Markets mixed after Wall Street rebound | IFCM
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Markets mixed after Wall Street rebound - 18.5.2023

Markets mixed after Wall Street rebound
Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert

Todays’ Market Summary

  • The Dollar strengthening is intact
  • The US stock index futures are mixed currently
  • Brent is edging down presently.
  • Gold prices are extending losses

Top daily news

Global stocks are trading mixed currently after Wall Street ended solidly higher on Wednesday. Apple shares added 0.36%, Meta’s shares rose 1.53% outperforming the market on Wednesday despite reports the social networking giant is set to face a record European Union privacy fine - higher than the previous record 746 million euros fine for Amazon - related to data transfer of Facebook's EU users to US servers for failing to comply with a warning by a top EU court.

Forex news

Currency PairChange
EUR USD -0.1%
GBP USD -0.2%
USD JPY +0.1%
AUD USD -0.2%

The Dollar strengthening is intact 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% Wednesday.

GBP/USD reversed its retreating on Wednesday while EUR/USD accelerated its sliding as Commerzbank said it expects Germany will be in a mild recession this year. Both euro and Pound are lower against the Dollar currently. USD/JPY accelerated its advancing yesterday whileAUD/USD reversed its sliding with both the yen and the Australian dollar lower against the Greenback currently.

Stock Market news

Dow Jones Index +0.1%
Nikkei Index +0.9%
Hang Seng Index -0.2%

The US stock index futures are mixed currently ahead of unemployment claims report at 14:30 CET today. The three main US stock indexes ended higher on Wednesday recording daily gains in the range from 1.19% to 1.28% as beleaguered regional bank Western Alliance Bancorporation said it had added $2 billion in deposits so far in the second quarter.

European stock indexes futures are higher currently after indexes closed mixed yesterday with food and beverages shares leading losses. Asian stock indexes futures are mostly higher today with Hong Kong’s Hang Seng Index leading losses while data from Australia showed an unexpected fall in employment in April.

Commodity Market news

Brent Crude Oil -0.04%
WTI Crude -0.03%

Brent is edging down presently. Prices ended higher yesterday despite Energy Information Administration report US crude inventories rose by above expected 5 million barrels last week while gasoline inventories fell by 1.4 million barrels. The US oil benchmark West Texas Intermediate (WTI) futures surged 2.8% but is lower currently. Brent crude rose 2.7% to $76.96 a barrel on Wednesday.

Gold Market News

Gold -0.2%

Gold prices are extending losses today. Spot gold ended down 0.35% at $1988.24 an ounce on Wednesday.

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