Stocks dip after Wall Street ended at fresh records - 25.7.2025

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, gained 0.3% on Thursday while president Trump suggested during rare Fed visit that he was abandoning any consideration of firing Powell .

Both EUR/USD and GBP/USD reversed their advancing yesterday as the European Central Bank held interest rates after a series of four cuts took its key deposit facility rate to 2% from 4%. Euro is higher against the dollar currently and Pound is lower still. USD/JPY reversed its sliding while AUD/USD reversed its climbing on Thursday with the yen lower against the Greenback currently and Australian dollar lower still.

US stock market futures are up currently ahead of ahead of durable goods orders report at 14:30 CET with the yield on benchmark 10-year Treasury notes up at 4.415%. Wall Street ended mixed yesterday with SP 500 and Nasdaq ending at fresh all-time highs. The three main stock benchmarks recorded daily returns in the range from -0.7% to 0.2% amid mixed quarterly earnings which weighed down on Dow.

European stock markets futures are down currently after closing higher on Thursday as S&P Global PMI data showed business activity rose slightly for the second month in the German private sector. Asian stock indexes futures are retreating with Hong Kong’s Hang Seng leading losses.

Brent is extending gains today after rising on Thursday on news Russia was planning to cut gasoline exports to all but a few allies and nations like Mongolia, with which it has supply agreements. West Texas Intermediate (WTI) futures gained 1.2% and are higher currently. Brent futures added 0.98% to $69.18 a barrel on Thursday.