Stocks rise after Wall Street rebound - 23.4.2024

The Dollar strengthening has reversed 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 0.18% higher on Monday.

EUR/USD reversed its advancing while GBP/USD slowed its retreating on Monday while Eurostat reported consumer confidence remained stable in the euro area in April. Both Pound and euro are higher against the dollar currently. USD/JPY resumed its climbing yesterday while AUD/USD reversed its retreating with both the yen and Australian dollar little changed lower against the Greenback currently.

Futures on three main US stock indexes are higher currently with the yield on benchmark 10-year Treasury down at 4.615% ahead of Purchasing Managers' Indexes (PMI) reports at 15:45 CET today. US markets closed up on Monday with the three main stock benchmarks recording daily gains in a range from 0.7% to 1.1%.

European stock indexes futures are up currently after indexes closed higher on Monday with auto stocks leading losses. Asian indexes futures are mostly rising today with Nikkei index defying the trend despite positive purchasing managers index data for April showing Japan’s private sector expansion accelerated.

Brent is edging higher currently. Oil prices ended lower yesterday on receding of fears of a wider Middle East war. US West Texas Intermediate WTI slid 0.35% but is higher currently. Brent slipped 0.33% to $87.00 a barrel on Monday.