Markets mixed ahead of Wall Street reopening - 1.6.2021

The Dollar weakening continues 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, slid 0.2% Monday.

Both EUR/USD and GBP/USD reversed their sliding Monday as federal statistics office Destatis reported German consumer price index rose 2.5% on the year in May. Both pairs are higher currently. AUD/USD reversed its sliding Monday while USD/JPY reversed its climbing with both Australian dollar and yen higher against the greenback currently.

Futures on three main US stock indexes are up currently while US 10-year Treasury yields hover around 1.616 ahead of Institute for Supply Management Manufacturing PMI report today at 16:00 CET. The three US main stock benchmarks recorded daily gains ranging from 0.1% to 0.2% Friday ahead of long Memorial Day weekend.

European stock indexes are mixed currently after ending lower Monday with markets closed in United Kingdom for a holiday. Asian indexes are mostly up today with Shanghai Composite leading gains as Caixin reported China’s factory activity expanded at the fastest pace this year in May.