Stocks rebound after Wall Street ended mixed - 28.10.2024

The Dollar strengthening is intact 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 0.3% higher on Friday.

Both EUR/USD and GBP/USD reversed their climbing on Friday despite ifo Institute report German business morale improved more than expected in October. Both Pound and euro are higher against the Dollar currently. USD/JPY reversed its sliding on Friday while AUD/USD reversed its advancing with both the yen and Australian dollar lower against the Greenback currently.

US stock indexes futures are rising currently after ending mixed on Friday. The three main US stock benchmarks recorded daily returns in the range from -0.6% to 0.0% as earnings season continues with 59% of SP 500 companies having reported revenues exceeding expectations.

European stock futures are higher after closing marginally lower on Friday led by travel shares. Asian stock indexes futures are rising today with Japan’s Nikkei leading gains while the ruling Liberal Democratic Party lost its parliamentary majority, lowering bets of more interest rate hikes by the Bank of Japan as LDP will now have to seek alliances with smaller, regional parties.

Brent is retracing down currently after Israel's retaliatory strike on Iran didn’t include Tehran's oil and nuclear facilities and did not disrupt energy supplies. Prices ended up on Friday. US West Texas Intermediate WTI rose 2.27% but is lower currently. Brent gained 2.25% to $76.05 a barrel on Friday. For the week, Brent settled 4% higher, while WTI rose 3.7%.