Stocks mixed following upbeat US session - 23.1.2025

Senior Analyst

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Todays’ Market Summary

The Dollar strengthening continues
The US stock index futures are down currently
Gold prices are sliding

Top daily news

Global equity indexes are pointing in opposite directions currently after Wall Street closed in flat to positive range on Wednesday. Microsoft shares rallied 4.13% outperforming market as Bernstein analysts highlighted the potential benefits for Microsoft and electrical infrastructure companies following the announcement of the $500 billion Stargate Project to build data centers and infrastructure in the US for the ChatGPT creator, Netflix shares jumped 9.69% on Wednesday after the company reported a record number of subscribers for the holiday quarter that let it to increase prices for most service plans.

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Forex news

The Dollar strengthening continues 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, added 0.3% on Wednesday.

Both GBP/USD and EUR/USD reversed their climbing yesterday as the Office for National Statistics reported UK borrowed £17.8 billion in December last year, £10.1 billion more than in December 2023. Both Pound and euro are lower against the dollar currently. USD/JPY reversed its sliding while AUD/USD ended virtually unchanged on Wednesday with both the yen and the Australian dollar lower against the Greenback currently.

Stock Market news

The US stock index futures are down currently ahead of unemployment benefits report at 14:30 CET and president Trump’s speech at 17:00 CET via satellite at the World Economic Forum today. US stocks ended mostly higher on Wednesday with the three main US stock benchmarks recording daily gains in a range from 0% to 1.28% led by technology shares.

European stock indexes are higher currently after closing up on Wednesday led by household goods and industrials shares. Asian stock indexes futures are mixed currently with Hong Kong’s Hang Seng Index leading losses while China announced plans to channel hundreds of billions of yuan of investment from state-owned insurers into stock market.

Commodity Market news

Brent is edging down presently. Prices extended losses on Wednesday amid reports Saudi Arabia's crude oil exports in November jumped to their highest in eight months. The US oil benchmark West Texas Intermediate (WTI) futures lost 0.5% and are lower currently. Brent crude slid 0.4% to $79.00 a barrel on Wednesday.