Global stocks pause after lackluster US jobless claims report - 12.2.2021

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, slipped 0.03% Thursday as US Labor Department reported 793 thousand Americans sought unemployment benefits over the last week, down from 812 thousand the previous week.

EUR/USD reversed its retreating while GBP/USD reversed its climbing Thursday as the German statistics agency Destatis reported the Wholesale Price Index in Germany rose 2.1% over month in January after 0.6% increase in prior month. The dynamics is intact for Pound while euro is down against the Dollar currently. AUD/USD joined USD/JPY’s continued climbing Thursday with both Australian dollar and yen lower against the greenback currently.

Futures on three main US stock indexes are lower currently. Wall Street ended mixed yesterday as US economy recorded a smaller than expected decline in weekly jobless claims. President Biden said his administration had secured deals for another 200 million doses of Covid-19. The three main US stock benchmarks recorded daily returns ranging from -0.02% to +0.38%.

European stock indexes are down today after closing higher Thursday led by tech shares. Asian indexes are mostly lower today with Australia’s All Ordinaries ASX 200 Index leading losses with markets in China and most of Southeast Asia closed for the Lunar New Year holiday.