Stocks rebound pauses while US economy returns to pre-pandemic level - 30.7.2021

The Dollar strengthening has resumed 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, lost 0.3% as the US Labor Department reported 400 thousand Americans sought unemployment benefits over the last week, down from 424 thousand the previous week.

Both GBP/USD and EUR/USD accelerated their advancing Thursday as the European Commission reported euro-zone economic sentiment notched a record high in July. Both pairs are lower currently. AUD/USD continued climbing while USD/JPY reversed its rising yesterday with both Australian dollar and yen lower against the Greenback currently.

Futures on three main US stock indexes are down currently after second-quarter earnings reports continued to beat expectations Thursday with US Treasury yields retreating after rising Thursday on U.S. economic growth data. The three main US stock benchmarks recorded daily gains in the range of 0.1% to 0.4% Thursday.

European stock indexes are lower currently after closing higher Thursday with basic resources and autos shares leading gains. Asian indexes are down today with Nikkei leading losses.