Stocks struggle after US stocks ended mixed second straight session - 23.10.2024

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, ended 0.1% higher on Tuesday.

Both EUR/USD and GBP/USD slowed their retreating yesterday. Both Pound and euro are lower against the dollar currently. AUD/USD joined USD/JPY’s slowed advancing on Tuesday with both the yen and Australian dollar lower against the Greenback currently.

Futures on three main US stock indexes are lower currently ahead of Existing Home Sales report at 18:00 CET with the yield on benchmark 10-year US notes up at 4.236%. Stock indexes ended mixed on Tuesday as three main stock benchmarks recorded daily returns in a range from -0.05% to 0.18% led by tech shares amid rising treasury bond yields..

European stock indexes are down currently after closing lower again on Tuesday with utilities and telecom shares leading losses. Asian indexes futures are mostly lower today with Hong Kong’s Hang Seng index defying the trend after China Resources Beverage, Hong Kong’s second-largest initial public offering (IPO) this year, raised about $540 million in its IPO, boosting sentiment towards local stocks.

Brent is steady currently. Prices ended 2% higher yesterday on expectations for higher Chinese oil demand after Beijing's recent efforts to stimulate the economy of world's largest crude-importing nation. The Energy Information Administration (EIA) will release its US inventory data at 18:30 CET today. The US oil benchmark West Texas Intermediate (WTI) jumped 2.2% and is little changed currently. Brent rose 2.4% to $76.04 a barrel on Tuesday.