Equities advance after Wall Steet rebound - 6.24 日

The Dollar weakening 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 0.4% lower on Monday.

GBP/USD joined EUR/USD‘s accelerated climbing yesterday. Both Pound and euro are higher against the dollar currently. USD/JPY reversed its climbing while AUD/USD reversed is sliding on Monday with both the yen and Australian dollar higher against the Greenback currently. 

Futures on three main US stock indexes are up currently ahead of Federal Reserve chair Jerome Powell Congress testimony scheduled for 16:00 CET. The yield on 10-year Treasury is up at 4.33%. US stock market ended up on Monday with the three main stock benchmarks recording daily gains in the narrow range from 0.9% to 0.94% as Federal Reserve Vice-Chair Michelle Bowman said that “it is time to consider adjusting the policy rate” as risks to the job market outweigh inflationary concerns related to tariffs.

European stock indexes futures are rising currently after indexes closed lower on Monday led by banks, chemicals and insurance shares. Asian indexes futures are advancing currently with Hong Kong’s Hang Seng index leading gains amid reports Chinese scientists have developed the world’s first highly parallel optical computing chip which could rival the performance of advanced AI chips like Nvidia’s GPUs.

Brent is inching lower currently. Oil prices fell more than 7% yesterday after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz but instead attacked a US airbase in Qatar in retaliation for US attacks on its nuclear facilities. US West Texas Intermediate WTI ended 7.2% lower and are lower currently. Brent fell 7.2% to $71.48 a barrel on Monday.