Equities mixed after US stocks posted marginal gains - 24.4.2023

Senior Analyst

Articles:1078

Todays’ Market Summary

The Dollar strengthening has resumed
US stocks indexes futures are lower currently
Gold prices are flat presently

Top daily news

Global equity indexes are pointing in different directions currently after Wall Street posted slim gains on Friday. Alphabet shares added 0.11% amid reports company’s CEO Sundar Pichai received a total compensation of approximately $226 million in 2022, Amazon’s shares rose 3.0% Friday outperforming market after a research firm predicted the ecommerce major's retail business in North America is set to beat Wall Street's estimates.

Open Account Try Free Demo

Forex news

The Dollar strengthening has resumed 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, slipped 0.1% Friday.

Both EUR/USD and GBP/USD continued their climbing on Friday while the SP Global reported German and British priva5te sector activities expanded in April. Euro and Pound are lower against the Dollar currently. USD/JPY slowed its retreating while AUD/USD reversed its climbing Friday with the yen and the Australian dollar lower against the Greenback currently.

Stock Market news

US stocks indexes futures are lower currently after closing marginally higher Friday following SP Global data showing US business activity accelerated to an 11-month high in April. The three main US stock benchmarks recorded daily gains in the narrow range from 0.07% to 0.11% on Friday.

Futures on European stock indexes are down today after closing fractionally higher on Friday led by health care shares. Asian stock indexes futures are mostly retreating today with Hong Kong’s Hang Seng index leading losses.

Commodity Market news

Brent is edging lower currently. Oil prices ended higher on Friday last week supported by Purchasing Managers surveys data showing private sector activities expanded both in Europe and US in April. The US oil benchmark West Texas Intermediate (WTI) added 0.6% but is lower currently. Brent crude edged up 0.7% to $81.66 a barrel on Friday. Both benchmarks however lost more than 5% last week.