Stocks mixed after Wall Street retreat widened - 22.5.2025

The Dollar weakening is intact today. 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, ended 0.5% lower on Wednesday.

Both EUR/USD and GBP/USD accelerated their advancing yesterday as the Office for National Statistics reported UK’s annual inflation rose more than expected in April. Euro is lower against the dollar currently while Pound is higher still. USD/JPY accelerated its retreating while AUD/USD reversed its sliding on Wednesday with both the yen and the Australian dollar higher against the Greenback currently.

The US stock index futures are mixed currently ahead of unemployment claims report at 14:30 CET. US stocks fell on Wednesday with the three main US stock benchmarks recording daily losses in the range from -1.9% to -1.4% as Congress debated president Trump’s massive tax cut proposal.

European stock indexes are mixed currently after closing mixed yesterday. Asian stock indexes futures are mixed with Hong Kong’s Hang Seng Index leading losses while PMI data showed Japanese private business activity declined in April.

Brent is extending losses presently. Prices fell Wednesday after the US Energy Information Administration (EIA) report US crude oil stocks rose by 1.3 million barrels, while gasoline stocks rose by about 800,000 barrels unexpectedly. The US oil benchmark West Texas Intermediate (WTI) futures fell 0.7% and are lower currently. Brent crude lost 0.7% to $64.91 a barrel on Wednesday.