 22.10.2024

The Dollar strengthening 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 0.4% higher on Monday.

Both GBP/USD and EUR/USD reversed their climbing on Monday as federal statistics office Destatis reported German producer prices declined in September. Pound and euro are higher against the dollar currently. USD/JPY resumed its advancing yesterday while AUD/USD reversed its climbing with the yen lower against the Greenback currently and Australian dollar higher.

Futures on three main US stock indexes are lower currently with the yield on benchmark 10-year Treasury up at 4.216%. United Technologies, General Electric and Texas Instruments will report quarterly results today. US markets ended mixed on Monday as the three main stock benchmarks recorded daily returns in a range from -0.8% to 0.27% with tech stocks leading gains as Nvidia jumped.

European stock indexes futures are mixed currently after indexes closed lower on Monday with insurance shares leading losses. Asian indexes futures are mostly down today with Hong Kong’s Hang Seng index defying the trend after a slightly bigger than expected cut to the People’s Bank of China’s benchmark loan prime rate yesterday.

Brent is edging lower currently. Oil prices ended nearly 2% higher yesterday. US West Texas Intermediate WTI ended 1.9% higher but is lower currently. Brent lost 1.7% to $74.29 a barrel on Monday.