Markets mixed after Wall Street rebound - 3.2.2023

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Todays’ Market Summary

The Dollar strengthening is intact
US stock indexes futures are down currently
Brent is edging down presently.
Gold is edging higher today.

Top daily news

Equity indexes are pointing in different directions currently following a bullish Wall Street session Thursday after stronger than expected US quarterly reports. Meta shares rallied 23.28% outperforming market while the company reported a smaller drop in annual sales than anticipated, Alphabet shares jumped 7.31% on Thursday before retreating 4.6% in after-hours trading as the company posted fourth-quarter profit and sales short of Wall Street expectations.

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Forex news

Currency Pair	Change
EUR USD	-0.1%
GBP USD	-0.2%
USD JPY	-0.03%
AUD USD	-0.1%

The Dollar strengthening is intact 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, rose 0.4% Thursday as the Department of Labor data showed the number of Americans who sought unemployment benefits over the last week was lower than the forecast while their number declined.

Both EUR/USD and GBP/USD reversed their climbing Thursday while both the European central bank and the Bank of England hiked interest rates by 50 basis points. Both euro and Pound are lower against the Dollar currently. USD/JPY slowed its retreating while AUD/USD reversed its advancing yesterday with the Australian dollar lower against the Greenback currently and the yen higher.

Stock Market news

Indices	Change
Dow Jones Index	-0.02%
Nikkei Index	-0.04%
Hang Seng Index	-0.5%
Australian Stock Index	+0.5%

US stock indexes futures are down currently ahead of Bureau of Labor Statistics report on Non-Farm Payrolls today at 14:30 CET as the yield on benchmark 10-year Treasury notes ticked down to 3.373%. The three main stock benchmarks closed mixed Thursday in the range of -0.1% to 3.25% as stronger than expected Facebook parent Meta Platforms report offered a reason for optimism for US corporate performance.

European stock market futures are down today after ending higher Thursday with technology shares leading gains. Asian stock indexes futures are mixed currently with Australia’s All Ordinaries index defying the general negative trend spurred by disappointment over earnings results from Google, Apple and Amazon.

Commodity Market news

Commodities	Change
Brent Crude Oil	-0.5%
WTI Crude	-0.5%

Brent is edging down presently. European Union representatives are meeting today to seek a deal on a European Commission proposal to set price caps on Russian oil products after postponing a decision yesterday. Prices ended lower on Thursday. The US oil benchmark West Texas Intermediate (WTI) slid 0.7% and is lower currently. Brent crude lost 0.8% to $82.17 a barrel on Thursday.