Stocks down after Wall Street dip - 6.12 日

The Dollar weakening 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, ended 0.5% lower on Wednesday.

GBP/USD joined EUR/USD’s accelerated advancing yesterday as 10-year UK bond yields rose by 6 basis points to 4.6%. Euro is higher against the dollar currently while Pound is lower. Both USD/JPY and AUD/USD reversed their advancing on Wednesday with the yen higher against the Greenback currently and the Australian dollar lower still.

The US stock index futures are down currently ahead of unemployment claims report at 14:30 CET. US stocks closed mostly down on Wednesday with the three main US stock benchmarks recording daily losses in the range from -0.5% to -0.0% as US inflation came in slightly lower than expected in May.

European stock indexes are mixed currently after closing mixed yesterday. Asian stock indexes futures are retreating with Japan’s Nikkei Index leading losses after president Trump said on Wednesday that he will send letters to major economies setting his planned trade tariffs in the coming weeks before a July 9 deadline, to strike trade deals with his administration.

Brent is retracing lower presently. Prices rose over 4% Wednesday as the US Energy Information Administration (EIA) reported US crude oil stocks fell by above-expected 3.6 million barrels. The prices got a boost also from reports the U.S. was preparing to evacuate its Iraqi embassy due to heightened security concerns with Iran. The US oil benchmark West Texas Intermediate (WTI) futures jumped 4.8% but are lower currently. Brent crude rallied 4.3% to $69.77 a barrel on Wednesday.