Equities mixed after Dow and S&P 500 hit new record highs - 23.1.2024

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Todays’ Market Summary

The Dollar has resumed weakening
Futures on three main US stock indexes are up
Gold prices are retracing up currently

Top daily news

Global stocks are trading mixed currently after Dow and the S&P 500 closed at new record highs on Monday. Apple shares rose 1.2%, Tesla shares lost 1.6% on Monday underperforming market while Morgan Stanley reiterated an Overweight rating on “Top Pick” Tesla as it cut the 12-month price target on the electric auto stock to $345.00 From $380.00.

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Forex news

The Dollar has resumed weakening 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, ended 0.1% higher on Monday.

EUR/USD reversed its climbing while GBP/USD reversed its sliding on Monday. Both Pound and euro are higher against the dollar currently. USD/JPY retreated and AUD/USD reversed its climbing yesterday with both the yen and Australian dollar higher against the Greenback currently.

Stock Market news

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury up at 4.161%. US markets closed higher on Monday with the three main stock benchmarks recording daily gains in the range from 0.2% to 0.4%.

European stock indexes futures are higher currently after closing up on Monday led by technology shares. Asian indexes futures are mixed today with Japan’s Nikkei index defying the positive trend while the Bank of Japan maintained its ultra-dovish stance and forecast slowing inflation.

Commodity Market news

Brent is extending gains currently. Prices advanced yesterday on supply concerns after a Ukrainian drone strike on Russia's Novatek fuel terminal. US West Texas Intermediate WTI rose 1.9% and is higher currently. Brent gained 1.9% to $80.06 a barrel on Monday.