Equities mixed after Wall Street retreat - 21.2.2024

Senior Analyst

Articles:1078

Todays’ Market Summary

The Dollar weakening is intact currently
Futures on three main US stock indexes are lower
Gold prices are edging up currently

Top daily news

Global equity indexes are pointing in different directions currently after Wall Street ended lower on Tuesday led by tech shares. Apple shares lost 0.41%, Nvidia stock fell 4.35% on Tuesday underperforming market ahead of upcoming earnings results due later today.

Open Account Try Free Demo

Forex news

The Dollar weakening 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, slipped 0.2% on Tuesday.

GBP/USD joined EUR/USD’s accelerated advancing yesterday. Both euro and Pound are lower against the dollar currently. USD/JPY accelerated its sliding and AUD/USD accelerated its climbing on Tuesday with the yen lower against the Greenback currently and Australian dollar higher still.

Stock Market news

Futures on three main US stock indexes are lower currently with the yield on benchmark 10-year US notes down to 4.271%. Stock indexes ended lower on Tuesday with three main stock benchmarks recording daily losses in a range from -0.9% to -0.2% weighed by tech shares led by Nvidia ahead of its report today.

European stock indexes are mixed currently after closing lower on Tuesday led by mining stocks. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading gains.

Commodity Market news

Brent is extending losses currently. Prices retreated yesterday. The US oil benchmark West Texas Intermediate (WTI) slid 1.4% and is lower today. Brent lost 1.5% to $82.34 a barrel.