Markets mixed after Wall Street ended mostly higher - 3.6.2024

The Dollar has reversed its weakening 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 0.2% lower on Friday.

Both GBP/USD and EUR/USD slowed their climbing on Friday while data showed euro zone inflation rose to 2.6% in May, slightly higher than the 2.5% analysts had predicted. Both Pound and euro are lower against the Dollar currently. USD/JPY reversed its climbing while AUD/USD continued its advancing on Friday with the yen higher against the Greenback currently and the Australian dollar lower.

US stock indexes futures are mixed currently after ending mixed on Friday. The three main US stock benchmarks recorded daily returns in the range from -0.01% to 1.5% after the Bureau of Economic Analysis report showed the personal consumption expenditures (PCE) price index increase broadly matched expectations for April.

European stock futures are mixed today after closing higher on Friday led by utilities shares. Asian stock indexes futures are mostly rising today with Hong Kong’s Hang Seng index leading gains buoyed by chipmaker rally after NVIDIA unveiled a new line of artificial intelligence chips.

Brent is retracing up currently after OPEC+ on Sunday extended most of its deep oil output cuts well into 2025. Prices ended lower on Friday while US crude production rose in March to its highest level this year, according to data from the US Energy Information Administration (EIA) . US West Texas Intermediate WTI fell 1.2% and is lower currently. Brent lost 0.8% to $81.62 a barrel on Friday. For the week, Brent declined 0.6% while WTI fell 1%.