Global stocks mixed ahead of Fed decision - 15.6.2022

The Dollar strengthening has reversed 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, added 0.2% Tuesday after Bureau of Labor Statistics report producer price index rose 10.8% over year in May after 10.9% increase in April.

EUR/USD reversed its retreating yesterday while GBP/USD continued sliding while the economic sentiment of German investors improved according to ZEW indicator. Both pairs are higher currently. USD/JPY resumed climbing Tuesday while AUD/USD slowed its sliding with both Australian dollar and yen higher against the Greenback currently.

Futures on three main US stock indexes are up currently ahead of retail sales report at 14:30 CET today. The yield on benchmark 10-year US notes edged down to 3.429% currently. Stock indexes in US ended mixed on Tuesday after the report producer prices increase slowed a tick in May: the three main US stock indexes posted daily returns ranging from -0.5% to 0.2%.

European stock indexes are mixed currently while the European Central Bank announced an unscheduled monetary policy meeting for today after a bearish session on Tuesday with retail shares leading losses. Asian indexes are mostly lower today with Australia’s All Ordinaries ASX 200 Index leading losses while Chinese shares bucked the trend as data on Chinese retail sales and industrial output for May were a little better than forecast.

Brent is edging higher today after American Petroleum Institute reported late Tuesday US crude supplies rose unexpectedly last week. Oil prices ended lower on Tuesday on reports that US Senate Finance Committee chair Ron Wyden plans to introduce legislation setting a 21% surtax on oil company profits considered excessive. The US oil benchmark West Texas Intermediate (WTI) added 0.7% and is higher currently. Brent rose 0.9% to $121.17 a barrel.