Top daily news
Forex news
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 0.4% Monday as Institute for Supply Management reported US manufacturing activity grew at a slower pace in April.
Both EUR/USD and GBP/USD reversed their retreating Monday as federal statistics office Destatis reported German retail sales posted their biggest year-on-year increase in March since the start of the Covid pandemic. Both pairs are lower currently. USD/JPY reversed its climbing while AUD/USD reversed its sliding Monday with both Australian dollar and yen lower against the greenback currently as the Reserve Bank of Australia kept the official cash rate on hold at 0.1%.
Stock Market news
Futures on three main US stock indexes are down currently while US 10-year Treasury yields hover around 1.605 ahead of factory orders report at 16:00 CET. Earnings season continues in the US with DuPont, ConocoPhillips and Pfizer due to report quarterly results before market open today. The three US main stock benchmarks recorded returns ranging from -0.5% to 0.7% Monday.
European stock indexes are down currently after closing higher Monday with the UK closed for a public holiday. Asian indexes are mixed today with Hong Kong’s Heng Seng Index leading gains with Japan and mainland China’s markets remaining closed.