Markets mixed after US stocks selloff resumed - 27.3.2025

The Dollar strengthening has halted 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% higher on Wednesday.

GBP/USD joined EUR/USD’s accelerated retreating yesterday while Britain’s finance minister Rachel Reeves announced billions of dollars worth of spending cuts to close a budget shortfall amid slowing growth and higher borrowing costs. Both Pound and euro are higher against the dollar currently. USD/JPY reversed its sliding and AUD/USD reversed its climbing on Wednesday with the yen lower against the Greenback currently and the Australian dollar higher.

The US stock index futures are mixed currently ahead of unemployment benefits report at 13:30 CET. US stocks ended lower on Wednesday with the three main US stock benchmarks recording daily losses in a range from -2.0% to -0.3% as president Trump said 25% tariffs on imported cars and light trucks would begin on April 3.

European stock indexes are down currently after closing mixed yesterday. Asian stock indexes futures are mixed currently with Hong Kong’s Hang Seng Index leading gains while auto stock losses weighed on Japan’s Nikkei after US President Donald Trump’s announcement of automobile tariffs.

Brent is retracing lower presently. Prices rose 1% on Wednesday as the Energy Information Administration (EIA) reported US crude oil stock fell by above expected 3.3 million barrels last week while refiners kept ramping up production. The US oil benchmark West Texas Intermediate (WTI) futures gained 0.94% but are lower currently. Brent crude rose 1.05% to $73.79 a barrel on Wednesday.