Top daily news
Forex news
The Dollar weakening is intact currently ahead of the US Labor Department report at 14:30 CET expected to show 350 thousand Americans sought unemployment benefits over the last week, down from 370 thousand the previous week. 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% Wednesday.
Both EUR/USD and GBP/USD reversed their sliding on Wednesday despite Eurostat report euro zone industrial production unexpectedly fell by more than expected in May. Pound is higher against the Dollar currently while euro is lower. AUD/USD reversed its sliding on Wednesday while USD/JPY reversed its climbing with Australian dollar lower against the Greenback currently but yen higher.
Stock Market news
The US stock index futures are down currently with the 10-year US Treasuries yields down at 1.339%. The three main US stock indexes booked returns ranging from -0.2% to +0.1% Wednesday with the Fed Beige Book reporting job gains strong, prices rising as US recovery continues.
European stock indexes are retreating currently after ending lower Wednesday with travel and leisure shares leading losses. Asian stock indexes are mixed today with Nikkei leading losses as shares were pressured by concern over a surge in COVID-19 cases a week before the Tokyo Olympics get underway.