Equities struggle ahead of US nonfarm payrolls report - 4.6.2021

The Dollar strengthening is intact today . 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, jumped 0.7% Thursday after US Labor Department report 385 thousand Americans sought unemployment benefits over the last week, down from 405 thousand the previous week.

GBP/USD joined EUR/USD’s accelerating retreating Thursday with both euro and Pound down against the Dollar currently. USD/JPY accelerated its climbing while AUD/USD accelerated its sliding yesterday with both yen and Australian dollar higher against the Greenback currently.

Futures on three main US stock indexes are down currently ahead of Bureau of Labor Statistics non-farm payrolls report at 14:30 CET today after a bearish session yesterday following an upbeat weekly jobless claims report. The three main US stock benchmarks recorded daily losses in the range of 0.07% to 1.03% Thursday with tech shares leading losses as Treasury yields rose after better than expected employment data.

European stock indexes are mixed currently after closing mixed Thursday with basic resources shares leading losses despite Markit’s final composite Purchasing Managers’ Index report showing euro zone business activity rose in May. Asian indexes are mixed today with Australia’s All Ordinaries ASX 200 Index leading gains.